Overseas Investment Commission
Encyclopedia
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
(New Zealand's central bank). This link recognises a historical foreign exchange control role of the Commission.
The Commission was responsible for high value investments (2005: NZD $50m+), investments in sensitive land and investments in fishing quota.
The Commission was replaced by the Overseas Investment Office
from 25 August 2005. The Office is part of Land Information 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.
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
government agency responsible for regulating foreign direct investment
Foreign direct investment
Foreign direct investment or foreign investment refers to the net inflows of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor.. It is the sum of equity capital,other long-term capital, and short-term capital as shown in...
into New Zealand.
The Commission was administratively part of the Reserve Bank of New Zealand
Reserve Bank of New Zealand
The Reserve Bank of New Zealand is the central bank of New Zealand and is constituted under the Reserve Bank of New Zealand Act 1989. The Governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Dr. Alan Bollard...
(New Zealand's central bank). This link recognises a historical foreign exchange control role of the Commission.
The Commission was responsible for high value investments (2005: NZD $50m+), investments in sensitive land and investments in fishing quota.
The Commission was replaced by the Overseas Investment Office
Overseas Investment Office
The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand.- Overview :...
from 25 August 2005. The Office is part of Land Information 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.
External links
- Overseas Investment Office official website
- Land Information New Zealand official website
- Reserve Bank of New Zealand official website