Parliament rejects move to free up overseas investment rules
Damien Smith says New Zealand needs more foreign investment to help economy grow.
Act’s associate finance spokesperson Damien Smith speaks with Brent Edwards
An Act Party attempt to free up New Zealand’s overseas investment rules has failed at its first hurdle.
The Overseas Investment (Exempt Investment from OECD Countries) Amendment Bill was defeated 77 votes to 43 in its first reading last night. That means the Member’s Bill put forward by Act
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