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7 Dec 2019 5:18
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  •   Home > News > Politics

    The Government will have new powers to assess foreign sales of sensitive and high risk assets

    The Government will have new powers to assess foreign sales of sensitive and high risk assets


    A national interest test will be brought in through phase two of its Overseas Investment Act reforms.

    Associate Finance Minister David Parker says the Crown should have a say on whether things like airports, lines companies, or water providers ... should only be sold to Kiwi companies.

    He says at the moment there's no way to turn down foreign purchases - as long as the buyer's not corrupt and can manage the investment.

    © 2019 Newstalk ZB, NZCity


     Other Politics News
     06 Dec: Pharmac says it welcomes a joint inquiry into four deaths - which have all been linked to the anti-epileptic drug, Logem
     06 Dec: The Prime Minister's been confronted by a group of gun-owning protesters at an Auckland school
     06 Dec: New bank restrictions could push the thorn of business confidence deeper into the Government's side
     06 Dec: A think-tank says New Zealanders should be able to have their say on a move which will raise the cost of lending
     05 Dec: Samoan families put red flags outside as vaccination teams go door-to-door after measles deaths
     05 Dec: A local government expert says council elections shouldn't hang on a coin toss
     05 Dec: It seems we're getting more organised when it comes to Christmas shopping
     Top Stories

    RUGBY RUGBY
    The All Blacks sevens side has cruised through their pool round unbeaten at the Dubai Sevens More...


    BUSINESS BUSINESS
    West Coast Civil Defence Emergency Management Group and Westland District Council are closely monitoringtroads and rivers with heavy rain continuing to batter the region More...



     Today's News

    Rugby:
    The All Blacks sevens side has cruised through their pool round unbeaten at the Dubai Sevens 5:06

    Accident and Emergency:
    Three people have died and two more are critically injured after a crash in Kaikoura 21:57

    Entertainment:
    Lionel Richie has "accepted" his daughter Sofia Richie's relationship with Scott Disick 21:47

    Entertainment:
    Ashley Graham has undergone a "rollercoaster of emotions" over her pregnancy figure 21:17

    Accident and Emergency:
    A 70-year-old Australian man has died after a fall on a section of the Routeburn Track today 21:17

    Entertainment:
    Lea Michele's husband gave her a "wedding survival guide" for Christmas last year 20:47

    Entertainment:
    Jason Momoa has promised to send Chris Pratt a case of his canned water after calling out the 'Jurassic World' actor for posing with a plastic bottle 20:17

    Entertainment:
    Mena Massoud hasn't had an audition since his starring role in 'Aladdin' 19:47

    Entertainment:
    Justin Hartley's estranged wife has listed their separation date as almost five months later than the actor had claimed 19:17

    Business:
    West Coast Civil Defence Emergency Management Group and Westland District Council are closely monitoringtroads and rivers with heavy rain continuing to batter the region 18:57


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