“…The Government has attacked plans to restrict foreign investors from buying rural land as “confused”.
Labour leader David Shearer yesterday revealed a new member’s bill to limit the discretion of ministers to consent to overseas buyers.
The proposed legislation – which would have to be drawn from the ballot to progress – said foreigners must prove that they can bring “substantial benefits”.
But a spokesman for Finance Minister Bill English said Labour wanted to turn foreign buyers down on political grounds.
“The proposals are pretty confused,” he said…”
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