- Overseas Investment Office
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Overseas Investment Office Agency overview Jurisdiction New Zealand Headquarters Lambton House, 160 Lambton Quay, Wellington
41°16′53″S 174°46′33″E / 41.281299°S 174.775862°EMinister responsible Maurice Williamson , Minister for Land Information Parent agency Land Information New Zealand Website http://www.linz.govt.nz/overseas-investment/ The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand.
Contents
Overview
The Office is responsible for high value investments (2006: NZD $100m+), investments in sensitive land and investments in fishing quota. The Office is part of Land Information New Zealand, the New Zealand Government Agency responsible for survey, land valuation, land titles and mapping. This link recognises that the majority of the Office's work relates to the control of sensitive land. The Office replaces an earlier agency called the Overseas Investment Commission.
Analysis
In 2005, the Overseas Investment Commission (OIC) and its replacement, the Overseas Investment Office (OIO), approved foreign investment totalling $14.3 billion, which was well above the average of $8.8 billion for the previous decade. All but about $3 billion was sales from one overseas company to another.
Criticism
The agency has been accused by groups like the Campaign Against Foreign Control of Aotearoa as being a 'rubber-stamping' body doing nothing against increasing foreign control over New Zealand assets.[1]
References
- ^ Gay, Edward (1 November 2007). "US buyer snaps up Coromandel jewel". The New Zealand Herald. http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10473472. Retrieved 1 November 2011.
External links
- Overseas Investment Office official website
- Land Information New Zealand official website
- Reserve Bank of New Zealand official website
Economy of New Zealand Economic history Currency New Zealand 20 cent coin • New Zealand twenty dollar note • Banknotes of the New Zealand dollar • Coins of the New Zealand dollar • New Zealand dollar • New Zealand one dollar coin • New Zealand poundGovernment New Zealand Trade and Enterprise • Official Cash Rate • Overseas Investment Office • Reserve Bank of New Zealand • TaxationIndustry Australian and New Zealand Standard Industrial Classification • Beer in New Zealand • Campaign Against Foreign Control of Aotearoa • International rankings of New Zealand • Kauri gum • KiwiSaver • Leaky homes crisis • Licensing Trust • Median household income in Australia and New Zealand • Mortgagee auction • New Zealand Business Roundtable • The New Zealand Institute • Social class in New Zealand • Tourism in New Zealand • WoodchippingAgreements Closer Economic Relations • New Zealand – Malaysia Free Trade Agreement • New Zealand free trade agreements • New Zealand – China Free Trade Agreement • Trans-Pacific Strategic Economic PartnershipCategories:- Government agencies of New Zealand
- Economy of New Zealand
- Investment
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