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David Seymour: NZ needs to loosen investment settings
The Government today has announced plans to overhaul the Overseas Investment Act.
Among the reforms announced, it will fast track overseas investment for decisions to be made within 15 days, and empower the Government to intervene if a transaction is not in the country's best interest.
The overhaul would make it easier for New Zealand businesses to get new investment from overseas, as well as pay higher wages.
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By Newstalk ZBThe Government today has announced plans to overhaul the Overseas Investment Act.
Among the reforms announced, it will fast track overseas investment for decisions to be made within 15 days, and empower the Government to intervene if a transaction is not in the country's best interest.
The overhaul would make it easier for New Zealand businesses to get new investment from overseas, as well as pay higher wages.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.