An easier road for foreign investors looking at New Zealand's companies and property. 

The Government's new law reforms will allow overseas investment to proceed - so long as it doesn't go against our interests. 

Associate Finance Minister David Seymour says right now, we rank 38 out of 38 countries for openness to investment.

New Zealand Initiative Executive Director Oliver Hartwich told Mike Hosking New Zealand's always been one of the most difficult places for investment.

“That part of globalisation has always bypassed New Zealand. Actually, the share of FDI in our GDP is lower than it used to be 25 years ago.”

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;">An easier road for foreign investors looking at New Zealand's 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 new law reforms will allow overseas investment to proceed - so long as it doesn't go against 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;">Associate Finance Minister David Seymour says right now, we rank 38 out of 38 countries for openness to 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;">New Zealand Initiative Executive Director Oliver Hartwich told Mike Hosking New Zealand's always been one of the most difficult places for 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;">“That part of globalisation has always bypassed New Zealand. Actually, the share of FDI in our GDP is lower than it used to be 25 years ago.”
<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

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

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The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Oliver Hartwich: NZ Initiative executive director on new law reforms to allow for overseas investment

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5dc8729c-dd67-4760-81f3-b20801334936/transcript

Another person's been arrested for an alleged assassination attempt on Donald Trump.

The former President has been speaking at Coachella, California, three weeks out from election day.

Las Vegas man Vem Miller was intercepted by police at a checkpoint about 800 metres from the rally. 

US correspondent Richard Arnold told Mike Hosking he was carrying a shotgun, a loaded handgun, and a high-capacity magazine.

“This bloke was 49, we don’t have a lot of detail about him as yet, but this follows of course the two assassination bids on Trump.”

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;">Another person's been arrested for an alleged assassination attempt on Donald Trump.
<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 former President has been speaking at Coachella, California, three weeks out from election day.
<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;">Las Vegas man Vem Miller was intercepted by police at a checkpoint about 800 metres from the rally. 
<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;">US correspondent Richard Arnold told Mike Hosking he was carrying a shotgun, a loaded handgun, and a high-capacity magazine.
<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;">“This bloke was 49, we don’t have a lot of detail about&nbsp;him as yet, but this follows of course the two assassination bids on Trump.”
<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

Richard Arnold: US correspondent on a person arrested for alleged assassination attempt on Donald Trump in California

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/653e9b35-f64d-4a66-b149-b208017f6094/transcript

No Australian Premiers are planning to attend the welcome event for King Charles III in Canberra. 

King Charles III is visiting Australia and Samoa from this Friday to October 26. 

He's visiting both Canberra and Sydney, but is not coming to New Zealand. 

Australian correspondent Steve Price told Mike Hosking the premiers have decided they're too busy to attend the reception for the King next Monday.

“Jacinta Allan’s said ‘I got Cabinet on that day, I don’t think I’ll be able to get up to Canberra’ - Canberra is 40 minutes by air from here.”

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;">No Australian Premiers are planning to attend the welcome event for King Charles III in Canberra. 
<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;">King Charles III is visiting Australia and Samoa from this Friday to October 26. 
<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's visiting both Canberra and Sydney, but is not coming to New Zealand. 
<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;">Australian correspondent Steve Price told Mike Hosking the premiers have decided they're too busy to attend the reception for the King next Monday.
<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;">“Jacinta Allan’s said ‘I got Cabinet on that day, I don’t think I’ll be able to get up to Canberra’ - Canberra is 40 minutes by air from here.”
<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

Steve Price: Australian correspondent says state premiers aren't attending reception for King Charles III in Canberra

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2f66e97b-fd84-4577-ad1b-b208016e9d03/transcript

It sounds good on paper, or in front of your fans, but we need more detail on the so-called Future Fund, the $100 billion it will raise and the tax incentivisation that will be needed to get the money here.

It is the new New Zealand First policy.

They celebrated their 31st get-together over the weekend.

