Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


NZ wide open to massive land grab

18 December 2009

NZ wide open to massive land grab

New Zealand needs to tighten its rules around overseas investment as China and the Gulf States go on a world-wide shopping spree for prime land, said Green Party Co-Leader Dr Russel Norman.

Dr Norman is concerned by news reports of a proposed deal involving a New Zealand buyer acting as a proxy for a subsidiary of the Dubai Government, which involves thousands of hectares of South Island farmland.

“The Overseas Investment Act needs to be strengthened to protect New Zealand’s sovereignty. We must ensure we pick up any attempt to use proxies to avoid the intent of the Act,” said Dr Norman.

“Overseas interests will be looking to buy New Zealand’s agricultural land due to the long-term strategic value of such purchases - we need the Overseas Investment Office to be scrutinising these deals.”

The Green Party believes a National Interest Analysis should be required under the Overseas Investment Act for all foreign investment proposals involving land and marine farms.

“Should overseas interests buy up large chunks of New Zealand’s primary production we risk losing sovereignty.

“The present Government should stop trying to weaken our already loose rules regarding overseas investment.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Failing To Prepare For Either Mental Health Needs, Or Covid Outbreaks

In a week when the Covid scare in Wellington and the national crisis in mental health both hit the headlines, they also seemed like mirror images of each other – in that we seem equally ill-prepared on both fronts. In both cases, contingency planning has seeds next to non-existent... More>>


National: Minister Little All Out Of Answers On Mental Health

In Parliament today Health Minister Andrew Little had few answers to my questions on the mental health crisis Labour has allowed to balloon in their nearly four years in Government, National’s Mental Health spokesperson Matt Doocey says... More>>


Environment: Bringing Back The Health Of Hauraki Gulf

New marine protection areas and restrictions on fishing are among a raft of changes being put in place to protect the Hauraki Gulf for future generations.
The new strategy, Revitalising the Gulf – Government action on the Sea Change Plan, released today... More>>


NZ First Returns: Winston Peters - AGM Address

Ladies and gentlemen, it’s a pleasure to be in Auckland for the 28th New Zealand First Party Conference. It is our intention and mission to remain the most successful political party outside of National and Labour in the last three decades... More>>

Government: New Members Appointed To Waitangi Tribunal

Minister for Māori Development, Hon Willie Jackson, today announced the appointment of three new members to the Waitangi Tribunal and the reappointment of one existing member to the Waitangi Tribunal... More>>

NZNO: Nurses Reject DHB Offer And Confirm Strike Action

The New Zealand Nurses Organisation says its 30,000 members who work in DHBs have voted overwhelmingly to reject a second offer in their current round of multi-employer collective agreement (MECA) negotiations... More>>





InfoPages News Channels