Foreign-owned forestry company gets free pass to buy NZ land

Green Minister Eugenie Sage has given a foreign owned forestry company a free pass to buy thousands of hectares of New Zealand land without even needing to apply to the Overseas Investment Office. Japanese owned Pan Pac has been given special approval to by-pass the OIO to buy land for forestry for the next three years as the government seeks foreign forestry money to help meet its tree planting targets. Guyon Espiner reports.