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


Consultation On The Overseas Investment Regime Fee Structure Opens Today

Land Information New Zealand (LINZ) is consulting on funding options to cover the cost of the overseas investment regime.

The Overseas Investment Office (OIO), which is part of LINZ, is the regulator of overseas investment into New Zealand. The costs of running the OIO are largely funded through application fees.

It was found in a recent review of the OIO application fee levels and the fee framework, the cost of operating the overseas investment regime was not fully recovered from fees.

Vanessa Horne, Group Manager for the Overseas Investment Office says the preferred option clearly meets the five key principles that underpin the fee review.

“The proposal we support is fair, effective, efficient both administratively and economically, sustainable, transparent and provides certainty for investors.

“It achieves full cost recovery and ensures the OIO can continue to provide a robust regulatory regime”, she says.

In summary the preferred proposal includes:

  • a shift away from the current system of a single fee for applications for each investment pathway
  • a differentiated fee structure including lodgement, assessment and monitoring compliance fees for most investment pathways
  • different fee levels for standard and complex applications.

A consultation document outlining the preferred proposal and other options has been developed and includes a fee level and framework to achieve full cost recovery.

All submissions on the consultation must be received by 5pm on Friday 19 March 2021.

Read the consultation document and find out how to make a submission

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Mayor of Auckland: Alert Level Change Welcome News

Mayor Phil Goff says the government’s decision to move Auckland to Level 2 from 6am on Sunday will be welcome news for all Aucklanders.
“Moving strongly and quickly to contain this outbreak has once again proved effective in stopping the spread of community transmission and I thank all the Aucklanders who have followed the rules of Level 3 over the past week,” he says... More>>


Earthquakes: Tsunami Activity – Cancelled

The National Advisory issued at 2:48pm following this morning's earthquakes near the KERMADEC ISLANDS REGION is cancelled.
The advice from GNS Science, based on ocean observations, is that the Beach and Marine threat has now passed for all areas... More>>

Joint Press Release: Dirty PR Exposed In Whale Oil Defamation Trial

Three public health advocates are relieved that their long-standing Whale Oil defamation trial against Cameron Slater, Carrick Graham, Katherine Rich and the Food and Grocery Council has finally concluded and they are pleased that the truth has come out... More>>


Government: Next Stage Of COVID-19 Support For Business And Workers

The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend... More>>


Government: Balanced Economic Approach Reflected In Crown Accounts

New Zealand’s economic recovery has again been reflected in the Government’s books, which are in better shape than expected.
The Crown accounts for the seven months to the end of January 2021 were better than forecast in the Half Year Economic and Fiscal Update (HYEFU)... More>>

Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>




InfoPages News Channels