| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 1 November 2016 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 0.6880 hectares of land at 170 & 174 Egmont Street, Patea, Taranaki. |
| Consideration | $400,000 |
| Applicant | Brian and Kathryn Hooper Australia (100%) |
| Vendor | Jane Carla Hill-Hayr and Simon Maxwell Hill-Hayr New Zealand (100%) |
| Background | The Applicants intend to migrate to New Zealand and reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Alan Lear Barrister Level 5 18 Shortland Street Auckland 1140 |