Cutting red tape means encouraging investment by reducing the number of low-risk transactions unnecessarily caught by the Act, including the screening of purchases by majority New Zealand - owned and controlled entities, investments in land that has little economic, cultural, or environmental value because it sits next to a public park or sports field, and a range of small transactions that do not grant meaningful control over or access to sensitive New Zealand assets. Cutting red tape also means clarifying and simplifying the consent process for the transactions that will continue to be screened with longer-term changes, including focusing the requirements for assessing an investor's character on the factors that matter the most, such as serious proven offences, and requiring all applications to be processed to a deadline, giving investors the certainty and confidence they need to come here to invest. 