“…Overseas investors not being monitored…”

“..The Government is failing to check whether foreign land buyers are staying true to their word and providing a benefit to New Zealand, new information shows.

Foreign investors who have bought large tracts of land agreed to meet a set of conditions in order to be given consent for their purchases.

But information released by Land Information Minister Maurice Williamson shows a decline in the number of investigations into suspected breaches of those consent conditions.

One investigation was conducted last year and none in 2010…”

(cont..)

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Overseas investors not being monitored | Stuff.co.nz.

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