What the official record says
This Act is the Overseas Investment (National Interest Test and Other Matters) Amendment Act . This Act comes into force on a single date set by Order in Council. If the Act has not come into force 3 months after Royal assent, it comes into force on the first day of the next calendar month. An Order in Council made under this section is secondary legislation ( Part 3 of the Legislation Act 2019 for publication requirements). This Part amends the Overseas Investment Act 2005. Replace section 3 with: The purpose of this Act is to acknowledge that it is a privilege for overseas persons to own or control sensitive New Zealand assets by— providing for notification or consent for any overseas investments in those assets before the investment is made; and imposing appropriate conditions on those