| Decision | Consent granted Section 12(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 3 August 2026 |
| Pathway | Sensitive land - Production Forestry |
| Investment | Transfer by way of a gift of 26,405 shares in Cainard Run Limited |
| Consideration | $0 |
| Applicants | Tempest Trust Company Pvt Ltd as trustee of the Bluewater 720530 2026 Trust Tempest Trust Company Pvt Ltd as trustee of the Bluewater 811027 2025 Trust |
| Transferor | Thomas Robert Douglas Harpur New Zealand 100% |
| Background | The Transferor is transferring the equivalent of 50% of the share capital in Cainard Run Limited to two trusts that are for the benefit of himself, his daughter and his nephew. Cainard Run Limited holds freehold interests in approximately 4,730 hectares of sensitive land at Cainard Run and Glenmore Station in Southland. Approximately 2,758 hectares of the land was planted in trees used for production forestry, between 2001 and 2005. The Applicants intend to continue using the land for forestry purposes. Consent was granted as the national interest test was met. |
| More information | Pavanie Edirisuriya DLA Piper New Zealand 15 Customs Street West Auckland 1010 |