8142 (2025). Hon Barbara Edmonds to the Associate Minister of Finance

Written Question

Published date: 14 Mar 2025

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	8142 (2025)
Question asked:	02 Mar 2025
Member asking:	Hon Barbara Edmonds
Portfolio:	Associate Minister of Finance
Minister replying:	Hon David Seymour
Answer received:	10 Mar 2025
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_08142_2025
Document guid:	c5417923-b380-4af3-ad18-9264a25aec81

8142 (2025). Hon Barbara Edmonds to the Associate Minister of Finance: What is the anticipated effect of the Overseas Investment Act reform on income inequality and regional economic disparities, if any?

Hon David Seymour: While overseas investment screening is intensive by default, only a small percent of applications are declined. The core reforms will allow the regulator to consent low risk applications made by reputable investors within 15 days. This reduction in compliance costs for investors will support economic growth by encouraging greater access to capital, which facilitates productivity growth and higher paying jobs. Any impacts on income inequality or regional economic disparities will depend on the pattern of investment into New Zealand over the coming decades.