Source: http://www.legislation.govt.nz/regulation/public/2018/0154/latest/LMS77250.html
Timestamp: 2020-06-04 08:34:37
Document Index: 205203896

Matched Legal Cases: ['art 1', 'art 13', 'art 2', 'art 3', 'arts 1', 'art 4', 'art 5', 'art 6', 'art 7', 'art 8']

Overseas Investment Amendment Regulations 2018 (LI 2018/154) Schedule Schedule 2 replaced – New Zealand Legislation
Part 1 Applications relating to transaction in category of overseas investment in sensitive land only—residential land
The fees in this Part apply to transactions that will result in an overseas investment in sensitive land only, where all of the relevant land is residential land.
1 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(b)﻿(i)﻿(A) of the Act (the commitment to reside in New Zealand test), where the land is residential (but not otherwise sensitive) land—
if the applicant is 1 or more individuals
if the applicant is a company, trust, or limited partnership or any person other than 1 or more individuals
if the application is for a waiver relating to a trigger event under clause 8 of Schedule 2 of the Act
if the application is for a variation of the consent or a condition of the consent
2 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(d)﻿(i) of the Act (the commitment to reside in New Zealand test), where the land is both residential and otherwise sensitive land—
where the value of the consideration to be provided for the overseas investment in sensitive land is stated in the application and is less than $1 million
where the value of the consideration to be provided for the overseas investment in sensitive land is stated in the application and is $1 million or more or is not stated in the application
3 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(b)﻿(i)﻿(B) of the Act (the increased housing test),—
if the investor test does not apply to the overseas investment because circumstance 2 in section 16(3)﻿(b) applies
if the investor test does apply to the overseas investment
4 For each exemption certificate under clause 6 of Schedule 1AA of the Act (exemption relating to dwellings in large apartment developments where sales of dwellings have begun before assent date),—
on application to grant an exemption certificate
on application to vary an exemption certificate
5 For each exemption certificate under clause 4(2) of Schedule 3 (dwellings in large apartment developments that are purchased off plans) 27,600
6 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(b)﻿(i)﻿(C) of the Act (the non-residential use test) 34,100
7 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(b)﻿(i)﻿(D) of the Act (the incidental residential use test) 34,100
8 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(b)﻿(ii) of the Act (the benefit to New Zealand test) and where section 16A(1)﻿(b) is not applicable,—
where the value of the consideration to be provided for the overseas investment in sensitive land is stated in the application and is less than $1 million,—
where the determination is made by the relevant Ministers
where the determination is made by the regulator under delegation
where the value of the consideration to be provided for the overseas investment in sensitive land is stated in the application and is $1 million or more or is not stated in the application,—
9 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(b)﻿(ii) of the Act (the benefit to New Zealand test) and where section 16A(1)﻿(b) is applicable,—
10 For consent for a transaction involving a land decision only, on the basis of more than 1 of the circumstances in items 1 to 9 (for example, a transaction relying on both the increased housing test and the non-residential use test) 34,100
11 For a standing consent under clause 2 of Schedule 4 of the Act (increased housing test, non-residential use test, or incidental residential use test),—
for each transaction of which the regulator must be notified under a condition imposed under clause 2(3)﻿(c) of Schedule 4 of the Act
12 For any other variation of consent or conditions of consent (including addition to and revocation of conditions of consent) referred to in this Part 13,000
13 For each exemption under section 61D of the Act (Minister may grant individual exemptions) in respect of residential land 25,500
Part 2 Applications relating to transaction in category of overseas investment in sensitive land only—forestry activities and profits à prendre
The fees in this Part apply to transactions that will result in an overseas investment in sensitive land only, where all of the relevant land is used exclusively or nearly exclusively for forestry activities, or all of the relevant land is a regulated profit à prendre.
