Overseas Investment Act Review 2005

The Overseas Investment legislation underwent major changes in 2005. The new Act went into effect as from August 2005.

CAFCA and many other organisations made submissions opposing many of the changes and recommending what effective legislation should look like. With Cabinet orders from above, and trade agreements preventing any signficant changes, most of these recommendations were ignored.

A review one year out shows our concerns were justified.

Below are background materials and others used in the submission process, and the CAFCA submission.

CAFCA's submission on the Bill

You can download CAFCA's 58 page submission in an indexed form (PDF 668KB) or in a more compact form (PDF 239KB).

Background to the changes

Leaflet (PDF 124KB) warning about the threats and opportunities in the review that preceded the law change.

The bill itself in PDF (184KB).

Speeches from a public meeting on the bill in Christchurch on 14 December 2004:

New Overseas Investment Bill throws the door wide open

Open wide! Dr Cullen prescribes a bitter pill: more transnational control

The devil is in the detail. Implications for land; Maori; foreshore and seabed

We must have the right to pick and choose: Review of Overseas Investment Act

Review Of the Overseas Investment Act: Threats and Opportunities

Official papers from Treasury

Submissions on the Bill have closed. The following material may still be of interest, and was used in many submissions.

  • Here is a sample submission many used or adapted: in HTML format (so you can read it online) and in Microsoft Word (DOC 45KB) format (so you can make your own changes to it). Also available in RTF format (RTF 64KB).
  • Here are some suggestions for using the sample submission and how to do it (this is also in the Word document with the submission).

Contact CAFCA if you need more information.

 

Campaign Against Foreign Control of Aotearoa,
P.O. Box 2258
Christchurch.