| Decision | Consent granted retrospectively Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 8 May 2026 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 17.1 hectares of land at 126 Muir Road, Karaka, Papakura (Land) |
| Consideration | $1,858,500 |
| Applicant | Muir Road Partnership New Zealand 67% Australia 33% |
| Vendors | William Walker Sharplin, Elaine Gay Sharplin, Allan Royals Fell & Craig Wyles Inder as Trustees of the WW & WG Sharplin Family Trust |
| Background | Muir Road Partnership is an unincorporated New Zealand partnership formed to own and lease land in New Zealand. This is a retrospective application as the Land was acquired in 2015 without consent under the Act. The Applicant voluntarily reported the breach to LINZ. Retrospective consent was considered to be appropriate given the inadvertent nature of the breach. The land has been used as a Ministry for Primary Industries-approved quarantine facility for imported horses. The main benefits to New Zealand are capital expenditure, job creation, increased productivity and advancing significant government policy. Retrospective consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Alan Lear Barrister Barrister www.antitrust.co.nz |