Emergency overseas investment rules ditched

David Parker says his emergency overseas investment regime is no longer needed.

Tue, 25 May 2021

Strict overseas investment rules brought in as the covid pandemic hit are to be lifted.Associate finance minister David Parker said the temporary powers had been little used and the healthier economic outlook meant they would end on June 7.The emergency notification regime was introduced in mid-2020.Ministers then feared businesses stressed by covid and border closures could be forced into fire sales putting at risk the national interest and opportunities to recover from the initial shock.Finance minister Grant Robertson, foreign affairs Minist...

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