Posts Tagged ‘overseas investment act’

Canadian billionaire linked to right wing websites buys a near 10% of NZME shares

Written By: - Date published: 1:45 pm, March 3rd, 2025 - 14 comments

James “Jim” Grenon spends almost $10 million to buy a ~10% stake in the publisher of NZ Herald and owner of Newstalk ZB.

Come Rich Foreigners – New Zealand Is For Sale

Written By: - Date published: 1:08 pm, February 24th, 2025 - 4 comments

Long signaled, all right wing parties are opening the doors for wealthy foreigners to easily acquire our significant assets and lands.

Selling NZ off to the highest foreign bidder. Is it still NZ First?

Written By: - Date published: 10:00 pm, January 23rd, 2025 - 17 comments

For a year, Luxon and Seymour have been prepping the Overseas Investment Act to sell NZ off to wealthy foreigners. But who is running the show? Libertarian interests of course. And Winston Peters might find the money good enough to fold.

Fran O’Sullivan will be distressed over Crafar decision.

Written By: - Date published: 5:36 pm, February 15th, 2012 - 64 comments

Now there is a surprise (not). The Crafar farms sale doesn’t conform to the economic benefits required under the Overseas Investment Act.  Fran O’Sullivan is going to be distressed. The decision by the OIO and government was not in conformance with the the Overseas Investment Act. Fran waffled about everything except what was required by the Act – as our “anonymous” authors pointed out and were abused for doing so by Fran.

Journalists – pah!

National’s cargo cult mentality

Written By: - Date published: 11:49 am, March 18th, 2009 - 32 comments

Over the weekend I pointed out that National’s plans to review the Overseas Investment Act would lead to even more foreign control of New Zealand and, ultimately, even more of our national wealth sucked offshore to pay the dividends of overseas shareholders. Murray Horton from the Campaign Against Foreign Control of Aotearoa weighs in today, […]

National to increase foreign ownership

Written By: - Date published: 12:55 pm, March 14th, 2009 - 39 comments

Newstalk ZB reports: The Prime Minister is keen to open the door to foreign investors. In a speech to the Act Party conference today, John Key said a review of the Overseas Investment Act will be announced by Finance Minister Bill English next week. The review aims to create an overseas investment screening regime that […]