Following public consultation, the Government has agreed to ‘Phase Two’ changes to the Overseas Investment Act.
The Phase Two consultation process began in April 2019. This included considering options for amending who is subject to the Act, what assets require screening, and how the screening process works.
The Treasury has today released the following documents: Overseas Investment Act Reform: Phase Two Reform Package (Cabinet Paper), an associated Cabinet Minute, and a Treasury Report summarising public submissions received on the reforms.
These documents are available on the Treasury website here: Overseas Investment Act Submissions Information Release
For more information about the consultation process, see related content links below.