Thresholds increase for Australian investments in significant business assets

The thresholds for 2019 have been revealed

Thresholds increase for Australian investments in significant business assets

The Overseas Investment Office (OIO) has announced an increase in the thresholds for Australian investments in significant business assets in New Zealand.

The thresholds in effect from 1 January to 31 December 2019 are:

  • $530m, if the investor is an Australian non-government investor; and
  • $111m, if the investor is an Australian government investor.

This year’s thresholds are $516m for Australian non-government investors, and $111m for Australian government investors. The thresholds for 2017 were $501m for Australian non-government investors and $105m Australian for government investors.

Most Read

Under certain thresholds, Australian non-government and government investments in significant business assets are not required to obtain consent from the OIO.

The thresholds have to be adjusted each year if amounts produced by calculations made in accordance with formulae set out in clauses 4 and 7 of “Schedule 5 of the Overseas Investment Regulations 2005” are greater than the previous year’s thresholds.

Recent articles & video

Top-tier firms guide $310m sale of Kiwi Wealth to Fisher Funds

Simpson Grierson adds two to senior associate ranks

Vienna Kang Advocates executive slams CBA's decision to strike

Excellence awardees for NZ Law Awards 2022 revealed

NZ Lawyer has opened nominations for Elite Women 2022

Trump's legal team in hot water for signing false statement

Most Read Articles

NZLS CEO resigns

Excellence awardees for NZ Law Awards 2022 revealed

Simpson Grierson senior associate on his love affair with words

Allens, Linklaters help Ontario Teachers snag controlling stake in TowerCo