20 Nov 2019

Overseas Investment Office to get more powers

From Morning Report, 8:11 am on 20 November 2019

The Government is introducing new powers which it says will protect New Zealanders' interests in important assets such as ports and airports, telecommunications and electricity infrastructure.

A new national interest test will be used before the sale of sensitive and high-risk assets to overseas buyers.

Associate Finance Minister David Parker says the new powers will be used rarely and only where necessary.

Mr Parker speaks to Morning Report.