BusinessNZ: More change needed to ease overseas investment

Associate finance minister David Seymour has issued a new directive letter to Linz. (Image: Getty)

Thu, 06 Jun 2024

A new ministerial directive letter telling Land Information New Zealand (Linz) to speed up the consent processing time frames is a good start but “more, fundamental change is needed”, says BusinessNZ chief executive Kirk Hope."New Zealand currently has one of the most restrictive regimes in the OECD when it comes to overseas investment, and attempts at creating a more welcoming environment are to be commended," he said."But we need to address the wider issue of an Overseas Investment Act and associated regulations whi...

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