From 22 October 2018, substantial changes to the Overseas Investment regime will come into effect and will be relevant to lawyers in a wide range of practice areas. The changes mean that certain overseas residents will be unable to buy or build a home in New Zealand, but there will be opportunities to buy residential land and increase New Zealand’s housing stock.
Anyone buying a home will have to state whether they are eligible to buy under the Overseas Investment Amendment Act 2018. That is New Zealanders, Australians, Singaporeans, and overseas people – everybody.
This On Demand webinar looks at how to determine a client’s residency status, the special rules applying to Australian and Singaporean purchasers, as well as the role of conveyancers who face severe financial penalties for not retaining records of their client’s statement.
- Understand better the changes to the overseas investment regime and how to maintain a smooth flow of residential property transactions
- Gain insights into the difficult issues such as trust ownership and relationship property, among others, that may arise under the new Overseas Investment regime.
- Learn more about the Residential Land Statement and purchaser eligibility, the exemptions that are available and the fees and timeframes involved, as well as where to go to get assistance for you and your client.
Who should view?
The Overseas Investment regime is now critical knowledge for every lawyer involved in domestic conveyancing, as well as overseas investment.
When and Where