Export Receipts
Export receipts are a factor under section 17(2)(a)(iii) of the Act. Exports are goods or services of domestic origin which are exported/sold from New Zealand to another country. Exports include the provision of domestic tourist and education services to overseas tourists/visitors to New Zealand.
A New Zealand exporter is anyone whose sales show export receipts in New Zealand Government accounts. While the factor refers to New Zealand exporters (plural), the OIO has interpreted this to mean “one or more exporters”.
The exporter may be the applicant itself.
Report
The OIO requires a report detailing the extent to which the overseas investment will, or is likely to, result in increased export receipts for New Zealand exporters.
The report should detail:
- the increase in export receipts (in dollar and volume terms)
- the products or services that will be sold or rendered to earn those export receipts
- the export destinations
- the likely timeframe in which those exports receipts will be earned
- whether there is likely to be an improved ability for New Zealand exporters to sell goods into a particular export market (for examplethrough providing access to offshore networks and/or improving the distribution and marketing of New Zealand products) and the extent to which that improved ability will, or is likely to, result in increased export receipts for New Zealand exporters
- any uncertainties or contingencies relating to the achievement of the benefit claimed under this factor, and
- what benefits will, or are likely to, accrue to New Zealand (or any part of it) or group of New Zealanders as a result of the increased export receipts.
