Govt dangles simpler foreign investment rules as sweetener for veto power

Tue, 16 Apr 2019

By Paul McBeth April 16 (BusinessDesk) - The government is eyeing the power to veto major foreign investments it deems not in the public interest. That could include sectors as broad as media and finance. Associate Finance Minister David Parker today launched a consultation on proposed changes to the Overseas Investment Act, focused on giving policymakers greater discretion in rejecting potential foreign investments while also stripping out unnecessary complexity that's deterred would-be investors. "This has two aims, cutting some of...

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