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The Government has today issued the Venture Capital Fund Policy Statement outlining the requirements for investments from the new $300 million fund set up to support New Zealand firms as they expand beyond the start-up phase.
New Zealand firms expanding beyond the start-up phase are set for more support after today’s passage of the Venture Capital Fund Bill, Associate Finance Minister David Parker said.
The Government is delivering on its promise to protect New Zealanders’ interests by applying a new national interest test to the sales of our most sensitive and high risk assets to overseas buyers.
New applications from mining company OceanaGold to purchase land in Waihi for new tailings ponds associated with its gold mines have been approved.
The Bill setting up a $300m Venture Capital Fund to foster innovation and encourage smaller start-ups to expand, passed its first reading in Parliament today.
To grow our economy and lift productivity we need investment, both by New Zealanders and overseas investors. Overseas investment is welcomed where it supports New Zealanders’ wellbeing.
The Government is launching the second chapter in its rewrite of the Overseas Investment Act to ensure investments are consistent with New Zealand’s national interest.
The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House.
Associate Finance Minister David Parker said he is saddened by National’s attempts to amend the ban on foreign buyers to make it easier for the wealthiest foreigners to outbid New Zealanders.
The Bill putting in place the Government’s policy of banning overseas buyers of existing houses has been reported back to Parliament by the Finance and Expenditure Select Committee.
New figures showing a high level of overseas house buying in New Zealand’s least affordable areas vindicates the Government’s move to ban foreign buyers of existing homes, Associate Finance Minister David Parker says.
Investments in sensitive land involving forestry rights will be brought into the scope of the Overseas Investment Act under changes proposed today by Associate Finance Minister David Parker.
Cabinet has agreed to changes to the treatment of overseas investments in forestry rights that will see them brought into the Overseas Investment Act screening regime.
The law banning overseas buyers from purchasing existing homes has passed its first hurdle in Parliament.
Associate Finance Minister David Parker and Minister for Land Information Eugenie Sage, have announced today the strengthening of New Zealand’s overseas investment regime, by issuing a new Directive Letter to the Overseas Investment Office.