Overseas investment decision for case 201520029 - Maria Lisa Gigney, Dale Andrew Long and Paul Joseph Dorrance as trustees of the Gigney and Long Family Trust | Toitū Te Whenua

Applicant: Maria Lisa Gigney, Dale Andrew Long and Paul Joseph Dorrance as trustees of the Gigney and Long Family Trust
Case number(s): 201520029
Decision date: 24 Nov 2015
Type: Decision

Decision	Consent granted Section 12(a) Overseas Investment Act 2005
Decision Date	24 November 2015
Investment	An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 7.437 hectares of land at 72 Matangi Rd, Tuki Tuki Valley, Havelock North.
Consideration	$890,000
Applicant	Maria Lisa Gigney, Dale Andrew Long and Paul Joseph Dorrance as trustees of the Gigney and Long Family Trust Australia (100%)
Vendor	Waiparemo Holdings Limited Charles Arthur John Whyte, New Zealand (100.0%)
Background	The trustees will purchase the land to provide a residence for Maria Gigney and Dale Long, 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	Paul Dorrance & Bridget McCormick Duncan Cotterill PO Box 5 CHRISTCHURCH