This bill is about improving the efficiency of the overseas investment regime while ensuring New Zealand assets are protected, particularly farmland. Over nine years, the National Government made the overseas investment regime more and more complicated, while taking a lax approach to protecting valuable New Zealand assets, like farmland, from foreign ownership. We are now incorporating a bill that will ensure we do both. Now, this bill is an accumulation of the Government's work to reform New Zealand's overseas investment regime and to ensure that we continue to attract the productive, sustainable investment we need to both boost economic growth, grow jobs, and protect New Zealand's assets. 