2708 (2024). Hon Kieran McAnulty to the Associate Minister of Finance

Written Question

Published date: 24 Mar 2024

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	2708 (2024)
Question asked:	11 Mar 2024
Member asking:	Hon Kieran McAnulty
Portfolio:	Associate Minister of Finance
Minister replying:	Hon Chris Bishop
Answer received:	19 Mar 2024
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_02708_2024
Document guid:	4148956d-9dae-43bd-ba17-f247bef61d67

2708 (2024). Hon Kieran McAnulty to the Associate Minister of Finance: Will the Minister’s proposed changes to the Overseas Investment Act exempt investment in land for non-residential purposes such as supermarkets, if so, why?

Hon Chris Bishop: It will not. Cabinet has agreed that the Overseas Investment Act will be amended to create a new streamlined consent pathway to better enable Build to Rent housing developments. An existing pathway in the Act provides for non-residential purposes such as supermarkets.