Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


OIO approval process is a sham

OIO approval process is a sham

"New Zealanders who think that the OIO approval process is needed should look at the record." said ACT Leader Jamie Whyte

"The requirement that the sale must provide a benefit to New Zealand greater than occurs when a New Zealander buys a farm is usually met by the owners with a symbolic gesture of tree planting or a similar beads and blanket type gesture to any Maoris who claim a spiritual link to the land.

"The process is also open to abuse by Government Ministers and has been. In return for granting approval for Sheng Peng to purchase the Crafer Farms, the Government required them to contract the Government’s own farming company Landcorp to sharemilk the farms. This meant private sharemilkers were put off the farms in a move that is anti-competitive, at least, and corrupt practice at worst.

"Foreign ownership seems only ever to be a problem when the buyers are Chinese. Fletcher Residential is prominent in the purchase of land for housing development. Fletcher Residential is a foreign owned company. The profits from developing this land are taken offshore yet because it is not to China no one has raised any concerns.

"Having to go through the sham process of the OIO puts more cost on Fletcher Residential for no benefit and ends up costing New Zealand home buyers.

"The Government and thinking people know that foreign investment is a good thing and the OIO process seeks to give the impression that some restrictions to it apply. The reality is quite different.

"ACT wants more honesty in the process, and has called for the removal of restrictions on land sales to foreigners. They serve no purpose, other than give false comfort to xenophobes." said Jamie Whyte


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>




Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>


Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>


Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>


(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>






Featured InfoPages

Opening the Election