This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on the day after their notification in the Gazette, amend the Overseas Investment Regulations 2005.
The amendments remove the definition of Minister, which referred to the Minister of Conservation. The term Minister is replaced throughout the regulations with relevant Ministers, a term defined in the Overseas Investment Act 2005.
Schedule 3 is amended by regulation 15 to omit—
•Asteron Retirement Investment Limited; and
•Australia Reinsurance Company Limited; and
•J. P. Morgan Securities New Zealand Limited; and
•The Colonial Mutual Life Assurance Society Limited; and
•The New Zealand Refining Nominees Limited.
Schedule 3 is also amended by replacing
“Citicorp New Zealand Limited” with
“Citicorp Services Limited”.
Schedule 4 is amended by regulation 16 to omit
“Waste Management N.Z. Limited”.
A transitional provision is included so that notices or offers relating to special land for which there has not been a Crown decision before these regulations commence are decided by the relevant Ministers rather than the Minister of Conservation as before.