What the official record says
This Act is the Overseas Investment (Build-to-rent and Similar Rental Developments) Amendment Act . This Act comes into force on the day after Royal assent. This Act amends the Overseas Investment Act 2005. In section 6(1), insert in its appropriate alphabetical order: means the test set out in of Schedule 2 After section 16(1)(b)(i)(B), insert: the large rental development test: In Schedule 2, clause 1(1)(b), after , insert . In Schedule 2, Part 3 heading, after , insert . In Schedule 2, clause 10, replace with . In Schedule 2, after clause 11, insert: The large rental development test is met if the relevant Ministers are satisfied that— the residential land is a single site, or adjacent sites separated by infrastructure (such as roads), with 1 or more buildings that, taken together,