Overseas investment decision for case 200710073 - Simmonds (Tanya Louise)

To acquire:

1. an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area; and
2. an interest in land which, either alone or together with any associated land, exceeds 0.4 hectares and adjoins land held for conservation purposes under the Conservation Act 1987 (if that conservation land exceeds 0.4 hectares in area).

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the Applicant has business experience and acumen relevant to and is demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicant is of good character and not the kind of person referred to in section 7(1) of the Immigration Act 1987.

Background:
The Applicant wishes to reside permanently in New Zealand with her family, as it provides an ideal lifestyle for her children and her husband to begin his retirement.

Outline of Proposed Investment:
The property will be purchased from the Applicant's own resources. The principal source of the funds will be the sale of the property currently owned in England.

Rationale for Proposed Investment:
The Applicant intends to move her family from the UK to occupy the property as their permanent residence.