Login
Login

Your trusted CPD partner

19OIAW

Changes That Affect Every Conveyancer - Overseas Investment Regime

NZ $60.00
Pedro Morgan Jenna Reid
Pedro Morgan
Overseas Investment Office
Wellington
Jenna Reid
Overseas Investment Office
Wellington

Authors: Pedro Morgan, Jenna Reid
Published: 19 November 2018
Pages: 42

Introduction

The Overseas Investment Amendment Act comes into force on 22 October 2018, and brings significant changes for conveyancers. The regime restricts certain overseas people from  buying or building a home here, but opportunities are available for overseas people to buy residential land and increase New Zealand’s housing stock. There are different rules for Australians and Singaporeans, and understanding residency status will be important. While the onus for determining eligibility rests with the purchaser, in practice purchasers will be encouraged to seek the support of their conveyancer to determine this. Every purchaser will be required to complete a Residential Land Statement confirming their eligibility to buy. The conveyancer must retain a record of this statement for at least seven years or face fines of up to $20,000.

Content outline

  • About the Overseas Investment Office
  • Why has the Law Changed?
  • Is this Property Residential?
  • Sensitive for Other Reasons
  • Who Needs Consent?
  • Two Tests for Ordinarily Resident
  • Explaining the Changes to Your Clients
  • Trusts, Body Corporates and Other Entities
  • What Consent Pathways are Available?
  • One Home to Live in Pathway
  • Developing Residential Land Pathways
  • Forestry Pathways
  • Existing Investment Pathways
  • Consents Fees
  • Applying to the OIO Online
  • Enforcement
  • An Online Tool to Help Your Clients
  • New OIO Webpages
View contents page

You might also be interested in ...

Registrant Details

Use this window to add all the registrants you wish to register on behalf of. If you want to attend the course also, ensure you add yourself as one of the registrants. Make sure you press ‘save’ after adding each new registrant.

Proceed to Checkout

AML/CFT - Wire Transfers, SARs, Privilege & Confidentiality

Publication Date: 24-Sep-2018

Authors: Henry Brandts-Giesen, Neil Russ

NZ $40.00

Multiple Registration

Update on Contract 2018

Publication Date: 09-Apr-2018

Author: Paul David QC

NZ $65.00

Multiple Registration
 
CONTACT
INQUIRIES
freephone (within NZ)
0800 333 111

EMAIL 
cle@lawyerseducation.co.nz

PHONE
04 472 7837

FAX
04 463 2986
 
ADDRESS
NZLS CLE Ltd
Law Society Building
26 Waring Taylor Street
Wellington 6011

DX SP 20202
PO Box 5041
Wellington 6140
New Zealand