Overseas Investment Office

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Overseas Investment Office
Agency overview
Jurisdiction	New Zealand
Headquarters	Radio New Zealand House, 155 The Terrace, Wellington 41°16′53″S 174°46′33″E / 41.281299°S 174.775862°E / -41.281299; 174.775862
Ministers responsible	Hon Bill English, Minister of Finance Hon Jonathan Coleman, Associate Minister of Finance Hon Maurice Williamson, Minister for Land Information Hon Nathan Guy, Minister for Primary Industries
Parent agency	Land Information New Zealand
Website	http://www.linz.govt.nz/overseas-investment/

The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand.

Overview

The Office is responsible for high value investments (2006: NZD $100m+), investments in sensitive land and investments in fishing quota. The Office is part of Land Information New Zealand, the New Zealand Government Agency responsible for survey, land valuation, land titles and mapping. This link recognises that the majority of the Office's work relates to the control of sensitive land. The Office replaces an earlier agency called the Overseas Investment Commission.

Analysis

In 2005, the Overseas Investment Commission (OIC) and its replacement, the Overseas Investment Office (OIO), approved foreign investment totalling $14.3 billion, which was well above the average of $8.8 billion for the previous decade. All but about $3 billion was sales from one overseas company to another.

Criticism

The agency has been accused by groups like the Campaign Against Foreign Control of Aotearoa as being a 'rubber-stamping' body doing nothing against increasing foreign control over New Zealand assets.^[1]

References

↑ Gay, Edward (1 November 2007). "US buyer snaps up Coromandel jewel". The New Zealand Herald. Retrieved 1 November 2011.

External links

v t e New Zealand Public Service Departments

Part of the Public sector organisations in New Zealand

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v t e Economy of New Zealand

History	Black Budget Head tax Industrial Conciliation and Arbitration Act 1894 Wool boom Post Office Squirrel savings account Rogernomics Ruthanasia Whaling

Currency	New Zealand dollar Dollar banknotes twenty Dollar coins one Twenty-cent coin New Zealand pound

Government	New Zealand Trade and Enterprise Official Cash Rate Overseas Investment Office Reserve Bank of New Zealand Taxation

Industry	Australian and New Zealand Standard Industrial Classification Beer Campaign Against Foreign Control of Aotearoa International rankings Kauri gum KiwiSaver Leaky homes crisis Licensing Trust Income Poverty Mortgagee auction New Zealand Business Roundtable The New Zealand Institute Social class Tourism Woodchipping

Agreements	Closer Economic Relations Free trade agreements Malaysia China Trans-Pacific Strategic Economic Partnership

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