Foreign Buyers Ban Reversal A Sell Out By Winston Peters & His Party
NZ First’s legacy is now firmly NZ Last
NZ First’s legacy is now firmly NZ Last
You have 2 days more to submit on ACT’s Overseas Investment Act changes
James “Jim” Grenon spends almost $10 million to buy a ~10% stake in the publisher of NZ Herald and owner of Newstalk ZB.
Long signaled, all right wing parties are opening the doors for wealthy foreigners to easily acquire our significant assets and lands.
For a year, Luxon and Seymour have been prepping the Overseas Investment Act to sell NZ off to wealthy foreigners. But who is running the show? Libertarian interests of course. And Winston Peters might find the money good enough to fold.
Now there is a surprise (not). The Crafar farms sale doesn’t conform to the economic benefits required under the Overseas Investment Act. Fran O’Sullivan is going to be distressed. The decision by the OIO and government was not in conformance with the the Overseas Investment Act. Fran waffled about everything except what was required by the Act – as our “anonymous” authors pointed out and were abused for doing so by Fran.
Journalists – pah!
Over the weekend I pointed out that National’s plans to review the Overseas Investment Act would lead to even more foreign control of […]
Newstalk ZB reports: The Prime Minister is keen to open the door to foreign investors. In a speech to the Act Party conference […]