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Changes That Affect Every Conveyancer - Overseas Investment Regime - Webinar Package

NZ $121.00
Pedro Morgan Jenna Reid
Pedro Morgan
Overseas Investment Office
Wellington
Jenna Reid
Overseas Investment Office
Wellington

Webinar Package includes:

Archive Presentation  l  Booklet  l  PowerPoint Presentation

Webinar Package Fee (incl GST)

  • $91 - NZLS members and Associate members
  • $121 - Non-members
  • We are aware of some sound cut-outs in the mid-section of this archive, the price of the archive has been altered to reflect this.

Note: Access to the online files is via your "My CPD" page. If you would like to purchase multiple packages, please contact us here.

Webinar Archive Presentation

Presentation time: 90 minutes

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.

The presenters will provide an overview of the regime, and the pathways to consent that are available for overseas people.  They will cover changes to the definition of important terms, such as ‘sensitive land’, ‘overseas person’ and ‘ordinarily resident’.

Other topics covered will include:

  • Residential Land Statement (purchaser eligibility)
  • Exemption certificates
  • Walkthroughs of common scenarios, such as relationship property and trusts
  • Accessing help for you and your clients.

Please contact us if you use a dial up internet connection.

Booklet 

Authors: Pedro Morgan, Jenna Reid
Published: 9 October 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.

PowerPoint Presentation

These are the slides included in the webinar presentation.

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