New Zealand

New Zealand

Overseas Investment Amendment Act 2021

24 May 2021

New Zealand adopted on 24 May 2021, the Overseas Investment Amendment Act 2021, which introduces changes to the Overseas Investment Act 2005. The changes, inter alia, remove the need for consent from the Overseas Investment Office for lower risk transactions, introduce a better management system for higher risk transactions and assets of significance to New Zealanders, and simplify application requirements for overseas investors.