New Zealand Legislation: Regulations

28 Other factors for assessing benefit of overseas investment in sensitive land

• The other factors that are referred to in section 17(2)(g) of the Act for assessing whether an overseas investment in sensitive land will, or is likely to, benefit New Zealand are as follows:

  • (a) whether the overseas investment will, or is likely to, result in other consequential benefits to New Zealand (whether tangible or intangible benefits (such as, for example, additional investments in New Zealand or sponsorship of community projects)):

  • (b) whether the relevant overseas person is a key person in a key industry of a country with which New Zealand will, or is likely to, benefit from having improved relations:

  • (c) whether refusing the application for consent will, or is likely to,—

    • (i) adversely affect New Zealand’s image overseas or its trade or international relations:

    • (ii) result in New Zealand breaching any of its international obligations:

  • (d) whether granting the application for consent will, or is likely to, result in the owner of the relevant land undertaking other significant investment in New Zealand:

  • (e) whether the relevant overseas person has previously undertaken investments that have been, or are, of benefit to New Zealand:

  • (f) whether the overseas investment will, or is likely to, give effect to or advance a significant Government policy or strategy:

  • (g) whether the overseas investment will, or is likely to, enhance the ongoing viability of other overseas investments undertaken by the relevant overseas person:

  • (h) whether the overseas investment will, or is likely to, assist New Zealand to maintain New Zealand control of strategically important infrastructure on sensitive land.

  Regulation 28(h): added, on 4 March 2008, by regulation 5 of the Overseas Investment Amendment Regulations 2008 (SR 2008/48).