OIO rejects poor quality applications, beefs up team to speed up process

Fri, 01 Apr 2016

By Paul McBeth April 1 (BusinessDesk) - The Overseas Investment Office, the unit of Land Information New Zealand that assesses foreign investment, is taking a harder line in rejecting applications that need more work and has expanded its team in an effort to speed up the process for potential offshore investors. So far this financial year the office has sent back a quarter of applications to potential investors saying they didn't meet the required standard, up from 14 percent in the year ended June 30, 2015, and just 6 percent the year b...

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