INDEPENDENT NEWS

NZ First Welcomes First Step in Addressing Foreign Ownership

Published: Thu 16 Aug 2018 01:56 PM
New Zealand First Welcomes First Step in Addressing Foreign Ownership Issues
New Zealand First is pleased that legislation banning foreign ownership of homes in this country has passed its third and final reading in Parliament.
Strengthening the Overseas Investment Act was a priority in New Zealand First’s coalition agreement with Labour. The passing into law of the Overseas Investment Act Amendment Bill yesterday is a first step in addressing this.
“We have long been concerned with the sell-off of our land and housing stock to foreign nationals. Home ownership in New Zealand has been on the decline as first-home buyers are outbid by overseas speculators who have no ties to New Zealand, and who pay no tax. New Zealanders should be able to buy their own homes rather than being tenants in their own country,” says party leader Winston Peters.
“The passing of this Act is an important milestone in securing New Zealanders’ birthright, and we are pleased Hon David Parker has moved swiftly on this issue. New Zealand should belong to New Zealanders.”
“New Zealand First looks forward to working with our partners in Government to build a comprehensive registry of foreign-owned land and housing. Accurate data is necessary to determine our next steps.”
ENDS

Next in New Zealand politics

Changes to drinking water standards and health
By: New Zealand Government
Police detention was unlawful but reasonable
By: Independent Police Conduct Authority
Joint Statement by Sebastián Piñera and Jacinda Ardern
By: New Zealand Government
Top academics call on government to take climate action
By: UNITEC
New plan for high quality early learning
By: New Zealand Government
Two years’ progress since the Kaikoura earthquake
By: Marlborough District Council
Pike River Mine Drift re-entry plan to proceed
By: New Zealand Government
Water regulation and funding reform on mid-2019 deadline
By: BusinessDesk
Wellbeing and Water – a necessary conversation
By: New Zealand Government
Need for water sector reform reflected in proposals
By: Water New Zealand
Right time to discuss the role of local government
By: Infrastructure New Zealand
Time to address the dry topic of water
By: EMA
Dunedin responds to continued rain
By: Dunedin City Council
Open Day at wastewater treatment plant
By: Hastings District Council
Police response to IPCA report
By: New Zealand Police
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media