Summer services update
Information Summer services update

Our offices and services will have reduced availability over the holiday period.  Read more about our holiday hours and services availability.

Applicant
Blackfish Limited
Case number(s)
200620086
Decision date
Type
Decision
Decision number200620086
Application number200620105
Date22 December 2006
Offeror/applicantBlackfish Limited
Ultimate applicant beneficial ownership21.671 percent - Australia, Bull (Duncan James)
21.6645 percent - Australia, Harvey (Simon Thomas)
21.6645 percent - Australia, Rose (Christopher Peter)
20 percent - New Zealand, Sleigh (Michael James)
10 percent - New Zealand, Allan (Timothy Paul)
1 percent - New Zealand, Murray (Frederick David Justin)
1 percent - New Zealand, Murray (David Carson)
1 percent - New Zealand, Rolleston (Humphrey John Davy)
1 percent - New Zealand, Rookes (Richard George Nelson)
1 percent - New Zealand, Milne (Christopher David)
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed65 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Porter Heights Ski Area Limited
25 percent - New Zealand, Mazey (Ashley David and Sharon Lois)
25 percent - New Zealand, Manning (Peter Gerald and Kaye Elizabeth)
25 percent - New Zealand, Davies (Diane Elizabeth)
25 percent - New Zealand, Bloor (Mark John and Kathryn Jean)
Business activitiesCultural & Recreational Services - Other
Details of land involved708.1999 hectares of leasehold situated at Southern end of Craigieburn Range, Canterbury being CT CB11B/614 (Canterbury region).
Regions involvedCanterbury
Total consideration$1,710,000
Consent soughtTo acquire:
  1. an interest in land which, either alone or together with any associated land of that type, exceeds 0.4 hectares and is or includes land held for conservation purposes under the Conservation Act 1987; and
  2. 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
  3. 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).
Rationale

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.

Blackfish Limited (Blackfish) proposes to acquire the business and assets of Porter Heights Ski Area Limited which includes the Porter Heights ski area (Porter Heights) located on the southern end of the Craigieburn Range approximately 1 hours drive west of Christchurch. Blackfish is proposing to introduce additional investment for development purposes to redevelop the Porter Heights ski area, particularly for visitor accommodation, to further cater for the demand for high quality alpine skiing and on-site accommodation in New Zealand.

The proposal is likely to result in the following benefits:

  1. the creation of new job opportunities in New Zealand;
  2. increased productivity in New Zealand; and
  3. the introduction into New Zealand of development investment for development purposes.
ContactPeter Liao/Peter Speakman
Kensington Swan
Private Bag 92101
AUCKLAND