Thanks Joe, that makes sense. I'm not resident in Australia, so my interest in this question is more for interest than personal application. I'm curious why Australian capital doesn't appear to be finding its way into the market via NZ. From what you say, there's some reasonably broad brush stuff in AU preventing you from doing that if the main goal is to avoid AU CGT.
Your case sounds a bit different, and you make good points about the register issue. Foreign holders often get a raw deal with rights issues etc.
Bottom line I guess is that NZ entities pay less tax, but the benefit is mostly only available to its own citizens, not foreign-owned NZ-registered businesses.
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Thanks Joe, that makes sense. I'm not resident in Australia, so...
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