Associate Finance Minister David Parker says New Zealand's new rules on foreign investments will apply to crucial infrastructure, including ports and airports, telecoms and electricity networks, and firms developing military technology or supplying intel agencies. – AFP pic, November 19, 2019.
FOREIGN investors hoping to buy New Zealand’s strategic assets will now have to convince the government it is in the national interest, said officials today, while denying that the rules target China. For the first time, the government has the power to reject overseas investments in sensitive areas if it decides that they could be detrimental to the country, said Associate Finance Minister David Parker.
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