This Government welcomes sustainable, inclusive, and productive overseas investment. This investment improves New Zealanders' living standards and connects us with the world. This is why we have recently simplified the Overseas Investment Act 2005, cut unnecessary red tape, and reduced the number of low-risk transactions being screened. We also want to make sure that overseas investment continues to strongly benefit New Zealand. This bill does just that. It ensures that forestry conversions by overseas investors continue to bring broad benefits to New Zealand. These investments will now be considered under the same rules as other investments in sensitive land known as the "benefit to New Zealand test" rather than under the streamlined special forestry test. This will channel overseas investment into the right forests in the right place for the right reasons. 