Overseas Investment (Fresh or Seawater Areas and Time Frames) Amendment Regulations 2021

2021/330

Coat of Arms of New Zealand

Overseas Investment (Fresh or Seawater Areas and Time Frames) Amendment Regulations 2021

Cindy Kiro, Governor-General

Order in Council

At Wellington this 26th day of October 2021

Present:
The Right Hon Jacinda Ardern presiding in Council

These regulations are made under sections 37B and 61 and clause 22 of Schedule 5 of the Overseas Investment Act 2005

(a)

on the advice and with the consent of the Executive Council; and

(b)

on the recommendation of the Minister of Finance.

Contents

1Title
2Commencement
3Principal regulations
4Regulation 3 amended (Interpretation)
5Regulations 12 to 26 and cross-heading above regulation 12 replaced
12Interpretation: clauses referred to are clauses of Schedule 5 of Act
13Information that must be contained in application for consent related to Schedule 5 of Act
14Registration of water areas acquisition notice
15Provision to the Crown of water areas acquisition notice that cannot be registered
16Term prescribed for expiry of water areas acquisition notice
17Variation of water areas acquisition notice
18Cancellation of water areas acquisition notice
19Prescribed terms of acquisition
20Water areas covenant
21Last date for giving notice of decision not to acquire under clause 4
22Manner of acquisition: survey requirements
23Process for claiming and determining compensation
24Last date for giving notice of decision not to acquire under clause 5
25Mediation of dispute about compensation for acquisition
6Regulation 29 amended (Special test may be applied and requirements to be met)
7New subpart 5 of Part 3 inserted
69ETime frames relating to applications
69FInformation required in applications for consent
8Schedule 1AA amended
9New Schedule 1 inserted
10Schedule 2 amended
11New Schedule 5 inserted
Explanatory note
Administrative Information