Applicant
Bernard Jean Sabrier
Case number(s)
201310009
201310027
201310028
Decision date
Type
Decision
Decision Consent granted
Section 12(a) Overseas Investment Act 2005
Decision date 11 April 2013
Investment

An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately:

  • 20 hectares of land being Lot 10 DP 346421 Mataka Station, Purerua Peninsula, Bay of Islands; and
  • 50 hectares of land being Lot 21 DP 323083 Mataka Station; and
  • 53 hectares of land being Lot 35 DP 363154 Mataka Station; and
  • 3 hectares of land being Part Lot 6 DP 323083 Mataka Station.
Consideration
  • $1,350,000 (Lots 10 & 21)
  • $750,000 (Lot 35)
  • $1 (Part Lot 6)
Applicant Bernard Jean Sabrier
Switzerland (100%)
Vendor

Bank of New Zealand (Lots 10 & 21)
Australia (100%)

Trustees of the Smith Family Trust (Lot 35)
New Zealand (100%)

W & M Hunt (Part Lot 6)
New Zealand (100%)
Background

The Applicant intends to acquire the land to preserve and enhance the natural environment in the vicinity of the properties he already owns at Mataka Station.

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

Overseas Investment Act 2005
17(2)(a)(i) – Creation/Retention of jobs
17(2)(a)(v) – Additional investment for development purposes
17(2)(b) – Indigenous vegetation/fauna

Overseas Investment Regulations 2005
28(a) – Consequential benefits
28(e) – Previous investments
28(f) – Advance significant Government policy or strategy
More information Christopher Green/Bill Sandston
Chapman Tripp
PO Box 2206
AUCKLAND 1140