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David Seymour announces Overseas Investment Act overhaul

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The government has announced plans to make it easier for New Zealand businesses to receive new investment" from overseas.
David Seymour, the Associate Minister of Finance, has announced a significant overhaul of New Zealand's Overseas Investment Act. The changes aim to streamline the investment process, making it easier for overseas investors to invest in New Zealand, particularly in sectors like build-to-rent housing, to help alleviate the housing crisis. The government believes that these reforms will attract more foreign capital, boost economic growth, and increase competition in the housing market. Key points include reducing bureaucratic hurdles, enhancing national security checks, and ensuring that investments benefit New Zealanders. The announcement was made live, highlighting the government's commitment to making New Zealand an attractive destination for international investment.

Read the Full RNZ Article at:
[ https://www.msn.com/en-nz/news/national/watch-live-david-seymour-announces-overseas-investment-act-overhaul/ar-AA1zAzHg ]