This section contains information about the assessment of the likely benefit to New Zealand arising from the factor relating to export receipts.
Will the overseas investment result in, or is it likely to result in, increased export receipts for New Zealand exporters (section 17(2)(a)(iii))?
Key elements of this factor
This factor is relevant where the investment is likely to increase New Zealand’s export income.
There are two key elements to this factor:
- Export receipts must be likely to be increased.
- The increased export receipts that are likely to result from the overseas investment must be additional to those which are likely to occur without the overseas investment.
New Zealand exporters
A New Zealand exporter is a person who exports goods or services from New Zealand. The New Zealand exporter may be the applicant itself, that is, an overseas person.
Exports are goods or services of a domestic origin which are exported to another country. New Zealand exports include the provision of domestic tourist and education services to overseas visitors to New Zealand.
Export receipts for goods should be quoted as the value of the goods at a New Zealand port before export (free on board) in New Zealand dollars (that is the value of the goods in the New Zealand exporter’s Customs documentation). Export receipts for services should be quoted as the value paid for the services.
Making a claim
Provide the following information when making a claim under this factor:
How the investment is likely to result in increased export receipts. For example, an applicant may intend to produce a greater volume of goods which will be exported by a New Zealand exporter (for example, Fonterra) or an applicant may have overseas distribution networks which will allow the applicant to export a greater volume of goods.
Details of the goods or services that are likely to be exported.
The intended export destinations for the goods or services.
The value of export receipts likely to occur with the overseas investment. An applicant should explain how export receipts have been calculated including the volume of goods or services intended to be exported and the value per unit. Where values have been inferred, this should be explained.
- New Zealand Exporter:
The identity or a description of the New Zealand exporter(s).
When the increase in export receipts is likely to occur. If the increased export receipts will be spread over a particular timeframe, specify the financial years over which the increased export receipts will or are likely to occur and the increase for each of those financial years.
The value of export receipts, the volume of exports and the destinations goods or services will be exported to that is likely to occur without the overseas investment.
Any preconditions that may prevent the increased export receipts (for example, consents, approvals etc.).
Conditions of consent
All consents are granted subject to conditions. Consent conditions will generally require consent holders to deliver, and report on, the benefits claimed in their application. The OIO monitors all consents to ensure that conditions are complied with.