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Overseas Investment (Forestry) Amendment Bill

Introduced on May 31, the bill reverses the 2018 relatively permissive special forestry test in the Overseas Investment Act and applies the Act’s existing, but more stringent, benefit to NZ test to overseas investments that will result in converting land-use to production forestry. First reading on June 7  with all parties in favour and sent to the Finance and Expenditure Committee with an Aug 1 report back date.

Overseas Investment (Forestry) Amendment Bill