Introduced on May 14. The Bill amends the Overseas Investment Act by bring forwarding the introduction of the ministerial application of a national interest test for strategically important assets and the temporary application of protections to assets where their value may have fallen below thresholds due to recession. First reading on May 14 and referred to the Finance and Expenditure Committee for a short consideration. Second reading, committee stage and third reading on May 26. Opposed by National and ACT who said it went to far and would lead to both a chilling effect and delays in investment.
Overseas Investment (Urgent Measures) Amendment Bill