Overseas Investment Office
Encyclopedia
The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into 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
.
as being a 'rubber-stamping
' body doing nothing against increasing foreign control over New Zealand assets.
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 ZealandLand Information New Zealand
Land Information New Zealand is a New Zealand government agency. The current Chief Executive is Colin MacDonald and the current Minister of Land Information is Maurice Williamson.- Nature and scope of functions :...
, 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
Overseas Investment Commission
The Overseas Investment Commission was a New Zealand government agency responsible for regulating foreign direct investment into New Zealand.The Commission was administratively part of the Reserve Bank of New Zealand...
.
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 AotearoaCampaign Against Foreign Control of Aotearoa
The Campaign Against Foreign Control of Aotearoa is a research and lobbying organisation combatting what it considers the sell-out of New Zealand companies and assets to overseas interests.-Economic criticism:...
as being a 'rubber-stamping
Rubber stamp (politics)
A rubber stamp, as a political metaphor, refers to a person or institution with considerable de jure power but little de facto power; one that rarely disagrees with more powerful organs....
' body doing nothing against increasing foreign control over New Zealand assets.
External links
- Overseas Investment Office official website
- Land Information New Zealand official website
- Reserve Bank of New Zealand official website