Applicant
Pan Pac Forest Products Limited
Case number(s)
201900044
Decision date
Type
Decision
DecisionStanding Consent (special forestry test) granted
Sections 12 and 23A Overseas Investment Act 2005
Decision MakerThe Minister for Land Information and the Associate Minister of Finance
Decision Date19 September 2019
Pathway(s)Sensitive land – standing consent - special forestry test
InvestmentOverseas investments in yet to be identified sensitive land.
ApplicantPan Pac Forest Products Limited
Japanese Public (74.6%)
United States Public (11.68%)
United Kingdom Public (6.35%)
Various overseas persons (6.1%)
Belgium Public (1.27%)
Background

The Applicant is a fully integrated forest products company. Its business includes growing, processing and marketing timber. The Applicant produces lumber at its Whirinaki and Milburn processing plants.

This standing consent under Schedule 4(3) of the Act has been granted in accordance with the special forestry test set out in section 16A(4) of the Act.

This standing consent will permit the Applicant:

  • to acquire up to 20,000 hectares of yet to be identified sensitive land;
  • a maximum of 25 transactions by 1 October 2022 (the duration of the standing consent).

This standing consent will act as a form of pre-approval whereby the Applicant must notify the Overseas Investment Office each time it settles a transaction in relation to this standing consent.

More informationPaul Foley
Minter Ellison Rudd Watts
PO Box 2793
WELLINGTON