New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 29 November 2010
| Public Act | 2005 No 82 |
| Date of assent | 21 June 2005 |
| Commencement | see section 2 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.
A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.
This Act is administered by the Treasury.
5 Act incorporates sections 56 to 58B of Fisheries Act 1996
8 Meaning of associate and associated land
Part 2
Consent and conditions regime
Subpart 1—When consent required and criteria for consent
10 Consent required for overseas investments in sensitive New Zealand assets
11 Consent must be obtained before overseas investment given effect
What are overseas investments in sensitive New Zealand assets
12 What are overseas investments in sensitive land
13 What are overseas investments in significant business assets
14 Approach to criteria for consent
15 Who are relevant overseas persons, and individuals with control, for overseas investments
16 Criteria for consent for overseas investments in sensitive land
17 Factors for assessing benefit of overseas investments in sensitive land
18 Criteria for overseas investments in significant business assets
19 Applying good character and Immigration Act 2009 criteria
20 Exemptions from farm land offer criterion
Subpart 2—Procedure for making an application for consent and for granting consent
23 Requirements for application for consent
25 Granting or refusal of consent
26 Minister may revoke consent in case of fraud
27 Consent may be varied by agreement
29 Transaction may be cancelled
32 Delegation by relevant Minister or Ministers
33 Rules that apply to delegation under this Act or regulations
34 Ministerial directive letter
35 Ministerial directive letter must be published, etc
36 Regulator may issue guidelines
37 Regulator must keep list of reserves, parks, and other sensitive areas
38 Regulator may require consent holder to provide information for monitoring purposes
39 Regulator may require any person to provide information for statistical or monitoring purposes
40 Regulator may require consent holder to provide statutory declaration as to compliance
41 Regulator may require information and documents for purpose of detecting offences
42 Offence of giving effect to overseas investment without consent
43 Offence of defeating, evading, or circumventing operation of Act
44 Offence of resisting, obstructing, or deceiving
45 Offence of failing to comply with notice, requirement, or condition
46 Offence of false or misleading statement or omission
47 Court may order disposal of property
48 Court may order person in breach to pay civil penalty
49 Court may order mortgage to be registered over land
50 Court may order interest to be paid
51 Court may order consent holder to comply with condition of consent or exemption
52 Administrative penalties for late filing
53 Administrative penalty for retrospective consent
55 Non-appearance not ground for court to refuse order under Act if consent holder served at address for service
57 Form and content of search warrant
58 Powers conferred by search warrant
59 Requirements when executing search warrant
60 Disposal of things seized under search warrant
Subpart 6—Miscellaneous provisions
62 Foreshore, seabed, riverbed, or lakebed acquired by the Crown under consent process is not subdivision
Subpart 7—Transitional provisions and amendments to other enactments
64 Assets and liabilities vest in the Crown
65 No compensation for loss of office
67 Transferring employee must be employed in equivalent employment
69 No compensation for technical redundancy
Amendments to Fisheries Act 1996
73 New sections 56 to 58B substituted in Fisheries Act 1996
Amendment to Te Ture Whenua Maori Act 1993
74 Amendment to Te Ture Whenua Maori Act 1993
77 Transitional provision for acts done or begun under previous overseas investment regime
78 Transitional provision for consents, exemptions, and conditions under 1973 Act and Regulations
79 Transitional provision for permissions, etc, under Fisheries Act 1996
