We have many clients who live overseas but own property in New Zealand. With the changes to the Overseas Investment Act ("OIA") which came into force in 2018, there can be some confusion whether the OIA rules apply, and given the hefty fines for ...
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In our March Newsletter, we discussed the Government’s plan to introduce an amendment to the Overseas Investment Act. This amendment has passed through Parliament and it came into force on 22 October 2018.
The main thrust of the amendment ...
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