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Being in Hyderabad isn't in itself a bad thing.

The company website was entirely about "we are a local company" and when I spent a few minutes digging into it all the staff and directors and owners and profits were offshore.

It's as bad as Google.
Or Microsoft.
Or Netflix.
Or Apple.

A real amendment with teeth would be that websites that serve > 100,000 NZ people must have an office and a director in NZ. But that's not within the sphere.

Replied in thread

It sounds like a good idea: limit ownership of .nz domains to companies with a NZ presence.

But it's super simple to setup an office, slap an accountant on it, boom, you now have a "NZ presence".

I was just investigating one company with a .nz domain and +64 phone number today.

They're a "NZ presence"
... with an address at a co-working space
... with a VoIP phone number
... and a director located in Hyderabad

@mementomaori