The Overseas Investment Amendment Bill (No 2) 2020 (the Bill), which implements a second phase of reform to New Zealand’s Overseas Investment Act 2005 (the Act), was introduced to Parliament on 19 March 2020. The Bill introduces 3 an overseas funds regime (OFR) which enables overseas investment funds under “equivalent” jurisdictions to be marketed in the UK following an application process for recognition. Overseas Investment (Urgent Measures) Amendment Bill. It also introduces a new temporary notification power that applies to transactions that do not require consent, and goes considerably further than what was proposed in the Amendment Bill No 2. The Overseas Investment Amendment Bill (No 2) (Bill) was introduced on 20 March 2020 and sets out the proposed Phase II amendments to the Overseas Investment Act (Act). 3) (the 'Other Measures Bill'). The other tax-related features of the Bill have been included in the Overseas Investment Amendment Bill (No. Overseas persons who seek to acquire “sensitive land" in New Zealand must currently satisfy the relevant Ministers that the investment will, or is likely to, benefit New Zealand (the “benefits test"). The Urgent Measures Bill carries over some of the key changes proposed in the Overseas Investment Amendment Bill (No 2) ("Amendment Bill No 2"). Hon David Parker. Overseas Investment Amendment Bill (No 2) The purpose of this omnibus bill is to ensure that risks posed by foreign investment can be managed effectively while better supporting productive overseas investment by reducing the regulatory burden of the screening process. The No.3 Bill seeks to streamline the process for determining whether an investment in sensitive land will benefit New Zealand. 2021-05-18 - Overseas Investment Amendment Bill (No 3) - Committee Stage - Video 11 Overseas Investment (Urgent Measures) Bill and the Overseas Investment Amendment Bill (No 3): Overview The Bill also seeks to strengthen the information gathering and enforcement powers of the Overseas Investment Office. Government Bill. The purpose of the Phase II reforms is two-fold - to ensure that risks posed by foreign investment can be In this 4-part series, we discuss the changes introduced by the Bill. 2021-05-19 - Overseas Investment Amendment Bill (No 3) - Third Reading - Video 2 Andrew Bayly Cosponsors of H.R.3142 - 117th Congress (2021-2022): To amend the Internal Revenue Code of 1986 to provide for International Regulated Investment Companies. 261—2 The Government does not believe the Other Measures Bill to be critical to its response to COVID-19, and it is therefore likely to have a slightly more lenient timeframe for scrutiny.
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