2040

NEW ZEALAND GAZETTE

No. 84

more accurate statistics on investment, and the desire to maintain a welcoming approach to investment; and

(ix) continue the practice of the Commission’s staff performing the Commission’s day-to-day functions, with the Commission’s role being primarily one of governance and overview.

5. We are aware that the Commission compiles information on investment in New Zealand in the course of performing its functions. To the extent that existing resources permit, the Commission, in conjunction with other relevant agencies, should:

(a) disseminate information on investment in New Zealand; and

(b) publicise and explain the nature of our regulatory regime to potential overseas investors and domestically.

Delegation

6. The Treasurer delegates to the Commission and its staff the power to determine all applications under Part II of the Overseas Investment Regulations 1995 (“the regulations”).

7. The Treasurer and the Minister for Land Information (“the Ministers”) delegate to the Commission and its staff, in relation to Part III of the regulations:

(a) their powers to determine applications which do not involve “sensitive” land as described in the First Schedule to the Act and regulations under the headings of Islands, and Foreshore, lakes and reserves and Land over 0.4 hectares on certain islands;

(b) notwithstanding (a) above, their powers to determine land applications:

(i) that do not involve a freehold estate or other estate or interest in land equivalent to a freehold estate; or

(ii) that are part of a purchasing programme previously approved by Ministers under the Overseas Investment Regulations 1985 and 1995 or the Land Settlement Promotion and Land Acquisition Act 1952, where each acquisition is consistent with any conditions established for the programme; or

(iii) involving land that is “sensitive” solely because it includes or adjoins a marginal strip that extends along or abuts any river or stream.

8. The Ministers also delegate to the Commission and its staff the following related matters:

(a) their powers under regulation 12 to specify information and particulars to be supplied by applicants;

(b) their powers under regulation 14 in respect of applications:

(i) which have been delegated in terms of paragraphs 6 and 7 above; or

(ii) which have been initially considered by the Minister and that require an administrative amendment;

(c) their powers under regulations 16 in respect of applications that have been delegated in terms of paragraphs 6 and 7 above;

(d) their powers under regulations 16 in respect of adding entities to or deleting entities from the Schedules to the Overseas Investment Exemption Notice 1995;

(e) their powers under regulation 17 in respect of any matter delegated;

(f) their powers under section 15 of the Act in respect of applications that have been delegated; and

(g) in each case where a power has been delegated, the power of delegation under section 16 of the Act.

Criteria

9. In considering any applications under the Overseas Investment Act 1973 under delegation, the Commission and its staff must take into account the matters provided for under section 14A of the Overseas Investment Act 1973.

Revocation of Existing Delegation

10. The existing delegation conferred on the Commission and its staff on 19 November 1999 is hereby revoked as from the date of this letter.

DR MICHAEL CULLEN, Treasurer.

TREVOR MALLARD, Acting Minister of Land Information.

PETE HODGSON, Minister of Fisheries.

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Transport

State Sector Act 1988

Notice of Granting of a Scheduled International Air Service Licence

Pursuant to the Civil Aviation Act 1990, the State Sector Act 1988, and a delegation from the Secretary for Transport dated 29 March 2000, I, John Gibson Bradbury, Deputy Secretary Air Services in the Ministry of Transport, hereby give notice that I have exercised the power conferred by section 87N of the Civil Aviation Act 1990 to grant a scheduled international air service licence to Air Tahiti Nui to authorise the airline to operate one A340-200 return service per week from Papeete to Auckland.

This licence took effect on 19 July 2000.

Signed at Wellington this 19th day of July 2000.

JOHN BRADBURY, Deputy Secretary, Air Services, Ministry of Transport.

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