Overseas Investment Act 2005

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

97: Statutory management of New Zealand business only

You could also call this:

"Statutory management only applies to New Zealand parts of a business."

Illustration for Overseas Investment Act 2005

When a person's New Zealand business is under statutory management, section 95 only applies to the parts of the business that are in New Zealand. This includes the person's property, rights, assets, and liabilities related to their New Zealand business. If the person has other business undertakings that are not related to sensitive assets, section 95 only applies to the part of their New Zealand business that is related to those sensitive assets, as outlined in the section 95 provision.

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This page was last updated on 18 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS358861.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rulesGovernment and voting > Government departments

96: Recommendation of Minister, or

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98: Date and time of appointment, or

"When a new manager starts: knowing the date and time they begin their job"

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

97Statutory management of New Zealand business only

Section 95 applies only to the person’s property, rights, assets, and liabilities relating to its New Zealand business or, if the person has business undertakings unrelated to the sensitive assets, that part of its New Zealand business that relates to the sensitive assets.

Notes

Section 97: inserted, on 16 June 2020, by section 52 of the Overseas Investment (Urgent Measures) Amendment Act 2020 (2020 No 21).