ANNEX I Schedule of Brunei Darussalam Headnote ... - SICE

SectorAll SectorsObligations concerned National Treatment (Article 12.4)DescriptionInvestmentNew Zealand reserves the right to adopt ormaintain any measure that sets out theapproval criteria to be applied to the categoriesof overseas investment that require approvalunder New Zealand’s overseas investmentregime.For transparency purposes those categories, asset out in Annex IIl, are:• Acquisition or control of 25 percent ormore of any class of shares or votingpower in a New Zealand entity whereeither the consideration for the transferor the value of the assets exceedsNZ$50 million; *• commencement of business operationsor acquisition of an existing business,including business assets, inNew Zealand, where the totalexpenditures to be incurred in setting upor acquiring that business or thoseassets exceed NZ$50 million; †• acquisition or control, regardless of dollarvalue, of certain categories of land thatare regarded as sensitive or requirespecific approval according to NewZealand’s Overseas Investmentlegislation, and acquisition of any landwherever located worth more thanNZ$10 million; ‡• acquisition, regardless of the dollarvalue, of 25 percent or more of any class* Proposed New Zealand legislation is being considered that would raise the NZ$50 million threshold toNZ$100 million.† Proposed New Zealand legislation is being considered that would raise the NZ$50 million threshold toNZ$100 million.‡ Proposed New Zealand legislation is being considered that would eliminate the NZ$10 million threshold.IV-NZ-6