Applicant
CONFIDENTIAL
Case number(s)
200821565
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision date28 January 2009
InvestmentCONFIDENTIAL
ConsiderationCONFIDENTIAL
ApplicantCONFIDENTIAL
Australia (71.42%)
Various (26.53%)
United Kingdom (except Isle of Man and the Channel Islands) (1.35%)
New Zealand (0.35%)
United States of America (0.35%)
VendorCONFIDENTIAL
New Zealand (100.0%)

CONFIDENTIAL
Various (100.0%)
Background

The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisified by particular reference to the following factors:

Overseas Investment Act 2005
17(2)(a)(i) – Creation/Retention of jobs
17(2)(a)(iv) – Added market competition/Productivity

Overseas Investment Regulations 2005
28(e) – Previous investments
28(f) – Advance significant government policy or strategy

More informationJames Martin
Kensington Swan (Auckland)
Private Bag 92-101
AUCKLAND