Common Contracts

GENERAL AGREEMENT GATS/SC/62

General Agreement • May 8th, 2008

• Contract Type
  General Agreement
• Filed
  May 8th, 2008

Sector or subsector Limitations on market access Limitations on national treatment Additional commitments I.HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE 3)Under the Overseas Investment Regulations, 1985, issued under the Overseas Investment Act 1973, Overseas Investment Commission approval is required for the following investments by an "overseas person":2‌ a)acquisition or control of 25 per cent or more of the shares or voting power in a company where either the consideration of transfer or the value of the assets of the company exceeds $NZ10 million; b)the establishment of new business in New Zealand where the total expenditure in setting up the business exceeds$NZ10 million;c)the acquisition of the assets of the business where the total consideration paid or payable for the assets exceed$NZ10 million;