14 For consent for a transaction involving a land decision only, on the basis that section 16A(3) of the Act be applied (the modified benefits test),—
15 For consent for a transaction involving a land decision only, on the basis that the application be considered in accordance with section 16A(4) of the Act (the special test relating to forestry activities) 34,100
16 For a standing consent under clause 3 of Schedule 4 of the Act (forestry activities)—
for each transaction of which the regulator must be notified under a condition imposed under clause 3(3)﻿(c) of Schedule 4 of the Act
17 For consent for a transaction involving a land decision only, if the only interest in land described in section 12(a) is 1 or more regulated profits à prendre (other than forestry rights) on the basis that section 16A(1) of the Act be applied—
18 For variation of consent or conditions of consent (including addition to and revocation of conditions of consent) in respect of forestry activities or profits à prendre 13,000
19 For each exemption under section 61D of the Act (Minister may grant individual exemptions) in respect of forestry activities or profits à prendre 25,500
Part 3 Other applications relating to transaction in category of overseas investment in sensitive land only
The fees in this Part apply to transactions that will result in an overseas investment in sensitive land only, and to which Parts 1 and 2 do not apply.
Determination by relevant Ministers or by regulator under delegation
20 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(c)﻿(i) of the Act,—
Relevant Ministers or regulator 22,500
Relevant Ministers or regulator 29,500
21 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(c)﻿(ii), (d)﻿(ii), or (e) of the Act (the benefit to New Zealand test) and where section 16A(1)﻿(b) is not applicable,—
Relevant Ministers 37,500
Regulator 35,500
Relevant Ministers 43,500
Regulator 41,500
22 For consent for a transaction involving a land decision only, on the basis of section 16(1)﻿(c)﻿(ii), (d)﻿(ii), or (e) of the Act (the benefit to New Zealand test) and where section 16A(1)﻿(b) is applicable,—
Relevant Ministers 42,500
Regulator 40,500
Relevant Ministers 49,000
Regulator 47,000
23 For variation of consent or conditions of consent (including addition to and revocation of conditions of consent) Relevant Ministers or regulator 13,000
24 For each exemption under section 61D of the Act (Minister may grant individual exemptions) Relevant Ministers or regulator 25,500
Part 4 Applications relating to transaction in category of overseas investment in significant business assets only
The fees in this Part apply to transactions that will result in an overseas investment in significant business assets only.
25 For consent for a transaction involving a business decision only 32,000
26 For variation of consent or conditions of consent (including addition to and revocation of conditions of consent) 13,000
27 For each exemption under section 61D of the Act (Minister may grant individual exemptions) 25,500
Part 5 Applications relating to transaction in categories of overseas investment in sensitive land and significant business assets only
The fees in this Part apply to transactions that will result in both an overseas investment in sensitive land and an overseas investment in significant business assets, but will not result in an overseas investment in fishing quota.
28 For consent for a transaction involving a land decision on the basis of section 16(1)﻿(b)﻿(ii), (c)﻿(ii), (d)﻿(ii), or (e) of the Act (the benefit to New Zealand test) and a business decision Relevant Ministers 54,000
Regulator 52,000
29 For consent for a transaction involving any other land decision and a business decision Relevant Ministers or regulator 34,100
30 For variation of consent or conditions of consent (including addition to and revocation of conditions of consent) Relevant Ministers or regulator 13,000
31 For each exemption under section 61D of the Act (Minister may grant individual exemptions) Relevant Ministers or regulator 25,500
Part 6 Applications relating to overseas investment in fishing quota
The fees in this Part apply to transactions that will result in an overseas investment in fishing quota, whether or not the transaction also results in an overseas investment in sensitive land or an overseas investment in significant business assets.
32 For consent for a transaction 40,000
33 For variation of consent or conditions of consent (including addition to and revocation of conditions of consent) 13,000
34 For each exemption under section 61D of the Act (Minister may grant individual exemptions) 40,000
Part 7 Other applications
35 For each exemption under section 61D of the Act (Minister may grant individual exemptions) by addition to Schedule 3 (which relates to portfolio investors) or Schedule 4 (which relates to New Zealand controlled persons),—
monitoring compliance with conditions of exemption
Part 8 Information and services
36 For provision of information or services $168 per hour