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Fisheries Act 1996

Quota management system - Overseas investment in and aggregation of quota

57C: Consent must be obtained before overseas investment given effect

You could also call this:

"Get consent before overseas investors can buy or control something in New Zealand"

Illustration for Fisheries Act 1996

You need consent before an overseas investment can happen. You must get this consent before the investment is finalised. The Overseas Investment Act 2005 explains how to get this consent, which is outlined in subpart 2 of Part 2. You can find the details of who must get consent there.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM396302.

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57B: Consent required for overseas investments in fishing quota, or

"Overseas investors need permission to buy New Zealand fishing quota."

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57D: What are overseas investments in fishing quota, or

"What is an overseas investment in New Zealand fishing quota?"

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

57CConsent must be obtained before overseas investment given effect

  1. Consent must be obtained for a transaction before the overseas investment is given effect under the transaction.

  2. The procedure for obtaining consent (including who must obtain consent) is set out in subpart 2 of Part 2 of the Overseas Investment Act 2005.

Notes
  • Section 57C: inserted, on , by section 73 of the Overseas Investment Act 2005 (2005 No 82).