Overseas Investment Act: Update on Changes
Attend and receive an update on the most recent changes to the Overseas Investment Act including the new “national interest” test, changes to “overseas person” Investor test” and the ways that the OIO application process is being streamlined. WEB215NZA03
Description
Attend and earn 1 CPD hour
Overseas Investment Act Changes
The Overseas Investment (Urgent Measures) Amendment Act 2020 introduced a number of further changes to the OIO regime, and a second tranche of legislative changes is expected to come into force in mid-2021 with the Overseas Investment Amendment Bill (No 3). Attend and analyse the key legislative changes and their wide-reaching implications.
- The new “national interest” test and call-in power
- Changes to the “overseas person” definition and the impact on various corporate structures
- Corporate restructures and the impacts of the Overseas Investment Act (including regulatory exemptions that may apply)
- Changes to the “investor test” and “benefit to New Zealand” test
- Steps being taken to cut red tape and streamline the OIO application process
Presented by Christina Lefever, Principal, Lefever Law
Learning Objective:
- Receive timely updates on the changes to the OIO regime that you need to know.
Presenters
Christina Lefever
Christina is the principal at Lefever Law, a commercial law firm specializing in overseas investment advice and applications. Her experience with the Overseas investment Act consent process includes involvement in over 50 Overseas Investment Office (OIO) applications, including a significant number of applications relating to the agricultural sector (including farming, forestry and horticulture), and OIO applications under the new legislative tests introduced in 2018, including applications under the new streamlined forestry tests, and applications for residential land and property development exemption certificates. She is also a member of the OIO’s Legal Reference Group. Along with a comprehensive knowledge of the Overseas Investment Act and Regulations, Christina understands the practicalities associated with the application process (including applications for variations and exemptions) and the key issues that clients face.