| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 21 August 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1.6128 hectares of land, together with a 1/7 share in 7309 m2 of land at 197 Kina Peninsula Road, Tasman. |
| Consideration | $750,000 |
| Applicant | Jane Helen Zealand, Paul Alan Zealand & HF Law Trustees Limited as trustees of The Zealand Family Trust Australia (100%) |
| Vendor | Philip Murray Wratt New Zealand (100%) |
| Background | The trustees will purchase the land to provide a home for Jane and Paul Zealand, who intend to migrate to New Zealand and reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Jon Tidswell Hamish Fletcher Lawyers PO Box 3401 Richmond NELSON 7020 |