Forestry cutting rights to be added to overseas investment regime ahead of CPTPP signing

Tue, 06 Mar 2018

By Rebecca Howard March 7 (BusinessDesk) - The government is adding forestry rights to the Overseas Investment Act screening regime ahead of this week's signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in Chile, preserving its right to legislate on the issue using the same carve-out as residential property. Ministers are finalising the details and it will then be referred to a select committee with a short period for public consideration, Associate Finance Minister David Parker said in a statement. Add...

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