Overseas Investment Office Database
In this section...
- Statement of Intent Homepage 2007/08
- Minister's foreword
- Chief Executive's overview
- Statement of responsibility
- Strategic direction
- Introduction
- Our strategic context
- The outcomes we want for land management and land information
- Our key priorities 2006-2009
- Introduction
- High Country Policy
- Establishing the Geospatial Office
- Regulatory interventions review
- Supporting the 2007 Electoral Representation Commission
- Landonline 100% e-Lodgement programme and associated projects
- Hydrographic Data Infrastructure (HDI)
- Topographic 1:50,000 Map Series
- Overseas Investment Office database
- Risk management
- Focusing on our future capability
- Forecast financial statements
- Appendices
- Contact details
Why the Overseas Investment Office database is a priority
The Overseas Investment Office administers the Overseas Investment Act 2005, which both encourages ongoing economic growth and transformation and protects New Zealand's unique assets and resources.
When assessing overseas applications on the basis of benefit to the whole of New Zealand, this new legislation requires the Overseas Investment Office to:
- seek assurance on the accuracy of information received from applicants
- seek evidence to support the application, and verify that information with others knowledgeable about the application
- advise Ministers on investment proposals, and
- monitor compliance with conditions of approval, consent or exemptions granted.
The Overseas Investment Office also compiles and keeps records on applications.
This increased breadth of activity means that the Office now needs new capability and new skills not previously required. To assist with this, the Office is developing a new database application that allows easier recording and monitoring of information. The application will be available for use in 2007/08.
Contribution to shared outcomes
This database application will ensure that overseas investment decisions deliver economic and environmental benefits to New Zealanders or a group of New Zealanders. It will also support the appropriate governance arrangements around the overseas investment regime.
Activities
The development, testing and implementation of a new database.
