Applicant
Hemingway (Richard & Michele)
Case number(s)
200820008
Decision date
Type
Decision
Decision number200820008
Application number200810077
Date14 July 2008
Offeror/applicantHemingway (Richard & Michele) of Australia
Ultimate applicant beneficial ownership100 percent - Australia
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Leith, John & Colleen of New Zealand
Business activitiesLifestyle Property
Details of land involved6.8175 hectares of freehold situated at 1044 State Highway 6, Lake Hawea, Central Otago being Certificate of Title 34321 (Otago Registry).
Regions involvedOtago
Total consideration$1,280,000
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 collectively 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 individuals of the kind referred to in section 7(1) of the Immigration Act 1987 and the Applicants are intending to reside in New Zealand indefinitely.

Background to the Investment:
The Applicants are an Australian couple who wish to move to New Zealand with their three sons for lifestyle reasons. Richard Hemingway is an accountant and Michele Hemingway is a naturopath.

Outline of the Investment:
The Applicant is purchasing the freehold interest in the land and all existing improvements.

Rationale for the Investment:
The land is a lifestyle property. Purchasing it will allow the Applicants to live in New Zealand indefinitely.

ContactJanice Hughes
AWS Legal
PO Box 50
Wanaka 9343