New Zealand plans to reform its Overseas Investment Act to attract foreign investment and improve wage growth.

New Zealand plans to reform its Overseas Investment Act to attract more foreign investment and improve wage growth. The government aims to reverse the current restrictive framework, allowing investments to proceed unless they pose risks to national interests. This change is expected to enhance the investment environment and address the country's significant infrastructure deficit, estimated at $200 billion. Legislation is targeted for completion by the end of 2025.

October 11, 2024
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