any company share holding of 25% or more by foreigners (ie non nz pr / non nz citizens) is deemed to be a foreign company.
- if a company tried to change the shareholding in the company register after title changing hand to more than 25% of foreign ownership, it is deemed as transfer of title and is considered as infringing the OIA.
- same thing happened in bright line test if company that own property do the transfer of share holdings.
For NZ pr, if leaving the country for more than 12 months ( NZ citizens away from NZ for more than 3 yrs) and is living in other country other than NZ, you are considered as foreigners too.
- that is the current definations of bright line test, potentially been adopted in OIA.
On top of the above, foreign ownerships ( company, trust, persons) will have a special public register labour government is going to set up
David parker in the radio interview been asked about the above questions, he said " ignorant of the law is not an excuse, you cannot say you don't know the law and play dump, we are here to get you"