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9 Jul 2020 11:28
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  •   Home > News > Business

    The government says changes to the Overseas Investment Act aren't designed to block foreign investment

    The government says changes to the Overseas Investment Act aren't designed to block foreign investment


    Auckland Airport
    Auckland Airport
    The government's announced its tightening up foreign investment rules - allowing it to veto investments in companies it believes are critical to security or democracy.

    Associate Finance Minister David Parker says it would only be used rarely - and there's a lot for investors to like about the reforms too.

    He says they're deregulating other parts of the act such as commercial leases - and putting in a timeframe for decisions to be made.

    © 2020 Newstalk ZB, NZCity


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     09 Jul: The Health Ministry didn't close a central Auckland supermarket visited by a man with Covid-19 ... because he wasn't positive at the time
     09 Jul: The Public Service Association's criticising how Auckland Council dealt with announcing further job losses
     08 Jul: Power is being restored to 25-thousand homes and businesses north of Auckland as stormy weather rocks the region
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