Applicant
Chi Hang (Ross) Lao, Benjamin Wayne Foote, Hing Fai (Andy) Lau, and Andrew Shiu Shan Chan
Case number(s)
202500011
Decision date
Type
Decision
Decision

Consent granted
Section 12(1)(a) Overseas Investment Act 2005

Decision maker

Toitū Te Whenua Land Information New Zealand

Decision date

4 April 2025

Pathway

Sensitive land - Farm land benefit test

Investment

Acquisition of a freehold interest in approximately 16 hectares of sensitive land at 290 Thornton Road, Cambridge

ConsiderationWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
Applicant

Chi Hang (Ross) Lao, Benjamin Wayne Foote, Hing Fai (Andy) Lau, and Andrew Shiu Shan Chan
Australia 70%
New Zealand 30%

Vendors

Bruce Harvey and Maureen Harvey as partners of Ascot Farm Partnership
New Zealand 100%

Background

The Applicants are individuals with existing working relationships in the New Zealand thoroughbred horse racing industry. 

The land is currently used for spelling horses (resting between races). The Applicants intend to operate a thoroughbred racehorse training and spelling facility on the land.

The main benefits to New Zealand are likely to include export receipts, increased productivity, job creation, and capital expenditure. The investment will also advance the Government’s policy of improving New Zealand’s horse racing industry contribution which is a proposed outcome of the Government’s Racing Industry Amendment Bill.

Consent was granted as the Applicants have met the investor test criterion and the investment is likely to benefit New Zealand.

More information

Susie Kilty
Buddle Findlay (Wellington)
PO Box 2694
WELLINGTON 6140