Overseas Investment Act Disaster
Looks like the new government is already quite busy to run our economy into the ground:
http://act.org.nz/free-press-monday-...-act-disaster/
The government proposal is to stop utilities incl Telco's (with more than 25% overseas ownership - which is basically everybody) to buy land for new substations or cell phone towers without long winded OIO approval. They want to stop retirement village providers and most development companies (with more than 25% overseas ownership - which is basically all of them) to buy new land (without OIO approval).
OIO approval takes these days 6 months if the applicant is lucky. Given that the number of applications are likely to more than thirty-fold with this proposed bureaucratic nightmare (thanks Jacinda ...) - use your imagination how this will speed up any new housing developments ;).
This happens if ideological blindness (Labour) and xenophobia (NZ First) wins over common sense.
Just one example of the things to come? Remember - it rarely gets better ...