Overseas investment decision for case 201520024 - Scott Taylor and Rebecca Nelson | Toitū Te Whenua

Decision	Consent granted Section 12(a) Overseas Investment Act 2005
Decision Date	11 November 2015
Investment	An overseas investment in sensitive land, being the Applicants acquisition of: a freehold interest in approximately 0.4103 hectares of land at 14 Carlin Creek Drive, Queenstown. a freehold interest in a 1/39th share of 2.7510 hectares and a 1/39th share of 0.8650 hectares of land at Lakeside Estate, Queenstown.
Consideration	$730,000
Applicant	Scott Taylor and Rebecca Nelson Australia (100%)
Vendor	Lynette Therese Erceg New Zealand (100%)
Background	The Applicant is acquiring the land for use as a residence and will contribute to the Wakatipu LandSAR Group and the Wakatipu Wilding Conifer Control Group Inc. 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 of Jobs Overseas Investment Regulations 2005 28(a) – Consequential benefits 28(e) – Previous investments
More information	Vanessa Robb Anderson Lloyd Lawyers PO Box 13-831 CHRISTCHURCH