Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
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Decision date | 11 April 2013 |
Investment |
An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately:
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Consideration |
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Applicant | Bernard Jean Sabrier Switzerland (100%) |
Vendor |
Bank of New Zealand (Lots 10 & 21) Trustees of the Smith Family Trust (Lot 35) W & M Hunt (Part Lot 6) |
Background |
The Applicant intends to acquire the land to preserve and enhance the natural environment in the vicinity of the properties he already owns at Mataka Station. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors: Overseas Investment Act 2005 Overseas Investment Regulations 2005 |
More information | Christopher Green/Bill Sandston Chapman Tripp PO Box 2206 AUCKLAND 1140 |