| Decision | Consent granted Section 12(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 October 2024 |
| Pathway | Sensitive land – Special forestry test (one off) |
| Investment | The transfer of shares. Withheld under s9(2)(a) of the Official Information Act. |
| Applicant | Withheld under s9(2)(a) of the Official Information Act United States of America 100% |
| Transferor | Withheld under s9(2)(a) of the Official Information Act United States of America 100% |
| Background | The Transferor is an individual that intends to transfer to their children, being the Applicant, shares in an entity that owns forestry properties in New Zealand. The use of the land for commercial forestry purposes will not change as a result of the investment. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. |
| More information | Pavanie Edirisuriya DLA Piper New Zealand |