Examples of OI Act in a sentence
New Zealand – Internal Working Documents The OI Act does not allow the release of all government information upon request, as evidenced by the third purpose of the Act, ‘to protect official information to the extent consistent with the public interest and the preservation of personal privacy.’66 In line with this aim the OI Act, like the FOI Act, contains an exemption designed to protect the integrity of government decision-making processes.
In terms of OI Act consent, foreign investors will need consent to acquire shares in a public company where the public company becomes an overseas person and owns or controls (directly or indirectly) an interest in sensitive land (as described in question 8 above).
No commercial fishing for a species controlled by the Fisheries Act can be undertaken within the territorial waters of New Zealand by persons who do not own fishing quota, without obtaining approval.The OI Act, the OI Regulations and the Fisheries Act prohibit an overseas person from having an interest in fishing quota or rights or interests in a business (where the overseas person owns 25% or more securities) that owns or controls (directly or indirectly) an interest in a fishing quota.
This thesis presents the argument, and ultimately demonstrates, that when a comparative analysis of the Commonwealth and New Zealand freedom of information systems is undertaken, particularly in relation to the respective approaches to and review of the internal working documents of government departments,4 the OI Act has achieved a greater level of government accountability than the FOI Act on a number of key performance indicators.
The restrictions in the OI Act in relation to overseas persons acquiring interests in New Zealand companies apply equally to investments in private and publicly listed companies.
The construction and text of the FOI Act and the OI Act are initially compared noting the principal difference between the classification systems used for the release of material.
It is, quite simply, a public right.10 Yet, the application of both enactments has taken deviating paths with the OI Act ultimately achieving far greater success in securing openness of government than the FOI Act.
The OI Act refers to ‘information’ and the FOI Act uses the classification of ‘documents’.
The OI Act and the OI Regulations prescribe the circumstances where an overseas person is required to obtain consent before investing in New Zealand.
The principal controls on overseas investment are governed by the Overseas Investment Act 2005 (the OI Act) and the Overseas Investment Regulations 2005 (the OI Regulations).In addition to establishing a business: • an individual can carry on business in his or her own name as a sole trader; and• an overseas investor can establish a trust, a building society or a provident society.