Australian non-government and government investments in significant business assets are exempt from the requirement to obtain prior consent from the Overseas Investment Office if they are under certain alternative monetary thresholds.

For the period 1 January 2022 to the close of 31 December 2022, the threshold for Australian non-government investments is 560 million New Zealand dollars, and the threshold for Australian government investments is 117 million New Zealand dollars.

Dated this 22nd day of March 2022.

REBECCA McATAMNEY, Head of Regulatory Practice and Delivery, Land Information New Zealand.