New Zealand's 'good character' rules could cost Matt Lauer the $9 million lakefront ranch he bought

August 2024 ยท 1 minute read

New Zealand is seeking further information about the sexual-misconduct allegations made against Matt Lauer to determine whether the former TV host is still fit to own property in New Zealand.

According to the Overseas Investment Office, when determining an investor's good character, the office takes into account any ongoing allegations or investigations into any criminal offenses.

Barrett said the Overseas Investment Office can "seek orders, through the Courts, that require people to dispose of property," if they are deemed to lack good character.

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The New Zealand government has been cracking down on foreign investors buying property in the country in order to tackle the nation's housing crisis. In October, New Zealand's prime minister, Jacinda Ardern, introduced legislation to bar foreign buyers from purchasing existing homes.

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