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Fisheries Act 1996

Quota management system - Overseas investment in and aggregation of quota

57G: Criteria for overseas investments in fishing quota

You could also call this:

"Rules for overseas investors buying New Zealand fishing quota"

Illustration for Fisheries Act 1996

When you invest in fishing quota from overseas, you must meet certain criteria. You need to pass the investor test and your investment must benefit New Zealand as required by section 16A(1A) of the Overseas Investment Act 2005. Your investment in fishing quota must also be able to be registered in the Quota Register or the Annual Catch Entitlement Register.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM396314.

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Environment and resources > Farming and fishingBusiness > Industry rules
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57F: Who are relevant overseas persons, and individuals with control, for overseas investments, or

"Who is in charge of overseas investments in New Zealand?"

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57H: Factors for determining whether or not overseas investment in fishing quota will, or is likely to, benefit New Zealand, or

"How overseas investment in fishing affects New Zealand"

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

57GCriteria for overseas investments in fishing quota

  1. The criteria for an overseas investment in fishing quota are all of the following:

  2. the investor test is met:
    1. the overseas investment will, or is likely to, benefit New Zealand (or any part of it or group of New Zealanders) to the extent required by section 16A(1A) of the Overseas Investment Act 2005, as determined by the relevant Ministers under section 57H:
      1. if the overseas investment in fishing quota is a transaction of national interest, the Minister has not declined consent to the transaction (see section 20C of the Overseas Investment Act 2005):
        1. the interest in fishing quota is capable of being registered in the Quota Register or the Annual Catch Entitlement Register.

          Notes
          • Section 57G: replaced, on , by section 38 of the Overseas Investment Amendment Act 2021 (2021 No 17).