| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 27 March 2018 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1,667.0525 hectares of land at Waipaoa Station, Gisborne. |
| Consideration | $12,087,700 |
| Applicant | Te Hau Station Limited Phillip Maxwell Colebatch, Australia (100.0%) |
| Vendor | Whitbourne Farm Limited Jennifer Kaye and Robert James Telfer, New Zealand (50.0%) Andrew James Fraser MacPherson, New Zealand (50.0%) |
| Background | Phillip Colebatch is a current Resident Visa holder and has satisfied the OIO that he intends to reside in New Zealand indefinitely. Overseas persons intending to reside in New Zealand indefinitely are not required to show that their investment in sensitive land is likely to benefit New Zealand. This supports migrants in the process of moving to New Zealand to make New Zealand their home. |
| More information | Mark Dineen Tavendale and Partners Limited PO Box 442 CHRISTCHURCH |