Election 2011 - Party Policies - Economy - Foreign Investment

Election 2011 - Party Policies - Economy - Foreign Investment

Foreign Investment

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Not set out on their website.

  • All international treaties must be voted on in Parliament before being signed, must give full effect to our Treaty of Waitangi obligations, and must put the rights of peoples and governments before those of multinational company investors.
  • Land ownership for New Zealand citizens and permanent residents only; and more stringent conditions on overseas investment.
  • A Code of Corporate Responsibility for all corporations in New Zealand. (more here)
  • Amend the Overseas Investment Act to restrict the sale of rural property to New Zealand citizens, or to residents who reside in New Zealand for at least 185 days a year for three years before purchas. (more here)

  • Labour will prevent overseas purchases of more than 25% of monopoly infrastructure, where that interest is worth $10 million or more.
  • Introduce a general ministerial discretion covering all assets worth more than $100 million that are not covered by our new farm land or monopoly infrastructure rules, modelled on the Australian equivalent. (more here)

Not set out on their website.

  • We will insert a Treaty clause into the overseas investment legislation, to give iwi first right of refusal. (more here)

  • New Zealanders will be at the front of the queue for [mixed-ownerhsip model] shareholdings. (more here)

Not set out on their website.






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