The protocol provides for a new investment partnership between Australia and New Zealand. Australia is increasing the threshold under which New Zealand investment will not require foreign investment screening from $231 million to just over $1 billion. This is the same threshold level applying to investors from the United States for access to the Australian investment market. Australian investors will receive a screening threshold to the New Zealand investment market of NZ$477 million, up from NZ$100 million. The new screening thresholds should reduce compliance costs for investors through a reduction in application preparation costs and fees. The RIS has been approved by the OBPR.
