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Overseas Investment Office takes rare prosecution

The prosecution is one of a handful ever taken by the OIO.

Chris Hutching
Thu, 14 Apr 2016

Australian-owned Carbon Conscious New Zealand has been ordered to pay a $40,000 penalty – and more than $6,000 in costs – for breaching the Overseas Investment Act 2005.

It is one of a tiny number of prosecutions ever taken by the OIO.

OIO group manager Annelies McClure says the decision sends a

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Chris Hutching
Thu, 14 Apr 2016
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Overseas Investment Office takes rare prosecution
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