A bill in the name of Labour MP Phil Twyford introduced on Nov 12. The bill would mean non-residents would only be granted permission to purchase a residential property if they intend to live in NZ permanently or the purchase adds to existing housing stock. First reading debated interrupted on May 25 and completed on June 29 with National, ACT and United Future voting it down by 61 to 60. Overseas Investment (Protection of New Zealand Homebuyers) Amendment Bill