| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 20 September 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 136.8100 hectares of land at 946 Mossburn - Five Rivers Road, Southland. |
| Consideration | $1,700,000 |
| Applicant | Premier Dairies Limited Balreask Trust, Thomas Clinton Family, Ireland (100.0%) |
| Vendor | MAC Corp Limited New Zealand (100%) |
| Background | The land is currently used for sheep and beef farming. The Applicant intends to convert the land to dairy support and incorporate it into the Applicant’s existing Southland dairy farming operation. 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 | John F C Henderson Evans Henderson Woodbridge PO Box 326 MARTON |