New law to stop foreign raiders picking up cheap New Zealand assets
David Parker says powers of new law will be temporary and reviewed every 90 days.
Brent Edwards
Wed, 13 May 2020
Hot Topic
Rich List
As signalled to NBR earlier this month, the government is going to amend the Overseas Investment Act to protect vulnerable New Zealand assets from foreign takeover.
Associate Finance Minister David Parker said the amendment was about ensuring key assets did not fall unnecessarily into foreign
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Brent Edwards
Wed, 13 May 2020
Contact the Writer: brent@nbr.co.nz
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New law to stop foreign raiders picking up cheap New Zealand assets
Politics,
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