This section contains information about the assessment of the likely benefit to New Zealand arising from the factor relating to key person in key industries.
Whether the relevant overseas person is a key person in a key industry of a country with which New Zealand will, or is likely to, benefit from having improved relations (r28(b))?
Key elements of this factor
There are three key elements to this factor:
- The relevant overseas person is or includes a key person in an industry.
- The industry must be a key industry of a country (other than New Zealand).
- The country must be a country with which New Zealand will, or is likely to, benefit from having improved relations.
This factor is not relevant to most overseas investments and it is unusual for it to be met.
The key person may be an individual or an entity. The key person should be of high standing and influence in an industry and their involvement in such industry must be more than as a regular, or even prominent, player.
It may be difficult to meet this factor if the key person is already operating in New Zealand (that is, where the benefits associated with a person’s market position or influence is already occurring).
The industry must be a key industry of a country other than New Zealand. For example, mining is a key industry of Australia.
The relevant country must be a country with which New Zealand will, or is likely to, benefit from having improved relations. One way to demonstrate this is by reference to a Government strategy seeking to improve relations with that country.
Making a claim
Provide the following information when making a claim under this factor:
- Key Person:
The identity of the key person and evidence of their level of involvement in the industry (including how they will be in a position to improve relations with New Zealand).
- Key Industry:
The industry that the person is involved in, the relevant country that the industry is a key industry of and evidence that the industry is a key industry of that country.
- Improved Relations:
Evidence that the country is a country with which New Zealand is likely to benefit from having improved relations.
The key person’s involvement in New Zealand without the overseas investment.
An applicant should include sufficient evidence to show that each element of this factor is met.