Second round of Overseas Investment Act review juggles competing tensions

Tue, 16 Oct 2018

By Paul McBeth Oct. 16 (BusinessDesk) - The government wants to clear a pathway for investment in productive assets while letting the Crown block investments to protect the national interest. Associate Finance Minister David Parker today released the terms of reference for another reform for the Overseas Investment Act. The paper notes the tension that foreign and domestic stakeholders see the screening regime as too restrictive and too slow, while some see the law as too weak in protecting New Zealand's interests. “In the second phas...

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