Decision Summary - William John Tinning

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Decision Consent granted
Section 12(a) Overseas Investment Act 2005
Decision date 1 October 2009
Investment An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 18.1110 hectares of land at McFelins Rd, Cromwell.
Consideration CONFIDENTIAL
Applicant William John Tinning
United States of America (100.0%)
Vendor Gary Anthony Anderson and Jacqueline Marie Rose-Anderson
New Zealand (100.0%)
Background The Applicant intends to plant 5 to 6 hectares of the Land in a combination of apricots and cherries, with organic apples also being a future possibility. It is expected that the first harvest will be within three years of planting.

The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors:
  • Overseas Investment Act 2005
    • 17(2)(a)(i) – Creation/Retention of jobs
    • 17(2)(a)(iii) – Increased export receipts
    • 17(2)(a)(v) – Additional investment for development purposes
    • 17(2)(a)(vi) – Increased processing of primary products
  • Overseas Investment Regulations 2005
    • 28(c) – Affect image, trade or international relations
More information Elliot Goldman
Macalister Todd Phillips
PO Box 653
QUEENSTOWN

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