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Overseas Investment Act 2005

Consent and conditions regime - Transitional provisions and amendments to other enactments - Transitional provisions

80: Transitional provision relating to clause 6 of Schedule 1AA (Exemption relating to dwellings in large apartment developments where sales of dwellings have begun before assent date)

You could also call this:

"Applying for an exemption before new rules start"

Illustration for Overseas Investment Act 2005

If you want to apply for an exemption certificate, you can do this before certain rules start. You can apply as if the rules, including the fee you have to pay, are already in place. This is because of clause 6 of Schedule 1AA, which has not started yet. You can still apply for the exemption certificate and it will be dealt with as if the rules were already in force.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS79532.

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"This part of the law helps keep New Zealand safe by managing risks when overseas people invest here."

Part 2Consent and conditions regime
Transitional provisions and amendments to other enactments: Transitional provisions

80Transitional provision relating to clause 6 of Schedule 1AA (Exemption relating to dwellings in large apartment developments where sales of dwellings have begun before assent date)

  1. A person may apply for an exemption certificate, and the application may be dealt with, before the commencement of clause 6 of Schedule 1AA as if that clause and the relevant fee prescribed in the regulations were in force.

Notes
  • Section 80: inserted, on , by section 48 of the Overseas Investment Amendment Act 2018 (2018 No 25).