| Decision | Consent granted retrospectively Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 19 December 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 985.7470 hectares of land at Rewa Rewa Station, located at 166 Rewa Rewa Road, Tinui, Masterton. |
| Consideration | $5,192,930 |
| Applicant | Rodney Clutton & Patrizia Vieno Patrizia Vieno, Italy (100.0%) |
| Vendor | Robert Douglas Cameron & Donald Graham Dobson New Zealand (100%) |
| Background | The Applicants, who intend to reside in New Zealand indefinitely, are acquiring the property so they can live and work on the farm. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005 |
| More information | Charlie Brown Rhodes & Co. PO Box 13444 CHRISTCHURCH |
| Retrospective penalty | $10,000 |