Changes to the Overseas Investment Act were passed by Parliament yesterday and all changes are expected to be in force by mid-October. The changes will bring residential land within the scope of New Zealand's overseas investment regime. While forestry rights will also be brought within the regime, there will be new streamlined consent "pathways" for investments in forestry.
The consolidated amendments will be available on the legislation.govt.nz website soon. To find out more about how the changes will affect you, please contact our overseas investment team.
