Decision number | 200810052 |
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Application number | 200810024 |
Date | 29 May 2008 |
Offeror/applicant | Hancock (Andrew Robert) & Erakovic (Eleanor Maria) |
Ultimate applicant beneficial ownership | 50 percent - Australia, Hancock (Andrew Robert) 50 percent - Australia, Erakovic (Eleanor Maria) |
Beneficial overseas ownership | |
- Asset current | 0 percent |
- Asset proposed | 100 percent |
- Share current | N/A |
- Share proposed | N/A |
Offeree(s)/seller(s) | Trueman (Dorothy Clare) and Glennon (Deborah Jane) of New Zealand |
Business activities | Lifestyle Property |
Details of land involved | 13.2402 hectares of freehold situated at Rhodes Road, Manuka Gorge, Clutha, Otago being CT OT13C/799 (Otago Registry). |
Regions involved | Otago |
Total consideration | $310,000 |
Consent sought | To 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 the overseas investment, and that the Applicants have demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that the Applicants are of good character and are not an individual of the kind referred to in section 7(1) of the Immigration Act 1987. Background to the Investment: Andrew Hancock is a Senior Legal Officer with the Commonwealth Department of Immigration and Citizenship. His wife, Eleanor Erakovic, is a professional dancer and teacher of dance in Canberra. The Applicants have sold their property in Australia with the intention of immigrating to New Zealand. Outline of the Investment: Rationale for the Investment
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Contact | Richard Cantrell Rodgers & Associates PO Box 6200 DUNEDIN 9059 |