Decision | Consent granted retrospectively Section 12(a) Overseas Investment Act 2005 |
---|---|
Decision date | 23 April 2013 |
Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 282.1348 hectares of land at Whananaki, Whangarei District. |
Consideration | $1,300,000 |
Applicant | Anthony Selmes Australia (100%) |
Vendor | Colin Edge and Gai Marie Edge New Zealand (100%) |
Background | The applicant intends to reside indefinitely in New Zealand and is acquiring the property to operate as a working farm. The overseas investment transaction has satisfied the section 16(1)(e)(i) criterion of the Overseas Investment Act 2005. |
More information | George Swanepoel SwanLaw PO Box 1563 WHANGAREI |
Retrospective penalty | $5,000 |