Applicant
CONFIDENTIAL
Case number(s)
201010054
Decision date
Type
Decision
DecisionConsent Granted
Section 12(b) Overseas Investment Act 2005
Decision date7 July 2010
InvestmentCONFIDENTIAL
ConsiderationTo be advised
ApplicantCONFIDENTIAL
United States Public (56.37%)
Various overseas persons (18.585%)
Australian Public (18.48%)
United Kingdom Public (6.565%)
VendorCONFIDENTIAL
United States Public (52.6496%)
Various overseas persons (18.1584%)
Australian Public (17.2603%)
United Kingdom Public (11.9317%)
Background

CONFIDENTIAL

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

Overseas Investment Act 2005
17(2)(a)(i) – Creation/Retention of jobs
17(2)(a)(ii) – New technology or business skills

Overseas Investment Regulations 2005
28(b) – Key person in a key industry
28(c) – Affect image, trade or international relations

More informationMichael Pollard
Simpson Grierson (Auckland)
Private Bag 92518
Wellesley Street
AUCKLAND