Applicant
CONFIDENTIAL
Case number(s)
200920103
Decision date
Type
Decision
DecisionConsent Granted
Section 12(b) Overseas Investment Act 2005
Section 13(1)(a) Overseas Investment Act 2005
Decision date19 February 2010
InvestmentCONFIDENTIAL
Asset ValueCONFIDENTIAL
ApplicantCONFIDENTIAL
Australia (100.0%)
VendorCONFIDENTIAL
New Zealand (100.0%)
Background

CONFIDENTIAL

The overseas investment transaction has satisfied the criteria in sections 16 and 18 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisfied by particular reference to the following factors:

Overseas Investment Act 2005
17(2)(a)(i) – Creation/Retention of jobs
17(2)(a)(iv) – Added market competition/productivity

Overseas Investment Regulations 2005
28(c) – Affect image, trade or international relations

More informationDavid M Flacks
Bell Gully (Auckland)
PO Box 4199
AUCKLAND 1140