Government to speed up processing of overseas investment applications, OIO fee hike will lift staff numbers

Thu, 05 May 2016

By Jonathan Underhill May 5 (BusinessDesk) - The government has flagged plans to speed up the overseas investment regime, hiking application fees to allow the Overseas Investment Office to take on more staff and clarifying exemption rules. The changes are the result of a review that started last year and will mean the OIO will be able to assess applications faster while overseas investors will have more certainty, Finance Minister Bill English and Minister for Land Information Louise Upston said in a statement. OIO fees are to increase by...

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