New Zealand Legislation: Acts

15 Who are relevant overseas persons, and individuals with control, for overseas investments

• (1) The relevant Minister or Ministers may determine which 1 or more of the following persons is the relevant overseas person for an overseas investment:

  • (a) the person making the overseas investment (A), whether A is an overseas person or an associate of an overseas person:

  • (b) any associate of A in relation to the overseas investment.

  (2) The relevant Minister or Ministers may determine which 1 or more of the following categories of persons are the individuals with control of the relevant overseas person for an overseas investment:

  • (a) the individual or individuals who each have a 25% or more ownership or control interest in the relevant overseas person:

  • (b) the member or members of the governing body of the relevant overseas person:

  • (c) the individual or body of individuals who the Minister or Ministers consider to have that control (whether directly or indirectly).