Peters got a reasonable amount of coverage, and it didn’t have too much of the old days about it where the TV cameras wander around looking for weirdos to say funny things.

The thing about Government generally is it gives you an element of credibility. In fact, you could argue after 31-odd years, New Zealand First is having its best days ever.

Yes, they have been in power numerous times. But so far - touch wood - this time actually seems to be going smoothly.

We have had nothing of the previous friction. It is indeed early days, and it is currently helped by the fact the Government is travelling well and is solid in the polls and looks set to hold for a good crack at another term. Indeed, the so-called "green shoots" we are seeing might well turn into a period next year, and into 2026, of decent growth and with it will come the election year optimism that will see a return for another three years.

Peters previously, and most certainly this time, is proving to be an outstanding foreign minister, helped in small part by the fact the previous one was historically useless.

Back to this future fund - he talks of missing a key ingredient, the ability for foreign investors to truly be part of this country, and to do that you need to buy a house.

They can't buy a house because of New Zealand First policy that doesn’t allow it, which seems dichotomous.

National compromised in coalition talks and carved out foreign houses as those over $2m but that still wasn't good enough for New Zealand First.

It is a failed idea and probably the biggest mistake National made in giving it away.

You need foreigners. That part isn't even debated. We need them for labour, for money, as well as culture and population growth.

To help that, they need to feel like this is a place to call home. The easiest way to achieve that is to allow them to set up shop in a house.

I am convinced the policy will be eventually tipped over, but until it is you can talk about future funds all you want. You can talk about foreign investment all you want. But the door has to be open. Not partially open and not open with caveats.

We aren't a big enough deal globally to be forcing such a large compromise.

<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;">It sounds good on paper, or in front of your fans, but we need more detail on the so-called Future Fund, the $100 billion it will raise and the tax incentivisation that will be needed to get the money here.
<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;">It is the new New Zealand First policy.
<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;">They celebrated their 31st get-together over the weekend.
<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;">Peters got a reasonable amount of coverage, and it didn’t have too much of the old days about it where the TV cameras wander around looking for weirdos to say funny things.
<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 thing about Government generally is it gives you an element of credibility. In fact, you could argue after 31-odd years, New Zealand First is having its best days ever.
<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;">Yes, they have been in power numerous times. But so far - touch wood - this time actually seems to be going smoothly.
<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;">We have had nothing of the previous friction. It is indeed early days, and it is currently helped by the fact the Government is travelling well and is solid in the polls and looks set to hold for a good crack at another term. Indeed, the so-called "green shoots" we are seeing might well turn into a period next year, and into 2026, of decent growth and with it will come the election year optimism that will see a return for another three years.
<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;">Peters previously, and most certainly this time, is proving to be an outstanding foreign minister, helped in small part by the fact the previous one was historically useless.
<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;">Back to this future fund - he talks of missing a key ingredient, the ability for foreign investors to truly be part of this country, and to do that you need to buy a house.
<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;">They can't buy a house because of New Zealand First policy that doesn’t allow it, which seems dichotomous.
<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;">National compromised in coalition talks and carved out foreign houses as those over $2m but that still wasn't good enough for New Zealand First.
<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;">It is a failed idea and probably the biggest mistake National made in giving it away.
<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;">You need foreigners. That part isn't even debated. We need them for labour, for money, as well as culture and population growth.
<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;">To help that, they need to feel like this is a place to call home. The easiest way to achieve that is to allow them to set up shop in a house.
<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;">I am convinced the policy will be eventually tipped over, but until it is you can talk about future funds all you want. You can talk about foreign investment all you want. But the door has to be open. Not partially open and not open with caveats.
<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;">We aren't a big enough deal globally to be forcing such a large compromise.

Mike's Minute: We need more detail on this Future Fund

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/677e891c-fc26-4493-9213-b20801555315/transcript

Oliver Hartwich: NZ Initiative executive director on new law reforms to allow for overseas investment

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