OIO Decision Summaries & Statistics - December 2006
The Overseas Investment Office has released the decisions and statistical information for December 2006.
| Decision number | Description | html | |
|---|---|---|---|
| D200620073 | Gibbston Valley Lodge NZ LLC | view as pdf 21KB | view as html |
| D200620074 | CDL Hospitality Trusts | view as pdf 18KB | view as html |
| D200620075 | Hamnett (Keith & Susan Jane) of UK | view as pdf 19KB | view as html |
| D200620076 | CAID Pty Limited | view as pdf 22KB | view as html |
| D200620077 | Confidential | view as pdf 16KB | view as html |
| D200620078 | Nikko Principal Investments Ltd | view as pdf 18KB | view as html |
| D200620079 | Middle Mount Forest Ltd | view as pdf 20KB | view as html |
| D200620080 | MFS Limited | view as pdf 19KB | view as html |
| D200620081 | Cavotec Group Holdings NV | view as pdf 19KB | view as html |
| D200620082 | Holcim (NZ) | view as pdf 19KB | view as html |
| D200620083 | Olsen and Company Limited of New Zealand | view as pdf 20KB | view as html |
| D200620084 | Macquarie Goodman Property Trust | view as pdf 21KB | view as html |
| D200620085 | Suncorp-Metway Ltd of Australia | view as pdf 19KB | view as html |
| D200620086 | Blackfish Limited | view as pdf 22KB | view as html |
Deletions
Schedule of deletions in terms of section 17 of the Official Information Act 1982 and under the provisions of sections 9(2)(b)(ii) and 9(2)(ba)(i) of that Act.
Decision No. D200620077
Statistical information on Overseas Investment Office decisions for December 2006
The following statistical information shows consents granted or declined by the Overseas Investment Office for the sale of New Zealand land, business assets and fishing quota to overseas persons. It does not necessarily indicate that a sale has taken place or will take place. In addition, if a transaction for which consent is granted does proceed to sale, that sale will always take place after the consent has been granted. The settlement date will depend on the contractual arrangements between the vendor and the purchaser.
Value of investments to New Zealand
The table below shows the net dollar investment value to New Zealand and gross value of consideration of consents granted to overseas persons in December 2006 and for the twelve months to December 2006.
Net investment dollars
"Net investment dollars" represent the total dollar value invested in New Zealand. For example, if a New Zealander sells a $100 million business to an Australian then the whole $100 million is added to the net investment total. However, if for instance the New Zealand asset was 100% Japanese owned, then $0 would be added to the net investment total. Thus, the net change in ownership of New Zealand assets is captured in the "total" net investment figure.
Gross value of consideration
"Gross value of consideration" represents the total consideration including GST (if any) to be paid for the acquisition of the assets under consents granted during the relevant period. The "gross value of consideration" figure may include consideration paid by New Zealanders (for example, an acquisition of a business by a New Zealand/Australian joint venture), and will not reflect the net change in ownership of New Zealand assets.
The reference to "consideration" in the decision sheets and in this statistical information can refer to the amount proposed to be paid for the acquisition by the purchaser, or it can refer to the value of the securities (eg shares), or the value of the assets (eg of the company).
| December 2006 | 12 months to Dec 2006 | 12 months to Dec 2005 | |
|---|---|---|---|
| Number of approvals | 13* | 160 | 179 |
| Net Investment $ | Confidential | 3,883,227,734 | 2,962,247,719 |
| Gross value of consideration | Confidential | 20,467,383,308 | 14,168,258,652 |
* In addition there was 1 retrospective approval granted during the month. This involved a net investment of $0 and gross consideration of $1,600,000.
Total land area approved for sale to overseas persons
The tables below show the net and gross area of land (in hectares) for which consent was granted to overseas persons in December 2006 and for the twelve months to December 2006.
Net hectares
"Net hectares" represents the total land area proposed to be transferred into foreign ownership under consents granted during the relevant period. For example, if a New Zealander sells 10 hectares to someone from overseas, the whole 10 hectares is shown. However, if the seller was a company that was 50% New Zealand owned and 50% foreign owned then only five hectares would show in that column. Five hectares represents the "net" change in foreign ownership of New Zealand land.
Gross hectares
"Gross hectares" represents the total land area proposed to be acquired under consents granted during the relevant period. The figure will not show the seller's New Zealand ownership share (if any) (unlike the "net hectares" figure) and will include land that is proposed to be acquired by New Zealand interests as well as overseas interests (for example, under a New Zealand/Australian joint venture).
Freehold land approved for sale
| December 2006 | 12 months to Dec 2006 | 12 months to Dec 2005 | |
|---|---|---|---|
| Number of approvals | 6* | 115 | 146 |
| Net land area (ha) | 729 | 198,346** | 48,287 |
| Gross land area (ha) | 755 | 294,819 | 150,003 |
* In addition there was 1 retrospective approval granted during the month. This involved a a net land area of 0 hectares and a gross land area of 155 hectares.
** The increase in the net land area is the result of one transaction, being a consent granted in October 2006, to Hancock Natural Resource Group to indirectly acquire (from Carter Holt Harvey) 176,902 hectares of freehold land.
Other interests in land approved for sale (for example leases and crown pastoral leases)
| December 2006 | 12 months to Dec 2006 | 12 months to Dec 2005 | |
|---|---|---|---|
| Number of approvals | 1 | 30 | 28 |
| Net land area (ha) | 460 | 71,937* | 3,688 |
| Gross land area (ha) | 708 | 101,921 | 16,071 |
* The increase in the net land area is the result of one transaction being a consent granted in October 2006 to Hancock Natural Resource Group to indirectly acquire (from Carter Holt Harvey) 63,615 hectares of leasehold land.
Approvals under the Fisheries Act 1996
The table below shows the net fishing quota for which consent was granted to overseas persons in December 2006 and for the twelve months to December 2006.
| December 2006 | 12 months to Dec 2006 | 12 months to Dec 2005 | |
|---|---|---|---|
| Number of approvals | 0 | 1 | 0 |
| Net tonnes of quota | 0 | Up to 5,000 | 0 |
| Gross land area (ha) | 0 | Up to 5,000 | 0 |
Applications declined
The table below shows investments for which consent was declined in December 2006 and for the twelve months to December 2006.
| December 2006 | 12 months to Dec 2006 | 12 months to Dec 2005 | |
|---|---|---|---|
| Number of approvals | 0 | 3 | 2 |
| Net tonnes of quota | 0 | 2,251,251 | 1,590,000 |
| Gross land area (ha) | 0 | 31 | 20 |
For more information contact:
Overseas Investment Office
Land Information New Zealand
Ph: 04 462 4490
oio@linz.govt.nz
