Australia lowered screening threshold for investment from New Zealand by introducing the bilateral protocol on investment
01 Mar 2013
On 1 March 2013, the Protocol on Investment to the Australia-New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) entered into effect. It had been signed on 16 February 2011. Among other provisions, the Protocol increases the threshold that triggers inward investment screening procedures by private investors from the respective treaty partner: Private investors from New Zealand undertaking business acquisitions henceforth benefit from the higher screening threshold of AUD 1,078 million (indexed annually), up from AUD 248 million; this lower amount still applies to investors from all other countries except the United States. The lower threshold also continues to apply for New Zealand investments in sensitive sectors. In return, Australian investors benefit from higher thresholds that trigger investment reviews in New Zealand (NZD 477 million), whereas investments in New Zealand by investors from all other countries, face reviews for proposals worth NZD 100 million or more.
Nature of measure:
Type:
-
Entry and establishment (Approval and admission - other)
Industry:
Inward FDI:
No
Outward FDI:
No
Sources:
