Decision number200520087
Application number200520102
Date24 November 2005
Offeror/applicantStiers (William Richard and Kari Moe) of United States of America
Ultimate applicant beneficial ownership100 percent - United States of America
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Rohan (Mark Andrew) of New Zealand
Business activitiesLifestyle Property
Details of land involved1.0162 hectares of freehold situated at Broadview Road, Point Veronica, Opua being CT NA82D/80 (North Auckland Registry).
Regions involvedNorthland
Total consideration$1,250,000
Consent SoughtTo acquire an estate or interest in land which together with any associated land exceeds 0.4 hectares and adjoins any scientific, scenic, historic, or nature reserve under the Reserves Act 1977 that is administered by the Department of Conservation and that exceeds 0.4 hectares in area.
Rationale

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant are of good character and are not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

The Applicants who are applying for New Zealand permanent residency under the Skilled Migrant category, propose to acquire the subject property for a permanent residence.

The Applicants are demonstrating a commitment to New Zealand through applying for and taking up New Zealand permanent residency.

ContactNicole Prosser
Law Direct
PO Box 497
KERIKERI