New thresholds for Australian investments in Significant Business Assets have been announced for the period from 1 January 2020 to 31 December 2020.
Land Information New Zealand says Australian non-government and government investments in significant business assets are exempt from the requirement to obtain prior consent from the Overseas Investment Office if they are under certain thresholds.
- $537 million (New Zealand dollars), if the investor is an Australian non-government investor; and
- $113 million (New Zealand dollars), if the investor is an Australian government investor."
[Note that Schedule 5 was revoked on 30 December 2018 by regulation 7 of the Overseas Investment (CPTPP) Amendment Regulations 2018. However, a notice under (revoked) clause 11 of Schedule 5 appeared in the New Zealand Gazette on 13 November 2019.]