Important legislation changes regarding purchasing of residential land
🔻Important changes to the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005 relating to the purchase of residential land come into force on 22 October 2018.
🔻The changes affect all purchasers of residential land, not just Overseas Persons.
🔻It is important for overseas persons to seek legal advice as soon as possible prior to make any commitment to acquire residential property.
🔻From 22 October 2018 every purchaser of land that is classified as residential or lifestyle, or that includes residential/lifestyle land (regardless of whether they are an Overseas Person or not), will need to complete a Residential Land Statement advising whether they require Overseas Investment Office consent to buy the property.
Poll: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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91.5% Yes
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8.1% No
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0.5% Other - I'll share below!
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
Revamp an open wardrobe
Cut visual clutter and give tired shelves new life with doors and colourful Resene paint.
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