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Jurisdiction(s):
United Kingdom
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Key definition
Investments definition

What does Investments mean? In practice, investments are financial products or rights acquired with the expectation of income or capital growth, such as shares, bonds, fund units and derivatives. In UK financial services law, however, the regulated concept is “specified investments” under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO). This defined list includes, among others, shares, debentures and loan stock, government and public securities, warrants, units in a collective investment scheme, options and futures, contracts for differences, and rights under a contract of insurance. Whether a firm must be authorised, may communicate financial promotions, or owes particular...

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New Zealand Overseas Investment Act: FDI screening, OIO consent thresholds, national interest and NSPO call-in, sensitive land, significant business assets, process, timelines, penalties, exemptions, and 2025-26 reforms

Practice notes
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1. What is the applicable legislation?

Foreign direct investment in New Zealand is regulated by the Overseas Investment Act 2005 (the Act), the Overseas Investment Regulations 2005 (the Regulations), and the Fisheries Act 1996.

2. Which government or other body (or bodies) reviews foreign Investments?

The Overseas Investment Office (OIO) is the authority chiefly responsible for administering the Act. Certain categories of transactions may additionally be reviewed by the Minister of Finance, the Associate Minister of Finance, the Minister for Land Information and/or the Minister of Fisheries.

3. What is the scope of the foreign investment regime? Does it only apply to specific sectors or types of Investors (eg foreign or non-EU / non-WTO)? Are there specific Rules for certain types of investors (eg state-owned enterprises)?

The Act applies to specified investments made by ‘overseas persons’ in:

  • business assets exceeding defined monetary thresholds
  • land regarded as ‘sensitive’ (which can include residential and rural land)
  • particular sensitive industries (described in further detail below), and
  • fishing quota

The Act defines an ‘overseas person’ as:

  • an individual who is neither a New Zealand citizen nor ordinarily resident in New Zealand, or
  • a body corporate:
    • that is
...
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Glenn Shewan
Glenn Shewan chambers

Glenn returned to Bell Gully in early 2012, bringing a wealth of international experience to the team. Glenn advises on all aspects of competition law, having assisted clients with large-scale cartel investigations and advised on misuse of market power issues. Prior to returning to Bell Gully, he was a managing associate in the London office of a leading magic circle firm, where he advised clients on the competition aspects of global M&A transactions, including Rio Tinto on its acquisition of Canadian aluminium producer Alcan and its proposed iron ore joint venture with BHP Billiton. Since returning to New Zealand, Glenn has advised Vodafone on its successful application for clearance to acquire TelstraClear (a transaction that combined New Zealand's second and third largest telcos) and Bauer Media on its acquisition of rival magazine titles, in addition to providing a range of advice on mergers and...

Web page updated on 27/05/2026

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