LawFuel – Legal Jobs Online – The Canadian bid to buy Auckland International Airport, the Russian acquisition of New Zealand Dairies Ltd and American pop star Shania Twain’s purchase of Motatapu Station and Mt Soho station near Wanaka.
Sound familiar? That’s probably because these overseas investment applications for New Zealand businesses and land received widespread media coverage due to the public interest in foreign investment in New Zealand.
They are just some of the high profile overseas investment applications you could find yourself working on as a member of the Overseas Investment Office (OIO).
The OIO administers the legislation and regulations which control foreign ownership of businesses and land within New Zealand, ensuring that foreign investment benefits New Zealand and appropriate protections are in place.
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Located within Land Information New Zealand (LINZ), the OIO is a team of lawyers and paralegals who work with the Overseas Investment Act 2005 to make recommendations about who gets to own or control more than 25 percent of certain types of New Zealand land, significant business assets and fishing quota.
The OIO provides information and recommendations to senior Government Ministers about overseas investment applications. It also has close working relationships with a variety of other government agencies.
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