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10 Dec 2019 7:56
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  •   Home > News > Politics

    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.

    © 2019 Newstalk ZB, NZCity


     Other Politics News
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     09 Dec: Wellington's regional council is proposing a raft of changes to fix the city's troubled bus network
     09 Dec: Workers are out at the most sodden areas of the South Island, trying to get communication lines back up and running
     09 Dec: UK election: Female abuse survivors are coming for seats held by men accused of misconduct
     08 Dec: The Prime Minister's confirmed Civil Defence minister Peeni Henare will head to the South Island this afternoon to assess the damage
     08 Dec: Support for improved diversity in DHB governance
     07 Dec: Tamaki MP Simon O'Connor says the turnout at today's March for Life shows that New Zealanders are waking up to the major changes around life issues
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