Overseas Investment Act 2005

National security and public order risks management regime - Call-in transactions - Notification of call-in transactions

87: Requirements for notification of call-in transaction

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"Telling the Government about a Big Investment: What You Need to Do"

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When you give a notification under section 85 or 86, the Minister decides how you must give it. The Minister can say what information you must include in the notification. The Minister can also choose the form you use to give the notification.

A notice from the Minister is secondary legislation, which means it has to follow certain rules for publication, as explained in Part 3 of the Legislation Act 2019. The regulator can ask you to provide a statutory declaration to verify the information in your notification. You might need to provide more information to help with the consideration of your notification.

You must pay the relevant fee when you give your notification, unless you have already paid it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS358580.


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Part 3National security and public order risks management regime
Call-in transactions: Notification of call-in transactions

87Requirements for notification of call-in transaction

  1. The Minister must, by notice, authorise the manner in which a notification under section 85 or 86 must be given, including by doing any of the following:

  2. specifying the required content of the notification, which may include any information that the Minister thinks relevant:
    1. approving or prescribing 1 or more forms for the notification or 1 or more methods for making the notification (or both):
      1. authorising the notification to be given on behalf of the overseas person or associate referred to in section 85(2) or 86(2) (including the manner for doing so).
        1. A notice under subsection (1) is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

        2. Repealed
        3. The regulator may, by notice in writing, require 1 or more persons giving a notification under section 85 or 86 to provide a statutory declaration verifying that the information contained in the notification is true and correct.

        4. For the purpose of considering the notification under section 85 or 86, the regulator may, by notice in writing, require a relevant acquirer, or any other person with information relevant to the notification, to provide the information specified in the regulator’s notice and in a form specified by the regulator’s notice.

        5. A notification under section 85 or 86 must be accompanied by the relevant fee (if any), unless this has already been paid.

        Notes
        • Section 87: inserted, on , by section 52 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
        • Section 87(1): amended, on , by section 53(9) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
        • Section 87(1)(c): amended, on , by section 53(10) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
        • Section 87(2): replaced, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).
        • Section 87(3): repealed, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).
        • Section 87(4): amended, on , by section 53(9) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
        • Section 87(5): amended, on , by section 53(9) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).
        • Section 87(6): amended, on , by section 53(9) of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).