| Decision | Section 23A Overseas Investment Act 2005 Schedule 4(2) – Residential land – standing consent |
|---|---|
| Notification number | 5 (of 15) |
| Decision date | 17 January 2023 |
| Investment | An overseas investment in residential-only sensitive land, being the consent holder’s acquisition of a freehold interest in approximately 0.0359 Hectares of Land at 6 Gilmour Street, Waihi, Hauraki District |
| Consideration | $740,000 |
| Consent holder | Oceana Gold (New Zealand) Limited United States of America 42% United Kingdom 25% Canada 11% Australia 8% Various 14% |
| Background | The Consent Holder was granted a standing consent under the incidental residential and non-residential use tests on 6 October 2020. The consent permits the Consent Holder to acquire up to 75ha of residential (but not otherwise sensitive) land in up to 15 transactions of 5 ha per transaction, within the Hauraki District Council territory. The transactions comprise the fifth acquisitions of land by the Consent Holder under their standing consent. Under the standing consent the Consent Holder is permitted to acquire residential land for various purposes related to its mining activities in Waihi. The Consent Holder intends to lease the land until mining activity commences/ or while mining takes place. |
| More information | Alistair Moore Anderson Lloyd Lawyers Private Bag 1959 Dunedin 9054 |