Written By:
- Date published:
1:15 pm, July 21st, 2025 - 9 comments
Categories: act, david seymour, national/act government, nz first, overseas investment, winston peters -
Tags: foreign investment, Foreigners, OIO, overseas investment act, sensitive lands
Last year I wrote about how the Coalition is flinging the doors open for rich foreigners.
David Seymour’s is putting through changes to our Overseas Investment Act to make it easier for foreigners and the uber wealthy to buy NZ’s sensitive land and assets.
It will direct the Overseas Investment Act to basically ignore significant due diligence, take applications on face value where possible, and make it easier for the rich to buy NZ on the cheap.
Please SUBMIT https://www.parliament.nz/…/overseas-investment…
Applications close 23 July Wednesday at 11:59pm
PS This bill is fully endorsed by Winston Peters and of course, the National Party
Is this another of those under the radar (which was sadly already overloaded/spoofed by window/chaff) ? Prof Jane Kelsey gives some of her own careful scrutiny
Thanks MT
Good to see Kelsey all over it too eh? She's good.
The veritable Melanie Nelson also posted a copy of Mike Smith's essay on this.
You're very welcome, as always.
One might cut activists and submission writers a wee bit of slack given that it took a massive nationwide effort to defeat the Treaty Principles Bill, another massive effort against the Regulatory Standards Bill still ongoing, and actually fighting against every damn piece of major legislation being done after hours, no Hearings or very few, no chance to change things, little mainstream media support for any change …
… all to have the votes mostly along Coalition lines.
And most of us trying pretty damn hard to sustain our jobs and families in a cold winter.
Maybe not what you want to hear, but there really is a limit.
Steve Bannon called this strategy "flooding the zone with shit"
The fact that people are tired and give up is by design, not by accident.
I hear you.
Thanks MT, I'll make a written submission – it's not as if the 'pike' need more freedom.
If you step back and view multiple decisions in the environment space (where I mainly work) you will see a tension between stated goals (PF2050 is a prime example) and the ways that the wealthy then work the system. The planet is being partitioned off for their benefit: financially most obviously but also in how they occupy land and water. Extremely wealthy foreigners have bolt holes in Aotearoa. Local elites get helipads to avoid the traffic. Property owners get paid to protect the immediate environs while degrading other, out-of-sight, ecosystems. They are absolutely NOT climate deniers, they see the end of current windows – social, ecological, economic – in their lifetimes. It's zero sum for them, they are winning, and they will have people killed on their behalf. A little melodramatic perhaps but whether these bills are ultimately voted down or not, the rapacious demands won't stop.
They've been at it a lot longer than we ever realised.
Since ages….I can vouch a bolthole related one. When I worked in Queenstown (many moons ago) the Suharto family (yes them) had a discrete holiday place. Nice place to enjoy life and leave the splattered blood behind.
There were probably many more neer-do-wells lurking. I became much more activated around that time…..
Once NZ First has enabled the Regulatory Standards legislation and the Overseas Investment Act, others can plot the nailing of the lid on Peters political coffin.