Overseas Investment Regulations 2005

Part 1 Consent

Procedure for offering farm land or section 12 interests for acquisition on open market

Heading: amended, on 24 November 2021, by regulation 6 of the Overseas Investment Amendment Regulations 2021 (LI 2021/170).

4 Purpose of regulations 5 to 10

The purpose of regulations 5 to 10 is to—

(a)

prescribe, for the purposes of the criterion in section 16(1)(f) of the Act, the procedure for offering the farm land or section 12 interest for acquisition on the open market to persons who are not overseas persons; and

(b)

ensure that persons who are not overseas persons but who wish to acquire the farm land or section 12 interest have reasonable notice that it is available for acquisition.

Regulation 4(a): amended, on 24 November 2021, by regulation 7(1) of the Overseas Investment Amendment Regulations 2021 (LI 2021/170).

Regulation 4(b): amended, on 24 November 2021, by regulation 7(2)(a) of the Overseas Investment Amendment Regulations 2021 (LI 2021/170).

Regulation 4(b): amended, on 24 November 2021, by regulation 7(2)(b) of the Overseas Investment Amendment Regulations 2021 (LI 2021/170).