Government to simplify foreign investment rules

17 March 2009

The government is reviewing overseas investment rules to make foreign investment in New Zealand simpler and more attractive, while at the same time protecting sensitive land, assets and resources.

The Minister for Land Information will lead the day to day work on the review of the overseas investment screening regime (the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005). The Treasury will support and provide policy advice to the Minister for Land Information in this role. The Overseas Investment Office will provide support for the review, consistent with its role as the agency with responsibility for operational matters relating to overseas investment screening.

Read the Finance Minister's media release Government to simplify foreign investment rules.