Overseas Investment Act 2005

Public Act2005 No 82
Date of assent21 June 2005
Commencementsee section 2
1 Title
2 Commencement
  • (1) This Act comes into force on a date to be appointed by the Governor-General by Order in Council.

    (2) One or more Orders in Council may be made appointing different dates for the commencement of different provisions.

    Section 2: Overseas Investment Act 2005 brought into force, on 25 August 2005, by the Overseas Investment Act Commencement Order 2005 (SR 2005/219).

Part 2
Consent and conditions regime

Subpart 7Transitional provisions and amendments to other enactments

Amendments to Fisheries Act 1996

73 New sections 56 to 58B substituted in Fisheries Act 1996
  • Amendment(s) incorporated in the Act(s).

Transitional provisions

76 Repeal and revocations
  • (1) In this section and in the rest of this subpart,—

    1973 Act means the Overseas Investment Act 1973

    Regulations means the Overseas Investment Regulations 1995.

    (2) The 1973 Act is repealed and the Regulations and the Overseas Investment Exemption Notice 2001 are revoked.

77 Transitional provision for acts done or begun under previous overseas investment regime
  • (1) In this section, the 1973 Act, the Regulations, sections 56 to 58 of the Fisheries Act 1996, and section 152(3) of Te Ture Whenua Maori Act 1993, as they were in force immediately before the commencement of sections 73, 74, and 76, are called the previous regime.

    (2) The previous regime continues to have effect as if it had not been replaced by this Act (subject to section 71) for the purpose of—

    • (a) investigating any offence under or breach of the previous regime committed before the commencement of this section (commencement), commencing or completing proceedings for the offence or breach, or imposing a penalty or other remedy for the offence or breach:

    • (b) considering and determining any application for consent or exemption under the Regulations that is made before commencement or that relates to a transaction entered into before commencement:

    • (c) considering and determining any application for a declaration under section 56(2), or a permission under section 57, of the Fisheries Act 1996 that is made before commencement or that relates to a transaction entered into before commencement:

    • (d) considering and determining an application for confirmation of an alienation under section 152(3) of Te Ture Whenua Maori Act 1993:

    • (e) completing any proceedings commenced under the previous regime before commencement.

79 Transitional provision for permissions, etc, under Fisheries Act 1996
  • (1) This section applies to permissions granted under section 28Z(9) of the Fisheries Act 1983 or under section 57(3) of the Fisheries Act 1996, and conditions of those permissions, that are in effect immediately before the commencement of section 73 or that are granted after that commencement by virtue of section 77(2).

    (2) Those permissions and conditions must be treated as if they were consents granted and conditions applied under this Act.

    (3) However, regulation 14(2) of the Regulations, as in force immediately before the commencement of section 76, continues to apply to those permissions and conditions of those permissions.