The gates are opening for foreign investors looking at New Zealand companies and property. 

The Government's reforming the Overseas Investment Act - allowing any investment that doesn't threaten our interests. 

Federated Farmers Meat and Wool Chair Toby Williams says he supports the change. 

He told Ryan Bridge overseas buyers are interested in large farms - that Kiwi farmers can't afford to begin with.

Williams says foreign owners wouldn't be interested in those that first farm buyers would be after  - so he wants to see some rules around the levels of investment.

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The gates are opening for foreign investors looking at New Zealand companies and property. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The Government's reforming the Overseas Investment Act - allowing any investment that doesn't threaten our interests. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Federated Farmers Meat and Wool Chair Toby Williams says he supports the change. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">He told Ryan Bridge overseas buyers are interested in large farms - that Kiwi farmers can't afford to begin with.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Williams says foreign owners wouldn't be interested in those that first farm buyers would be after&nbsp; - so he wants to see some rules around the levels of investment.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Toby Williams: Federated Farmers spokesperson says rules are needed around levels of investment in Overseas Investment Act reforms

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/16bb5f5e-8f10-456e-9e24-b208012dd663/transcript

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