Overseas investment decision for case 200620046 - Koomen (CME) & Holmes (GA)

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 that is listed, or in a class listed, as a reserve, a public park, or other sensitive area by the regulator under section 37.

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

The Applicants propose to acquire the subject land to construct a home for their permanent residence. Ms Koomen holds a Work to Residence Talent Permit granted by the New Zealand Immigration Service under the Employer Accreditation programme. The land contains approximately 40 hectares established in pinus radiata forestry with the remainder of the land covered in scrub/gorse. The Applicants propose to clear part of the scrub/gorse to provide grazing land. The Applicants are demonstrating a commitment to New Zealand through applying for and taking up New Zealand permanent residency.