Decision number200620019
Application number200620012
Date31 July 2006
Offeror/applicantORIX New Zealand Limited
Ultimate applicant beneficial ownership100 percent - Japan, ORIX Corporation
Beneficial overseas ownership 
- Asset currentN/A
- Asset proposedN/A
- Share current100 percent
- Share proposed100 percent
Offeree(s)/seller(s)UDC Finance Limited
100 percent - Australia, ANZ Banking Group Limited
Business activitiesTransport & Storage - Road Transport
Details of land involvedNone
Regions involvedVarious
Total considerationCONFIDENTIAL
Consent SoughtTo acquire up to 100 percent of the shares of Truck Leasing Limited.
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 is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

CONFIDENTIAL

ContactCraig Nelson/Marina Andrew
Simpson Grierson
Private Bag 92518
AUCKLAND