Overseas Investment Office
Radio New Zealand House, 155 The Terrace, Wellington, 41°16′53″S 174°46′33″E / 41.281299°S 174.775862°E / -41.281299; 174.775862
Hon Bill English, Minister of Finance,
Hon Jonathan Coleman, Associate Minister of Finance,
Hon Maurice Williamson, Minister for Land Information,
Hon Nathan Guy, Minister for Primary Industries
Land Information New Zealand
The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand.
5 External links,
The Office is responsible for high value investments (2006: NZD $100m+), investments in sensitive land and investments in fishing quota. The Office is part of Land Information New Zealand, the New Zealand Government Agency responsible for survey, land valuation, land titles and mapping. This link recognises that the majority of the Office's work relates to the control of sensitive land. The Office replaces an earlier agency called the Overseas Investment Commission.
In 2005, the Overseas Investment Commission (OIC) and its replacement, the Overseas Investment Office (OIO), approved foreign investment totalling $14.3 billion, which was well above the average of $8.8 billion for the previous decade. All but about $3 billion was sales from one overseas company to another.
The agency has been accused by groups like the Campaign Against Foreign Control of Aotearoa as being a 'rubber-stamping' body doing nothing against increasing foreign control over New Zealand assets.