[28 November/ Radio New Zealand]

Associate Finance Minister, David Parker has announced that the government would reveal its plan to deal with existing applications for foreign purchases of farmland in the next few days. Mr Parker explained that the new approach would be around how existing criteria were applied, rather than changes to the criteria themselves. Mr Parker added that the rules for foreign purchases of farmland sales were terribly confusing, and there was a lot of uncertainty and work for the Overseas Investment Office.