This section contains information about the assessment of the likely benefit to New Zealand arising from the factor relating to government policies or strategies.

Whether the overseas investment will, or is likely to, give effect to or advance a significant Government policy or strategy (r28(f))?

Key elements of this factor

There are three key elements to this factor:

  1. The overseas investment must give effect to or advance a specific Government policy or strategy.
  2. The Government policy or strategy must be significant.
  3. The effect or advancement that is likely to result from the overseas investment must be additional to that which is likely to occur without the overseas investment.

Government policy or strategy

The policy or strategy may be either a central or local government policy or strategy and it must be significant.

Give effect to or advance

The overseas investment must give effect to or advance a significant Government policy or strategy in a way that will measurably contribute to the policy or strategy.

An applicant must identify how they intend to give effect to, or advance the strategy in a material or measurable way and provide evidence to support this.

Making a claim

Provide the following information when making a claim under this factor:

  1. Policy or strategy:
    The specific Government policy or strategy that will be given effect to or advanced must be identified. Statements that the Government has a policy to “increase foreign investment” or “increase New Zealand’s wealth” are unlikely to meet the requirements of this factor as they do not identify a specific policy or strategy.
  2. Significance:
    Copies of policy documents, statements and publications that evidence the significance of the policy or strategy.
  3. Effect or advance:
    An explanation as to how the overseas investment will give effect to or advance the policy or strategy.
  4. Counterfactual:
    Whether the policy or strategy will be given effect to or advanced without the overseas investment.
  5. Timeframe:
    When the policy or strategy is likely to be given effect to or advanced.
  6. Uncertainties:
    Anything that may prevent the policy or strategy being given effect to or advanced.

An applicant should include sufficient evidence to show that the significant Government policy or strategy is likely to be given effect to or advanced.

Last Updated: 3 December 2018