| Decision | Consent declined Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | The Minister for Land Information and the Associate Minister of Finance |
| Decision Date | 28 September 2019 |
| Pathway(s) | Sensitive land – substantial and identifiable benefit to New Zealand |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of land at Hawkes Bay being Withheld under s9(2)(b)(ii) of the Official Information Act |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act |
| Applicant | A New Zealand Limited Partnership which is ultimately owned by an American couple being Withheld under s9(2)(a) of the Official Information Act |
| Vendor | Withheld under s9(2)(a) and s9(2)(b)(ii) of the Official Information Act |
| Background | Investment The Applicant intended to continue to operate the land as a luxury lodge, using the existing lodge manager and increasing the number of staff. The Applicant had plans to extend the lodge, which would result in some increase in export revenue and competition in the luxury lodge industry. Assessment The overall assessment, having regard to the rural land directive, was that the overseas investment was likely to benefit New Zealand but that the benefit was not substantial and identifiable within the context of the investment being the acquisition of approximately 30 hectares of land. |
| More information | John Brown Brown Partners Lawyers P O Box 1496 Auckland 1140 |