Schedule of Application Fees
Fees vary according to the type of application and whether the decision will be made by the relevant Minister or the Overseas Investment Office (OIO). Here the OIO reproduces all the fees as detailed in Schedule 2 of the Overseas Investment Regulations 2005, including administrative and other fees.
On this page:
- Quick information on fees
- About application fees
- Retrospective consents
- Fee Schedule
The majority of applications are of the following types:
- consent for a land transaction decided by the relevant Ministers - $22,488.89 or
- consent for a land transaction decided by the Regulator (OIO) under delegation - $19,524.44 or
- consent for significant business assets transaction decided by the Regulator under delegation - $13,186.67.
Fees and charges (see Regulation 29 of the Overseas Investment Regulations 2005) are detailed in Schedule 2 of the Regulations. Fees and charges for land and significant business asset decisions were increased as from 3 September 2009 to enable the Regulator to fully recover its costs. Changes were also made to some fees to rationalise the charging structure. The fees and charges detailed in Schedule 2 of the Regulations are inclusive of Goods and Services Tax (GST) at 12.5% and do not incorporate the 2.5% increase in GST (to 15%) that applied as from 1 October 2012. The tables below set out the fees and charges inclusive of 15% GST.
Fees are determined by the sensitive asset type for which consent is being sought (for example, sensitive land, significant business assets, or fishing quota), the type of transaction (for example, consent, variation, or exemption), and whether the decision is ministerial or delegated. Read the Ministers' current Designation and Delegation Letter (pdf 1.1MB).
If consent to acquire more than one sensitive asset type is being sought simultaneously, for example, an acquisition of significant business assets which also includes the acquisition of sensitive land, then the fee for the land decision applies - $22,488.89 (Ministerial decision) or $19,524.44 (delegated decision).
An application for consent must be accompanied by the relevant fee - see section 23(1)(f) of the Overseas Investment Act 2005 and Regulation 30 of the Regulations. Neither the Regulator nor the relevant Ministers can grant consent without the application fee first having being paid. The OIO does not have the power to refund application fees.
It is possible under section 25(1)(f) of the Act for retrospective consent to be granted. Under section 53 of the Act, the Regulator may require the applicant for a retrospective consent to pay a penalty before the consent is granted. Regulation 32 of the Regulations states that the applicant may be required to pay an administrative penalty of up to $20,000 in addition to the consent fee. Regulation 32 sets out the matters the Regulator must have regard to in determining the administrative penalty.
Where retrospective consent is applied for, the relevant consent fee (as set out in the fee schedule below) must be paid at the time the application is filed. The Regulator will then notify the applicant of the amount of the administrative penalty that is payable before retrospective consent is granted.
The following tables detail the fees and charges effective from 1 October 2010.
This table shows the fees for applications relating to overseas investments in sensitive land.
|Consent applications determined by the Regulator||19,524.44|
Consent applications determined by relevant Ministers
Each consent following the above type of initial consent
Variation of consent/consent conditions determined by the Regulator
Variation of consent/consent conditions determined by relevant Ministers
|Exemption by the Regulator under Regulation 37||13,391.11|
Exemption by the relevant Ministers under Regulation 37
This table shows the fees for applications relating to overseas investments in significant business assets.
|Consent for a transaction||13,186.67|
Variation of consent or conditions of consent
Exemption under Regulation 37
This table shows the fees for applications relating to overseas investments in fishing quota.
|Consent for a transaction||36,800|
This table shows the fees for other applications.
|Exemption from the requirement to obtain consent by addition of portfolio investors to Schedule 3 of the Regulations||10,733.33|
Monitoring compliance with conditions of exemption for each 12 month period following addition to Schedule 3 of the Regulations
Exemption from the requirement to obtain consent by addition of New Zealand Controlled persons to Schedule 4 of the Regulations
|Monitoring compliance with conditions of exemption for each 12 month period following addition to Schedule 4 of the Regulations||10,017.78|
This table shows the fees for administrative and information services.
|Request for provision of information or services||167.64 per hour|