| Decision number | 200520052 |
|---|---|
| Application number | 200510081 |
| Date | 9 September 2005 |
| Offeror/applicant | CONFIDENTIAL |
| Ultimate applicant beneficial ownership | 100 percent - Australia, Australian Public |
| Beneficial overseas ownership | |
| - Asset current | N/A |
| - Asset proposed | N/A |
| - Share current | 2.63 percent |
| - Share proposed | 52.63 percent |
| Offeree(s)/seller(s) | CONFIDENTIAL |
| Business activities | Property & Business Services - Property |
| Details of land involved | CONFIDENTIAL |
| Regions involved | Bay of Plenty/Coromandel Canterbury |
| Total consideration | CONFIDENTIAL |
| Consent Sought - 1995 Regs | CONFIDENTIAL |
| Rationale | 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 persons who exercise control over the Applicant are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987. CONFIDENTIAL |
| Contact | Greg Thompson/Dan Arapere Russell McVeagh P O Box 8 AUCKLAND |