Overseas Investment Office
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The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand.
[edit] 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.
[edit] 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.
[edit] External links
- Overseas Investment Office official website
- Land Information New Zealand official website
- Reserve Bank of New Zealand official website
