For updates to services and requirements in response to Cyclone Gabrielle see: Extension to reporting deadlines for overseas investment consent holders affected by Cyclone Gabrielle.
You must comply with the conditions of your consent
The Act recognises it is a privilege for overseas persons to invest in sensitive New Zealand assets and allows the regulator to impose conditions to ensure the promised benefits of an investment, on which the decision to grant consent was based, are delivered.
You must comply with the conditions of your consent. Failure to do so is an offence under the Act and can result in significant fines or penalties, and/or forced disposal of the investment.
See the enforcement section for more information on possible action for failure to comply with consent conditions.
Reporting on progress meeting your consent conditions
We monitor compliance with consent conditions by, amongst other things, requiring consent holders to submit consent monitoring reports outlining progress made against consent conditions.
Importance of filing your consent monitoring report on time
Your consent will specify the timeframe for filing your consent monitoring reports.
It is important that you file your reports on time because late filing may incur an administrative penalty.
Completing your consent monitoring report
To complete your report:
- download the consent monitoring report template (note that this template may change, so you should download it each time you need to submit a report)
- review the guidance in each section and supply us with the required information
- be concise and write in plain English
- add tables, diagrams, maps and schedules as appendices to your report rather than inserting within the document.
Importance of complete and truthful information
Please ensure the information you provide in your report is complete, clear, accurate and truthful, and specifically addresses your progress in meeting consent conditions. Providing false or misleading information to the regulator is an offence which carries significant fines / penalties.
Formatting your report
You should format your report as a PDF, unless we advise otherwise. Make sure your report is:
- free from security restrictions
- in colour (if the document contains colour).
If your report is scanned, it should be scanned at 300 dpi and with optical character recognition so all text in the document can be copied.
Submitting your report
Submit your report electronically using one of the following options.
- Online submission; or
- Email to OIOmonitoring@linz.govt.nz (maximum 10Mb).
Do not send a hard copy of your report.
If we need more information after reviewing your report, we will ask you for it.
Contact us if you have any questions about the requirements of your consent or completing your consent monitoring report.
Contact the Overseas Investment Office
What to do if there are exceptional circumstances preventing your compliance with consent conditions
As the regulator, we expect consent holders to meet their consent conditions. However, there may be times when exceptional circumstances prevent you from being able to meet a condition (for example COVID-19 related delays, flood damage, material shortages etc).
In such situations, we strongly encourage you to contact us promptly to work though possible solutions (such as seeking a variation of the consent to extend a condition timeframe). We will endeavour to take a reasonable and pragmatic approach to reach a workable outcome.