DecisionConsent granted retrospectively
Section 12(a) Overseas Investment Act 2005
Decision Date1 September 2016
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 79.3364 hectares of land at 185 Sandspit Road, Warkworth.
Consideration$4,480,000
ApplicantHong Zhongliang, Ke Xueli, Gu Xinrong and IRL Investment Limited
China, People's Republic of (100%)
VendorMortimer (John) and Mortimer (Erin Leslie)
New Zealand (100%)
Background

The sensitive land was acquired by the Applicants in 2012 without seeking consent under the Overseas Investment Act 2005. Consent was required as the land is more than 5 hectares of non-urban land. The application for consent was submitted retrospectively.

Consent was declined as the delegated decision maker was not satisfied that all of the criteria in section 16 were met.

More informationJoe M Windmeyer
Russell McVeagh
PO Box 8
AUCKLAND
Retrospective penaltyn/a