Road closure – SH 57, Palmerston North
Police advise that SH 57 (Fitzherbert Road East) will be
closed for some time this afternoon as emergency services
respond to a fire.
The road will be closed at Pahiatua
Aokautere Road (the Pahiatua Track) to the south, and SH 3
to the north.
Motorists are advised to take alternate
routes as there will be
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Overseas Investment Rules: New National Interest Test
Associate Finance Minister David Parker said under current Overseas Investment Act rules, assets such as ports and airports, telecommunications infrastructure, electricity and other critical infrastructure are not assessed through a national interest lens.
“We are introducing a number of new powers, consistent with global best practice, to protect New Zealanders’ best interests in such important – often monopoly – assets,” David Parker said.
Responding to concerns about overseas investment in water bottling, the Government will also require consideration of the impact on water quality and sustainability of a water bottling enterprise, when assessing an investment in sensitive land. More>>