New overseas investment rules inject billions into local economy

The Government’s work to boost overseas investment and remove barriers to doing business with New Zealand is delivering billions for the local economy and Kiwi businesses, Associate Finance Minister David Seymour and Immigration Minister Erica Stanford says.
Starting today, many decisions under the Overseas Investment Act will be made in under 15 working days, with a target of five, thanks to a new two-track system, Mr Seymour says.
“These changes build on major success speeding up consenting under the old law. Since our Government was elected, we’ve reduced the average processing time by 60 per cent, from 71 working days to 28.

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