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Fisheries Act 1996

Quota management system - Overseas investment in and aggregation of quota

56: Purpose of overseas investment fishing provisions

You could also call this:

"Rules for overseas owners of New Zealand fishing quota"

Illustration for Fisheries Act 1996

The purpose of the overseas investment fishing provisions is to acknowledge that it is a privilege for overseas persons to own or control interests in fishing quota. You need to meet certain criteria to get consent before making an overseas investment in fishing quota. The government also imposes conditions on those overseas investments.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM396068.

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55: Determination or order not to affect quota allocated to Te Ohu Kai Moana Trustee Limited, or

"Quotas given to Te Ohu Kai Moana Trustee Limited are protected."

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57: Overview of overseas investment fishing provisions, or

"Rules for overseas investors in New Zealand fishing"

Part 4Quota management system
Overseas investment in and aggregation of quota

56Purpose of overseas investment fishing provisions

  1. The purpose of the overseas investment fishing provisions is to acknowledge that it is a privilege for overseas persons to own or control interests in fishing quota by—

  2. requiring overseas investments in fishing quota, before being made, to meet criteria for consent; and
    1. imposing conditions on those overseas investments.

      Notes
      • Section 56: substituted, on , by section 73 of the Overseas Investment Act 2005 (2005 No 82).