Overseas Investment Office engages early to weed out applications

Wed, 10 Apr 2019

By Paul McBeth April 11 (BusinessDesk) - The Overseas Investment Office says it is engaging with interested investors before a formal application is lodged to weed out doubtful transactions. The office is using pre-application meetings with overseas investors to discuss what information it requires, and a triage process where senior staffers effectively vet applications before they're accepted for assessment, Land Information New Zealand acting chief executive Lisa Barrett told parliament's finance and expenditure committee yesterday. ...

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