The Government needs the ability to rapidly respond to foreign investment risks and protect essential interests at this time of unprecedented crisis. This bill introduces a new emergency notification regime which will require overseas persons to notify the Overseas Investment Office of proposed investments of, generally, 25 percent or more in an existing business. Instead of the normal threshold of at least $100 million, the temporary threshold will be zero; it's what Australia's done too. This screening power will allow the Government to assess these transactions and, if necessary, consider whether they're contrary to New Zealand's national interest or whether they should be approved, perhaps on conditions. 