The government is about to flip the script on foreign investment in business, in a reform to the Overseas Investment Act being lead by Associate Finance Minister David Seymour.
Plans announced yesterday would make the default answer 'yes' to any investments, and would condense the application process to 15 days unless they relate to residential land, farm land or fishing quota.
A more targeted change is also taking effect this week, allowing foreign investors to buy build-to-rent developments more easily.
Tara Wylie is a partner at the commercial law firm Simpson Grierson and is a specialist in the Overseas Investment Act. She joins Emile Donovan to explain.
Higher density and townhouse developments are part of Housing New Zealand's new Auckland focus Photo: RNZ / Todd Niall
