Post by Kiwi Frontline on Apr 5, 2018 17:26:07 GMT 12
TE HIKU IWI SAYS ADDING FORESTRY RIGHTS TO OIO STIFLES
Te Hiku Iwi opposes bringing forestry rights into the Overseas Investment screening regime, arguing they will have a material impact on the value of their land and compromise their ability to attract overseas partners.Te Hiku Iwi says adding forestry rights to overseas investment regime stifles global partnerships
The government wants to include forestry rights in the Overseas Investment Act screening regime and the matter is being considered by the select committee. Currently forestry rights – which do not involve the sale or lease of the land but the right to grow and harvest the crop – are exempt. If the law is passed, overseas investors will only be able to purchase up to 1,000 hectares of forestry rights per annum, or any forestry right of less than three years duration, without approval from the Overseas Investment Office.....
business.scoop.co.nz/2018/04/04/te-hiku-iwi-says-adding-forestry-rights-to-oio-stifles/
Te Hiku Iwi opposes bringing forestry rights into the Overseas Investment screening regime, arguing they will have a material impact on the value of their land and compromise their ability to attract overseas partners.Te Hiku Iwi says adding forestry rights to overseas investment regime stifles global partnerships
The government wants to include forestry rights in the Overseas Investment Act screening regime and the matter is being considered by the select committee. Currently forestry rights – which do not involve the sale or lease of the land but the right to grow and harvest the crop – are exempt. If the law is passed, overseas investors will only be able to purchase up to 1,000 hectares of forestry rights per annum, or any forestry right of less than three years duration, without approval from the Overseas Investment Office.....
business.scoop.co.nz/2018/04/04/te-hiku-iwi-says-adding-forestry-rights-to-oio-stifles/