Overseas investment reforms pass final stages

National and the Greens fear investment rules will see more farms converted to forestry.

Wed, 19 May 2021

Parliament completed Labour’s reforms of the overseas investment regime last night with a loosening of some of the aspects restricting foreign investment.The passage of the Overseas Investment Amendment Bill (No 3) was the last stage of a process that began in 2018. Then the government stopped overseas residents from purchasing residential homes and freed up some of the rules around the acquisition of forestry.In 2020, the government brought in a number of new provisions including a new national interest test and a new lower threshold to...

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