Press Release – New Zealand Government 19 May 2021 New Zealands most strategically important assets will be protected from sales to overseas buyers that would be contrary to our national interests under a law that passed its third reading in Parliament today. Associate Finance Minister …
19 May 2021
New Zealand’s most strategically important assets will be protected from sales to overseas buyers that would be contrary to our national interests under a law that passed its third reading in Parliament today.
Associate Finance Minister David Parker said the Overseas Investment Amendment Bill (No 3) was a significant milestone and the final step in the Government’s wide scale reforms to our overseas investment rules.
Thursday, 20 May 2021, 5:08 am
19 May 2021
New Zealand’s most strategically
important assets will be protected from sales to overseas
buyers that would be contrary to our national interests
under a law that passed its third reading in Parliament
today.
Associate Finance Minister David Parker said
the Overseas Investment Amendment Bill (No 3) was a
significant milestone and the final step in the
Government’s wide scale reforms to our overseas investment
rules.
“As well as protecting our strategic assets
it also ensures we are not imposing unnecessary hurdles on
low risk investments that will support our economic
recovery,” David Parker said.
“The Overseas
Community Scoop » Overseas Investment Reform Protects Strategically Important Assets scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.