Applicant
Shorten (Peter and Susan Lorraine)
Case number(s)
200720072
Decision date
Type
Decision
Decision number200720072
Application number200720076
Date7 December 2007
Offeror/applicantShorten (Peter and Susan Lorraine)
Ultimate applicant beneficial ownership100 percent - Australia, Australian Public
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Glebe Farming Limited
100 percent - New Zealand, Grant (David James & Roslyn Joy)
Business activitiesLifestyle Property
Details of land involved13.901 hectares of freehold situated at Barkers Road, Methven, Canterbury being CT 301478 (Canterbury Registry).
Regions involvedCanterbury
Total consideration$534,375
Consent soughtTo acquire 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.
Rationale

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the Applicants have business experience and acumen relevant to and are demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicants are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987 and that the Applicants are intending to reside in New Zealand indefinitely.

Outline and Rationale for Proposed Investment:
The Applicants intend to shift to New Zealand and build a home to reside in permanently. The Applicants wish to move for lifestyle reasons. The property is located near the Mt Hutt ski field, where Mr and Mrs Shorten intend to ski during the winter months.

ContactZoe Bond
Russell Moon & Fail
PO Box 22
ASHBURTON