| Notification | Notification of a transaction under a Standing Consent Section 23A and Schedule 4 (2) Overseas Investment Act 2005 |
|---|---|
| Notification number | 8 (of 15) |
| Decision date | 7 December 2023 |
| Pathway(s) | Incidental and Non-Residential Use (Standing Consent) |
| Investment | Acquisition of a freehold interest in approximately 0.0933 hectares at 79 Kenny Street, Waihi, Hauraki District |
| Asset value | $575,000 |
| Consent holder | Oceana Gold (New Zealand) Limited United States of America 42% United Kingdom 25% Canada 11% Australia 8% Various 14% |
| Vendor | Esera Salelea and Sharna Mary Salelea |
| Background | The Consent Holder was granted a residential standing consent under the incidental residential and non-residential use pathways on 6 October 2020. The consent permits it to acquire up to 75ha of residential (but not otherwise sensitive) land within the Hauraki District Council territory for purposes related to its mining activities in Waihi. The notified transaction is the eighth under the standing consent. The Consent Holder made this acquisition to comply with conditions of its resource consents and intends to on-sell the land. |
| More information | Alistair Moore Anderson Lloyd Lawyers Private Bag 1959 Dunedin 9054 |