“..The Government is failing to check whether foreign land buyers are staying true to their word and providing a benefit to New Zealand, new information shows.
Foreign investors who have bought large tracts of land agreed to meet a set of conditions in order to be given consent for their purchases.
But information released by Land Information Minister Maurice Williamson shows a decline in the number of investigations into suspected breaches of those consent conditions.
One investigation was conducted last year and none in 2010…”
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