New Zealand Law Society - Small change to Residential Land Statement format

Small change to Residential Land Statement format

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A New Zealand Gazette notice dated 7 November 2018 has made a small change to the manner in which a Residential Land Statement made under section 51A of the Overseas Investment Act 2005 must be made.

The previous notice on the manner of making the statement, notified on 5 October 2018, has been revoked.

Since 22 October 2018 every sale of residential property in New Zealand has required completion of a Residential Land Statement.

The change has involved splitting Part 1 into Parts 1a "Individuals" and 1b "Entities (non-individual/corporate)".

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