How do we cut red tape? Well, the bill ensures that up to 30 percent fewer transactions will need to be reviewed, and when those that are remaining to be reviewed are reviewed, the screening process will be simpler, because some of the unnecessary provisions that weren't really necessary to protect New Zealand's interests are being stripped out. For example, rather than requiring consent for small incremental investments in a listed company—or an unlisted company, for that matter—the bill is targeted at those transactions that grant an investor greater effective control over our most sensitive or larger assets. 