Update: Overseas Investment Act – Forestry Review

Written By Kim Manunui

We recently provided input to the Overseas Investment Act - Forestry Review and have the following update from Te Tai Ōhanga – The Treasury. 

The Overseas Investment Act Forestry Review was released by Associate Minister of Finance, Hon David Parker on 11 August 2022 here.  Of note is the amendment to the Overseas Investment Act that removes forestry conversions from the ‘special forestry test’ in the Act and requires them to go through the ‘general benefit to New Zealand test’ instead.

Whilst this change will make investment, and in particular land purchase, more onerous for offshore investors, the ‘general benefit to New Zealand test’ is aligned to Māori Landowner empowerment and therefore should remain a viable option for investment in Tangata Whenua. See here for more details of the Benefit to New Zealand test.

For more information click the link -

https://www.treasury.govt.nz/news-and-events/reviews-consultation/overseas-investment-act-2005-forestry-review

Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

Collaboratively we are creative, share sustainable values and work hard for great outcomes because that’s the buzz of satisfaction that drives us.

If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
and we’ll manage your social media presence so you get the clicks, likes and engagement to grow your business. All within the budget you set, because none of this needs to cost the earth.  And the job doesn’t stop when your website goes live. We are your virtual business partner.

https://www.korio.co.nz
Previous

Industry Transformation Plan
Next

Meeting with Ministers, Ngā Pou a Tāne and Te Taumata