New Zealand Legislation: Acts

56 Purpose of overseas investment fishing provisions

• The purpose of the overseas investment fishing provisions is to acknowledge that it is a privilege for overseas persons to own or control interests in fishing quota by—

  • (a) requiring overseas investments in fishing quota, before being made, to meet criteria for consent; and

  • (b) imposing conditions on those overseas investments.

  Section 56: substituted, on 25 August 2005, by section 73 of the Overseas Investment Act 2005 (2005 No 82).