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Overseas Investment Act 2005

National security and public order risks management regime - Risk management actions - Statutory management

94: Purpose of statutory management

You could also call this:

"Protecting New Zealand from risks when overseas people control important assets"

Illustration for Overseas Investment Act 2005

The purpose of statutory management is to manage risks to New Zealand's national security or public order. This happens when an overseas person, or someone connected to them, has an interest in sensitive assets. The goal is to remove the overseas person's access to or control over these sensitive assets.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS358855.

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Part 3National security and public order risks management regime
Risk management actions: Statutory management

94Purpose of statutory management

  1. The purpose of statutory management under this subpart is to manage the risks to national security or public order associated with actions by an overseas person, or an associate of an overseas person, who has an interest in sensitive assets, including (without limitation) removing the overseas person’s, or their associate’s, access to or control over the sensitive assets.

Notes
  • Section 94: inserted, on , by section 52 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).