1 November 2017
Cindy Black
[FYI request #6776 email]
Dear Cindy Black
On behalf of Gabriel Makhlouf, Secretary to the Treasury, I acknowledge receipt of
your email requesting:
“I see in the news that the Prime Minister has announced a ban on foreign
purchasers of residential housing in NZ. Can you please provide copies of any
and all advice provided by the Treasury related to this announcement and this
proposed ban.
I envisage this advice should include what the ban actually is, what the legislative
amendments would be to give effect to it, and whether it is in fact a ban, or in fact
a requirement for a foreign purchaser to seek consent from the OIO. Advice on
whether and how the proposal would be enforced and what implications it might
have should be included as well as what resourcing impact it would have for the
government I.e. what it would cost to enforce, and particularly for the agencies
that will need to enforce it I.e LINZ and or the OIO. If any Agency will need
additional funding or resources where will these resources come from I..e who
will pay.
Advice on what affect legislation changes would actually have, and what impact
any proposed legislative change would have on existing and proposed
international agreements that NZ is or is intending to be a party to would also be
appreciated”
Your request was received by the Treasury on 1 November 2017 and will be dealt with
in accordance with the provisions of the Official Information Act.
The Treasury may need to contact you to clarify your request. To facilitate this, and to
confirm your eligibility to make a request under section 12 of the Official Information
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Act 1993 and the Official Information Act 1982.
Yours sincerely
Apurva Mahire
Ministerial Advisor