Changes That Affect Every Conveyancer - Overseas Investment Regime

The Overseas Investment Amendment Act comes into force on 22 October 2018, and brings significant changes for conveyancers. The regime restricts certain overseas people from buying or building a home here, but opportunities are available for overseas people to buy residential land and increase New Zealand’s housing stock. There are different rules for Australians and Singaporeans, and understanding residency status will be important.

While the onus for determining eligibility rests with the purchaser, in practice purchasers will be encouraged to seek the support of their conveyancer to determine this. Every purchaser will be required to complete a Residential Land Statement confirming their eligibility to buy. The conveyancer must retain a record of this statement for at least seven years or face fines of up to $20,000.

The presenters will provide an overview of the regime, and the pathways to consent that are available for overseas people.  They will cover changes to the definition of important terms, such as ‘sensitive land’, ‘overseas person’ and ‘ordinarily resident’.

Other topics covered will include:

• Residential Land Statement (purchaser eligibility)
• Exemption certificates
• Walkthroughs of common scenarios, such as relationship property and trusts
• Accessing help for you and your clients.

Learning objectives

By attending this webinar you will:

• Be aware of the changes that come into force on 22 Oct 2018.
• Understand the requirements of the eligibility test and Residential Land Statement.
• Know the penalties for non-compliance.

Who should attend

All property and company/commerical lawyers.

Book / Technical Specs

A background book written by the presenters is now available in hard copy, PDF, or both. Please indicate your choice upon registration. 

• Hard Copy - Your book will be posted to you - no extra charge 
• PDF - You will be emailed a PDF copy of the book 3 working days before the event - no extra charge 
• Both Hard Copy & PDF - You will be emailed a PDF copy of the book 3 working days before the event, and posted the hard copy book  - additional $30 charge

• For information on what is required to participate in the webinar, click here.

Presenters

• Pedro Morgan, Principal Advisor, Overseas Investment Office, Wellington
• Jenna Reid, Manager Policy, Overseas Investment Office, Wellington

Fee (Incl GST)

Webinar

• $149 – NZLS members and NZLS Associate members
• $179 – Non-members
• $449 – Webinar Study Group click here for more info
• 2+1 registrations click here for more info

Times

• Webinar - 11.00am - 12.30pm
• Registration closes - 3.00pm, Monday 8 October 2018

View PDF brochure and registration form here.

CPD

• If you attended the live webinar, you will receive an electronic certificate of attendance as verification for your CPD records.
• You can view and hear the presentation again, as many times as you wish in your own time for no additional cost.

• Under the CPD Scheme only those who attend a live webinar are eligible to claim CPD hours.
• If you registered but were unable to attend on the day, you can view and hear the archived recording of the presentation.

Cancellation and refund policy

Since the webinar is available to registrants as an archive after the live presentation, there is no cancellation – we just transfer your user status as a registrant from the live presentation to a purchaser of the webinar package of recorded webinar, PowerPoints and booklet.