Section 12(a) Overseas Investment Act 2005
|Decision Date||13 July 2017|
|Investment||An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 5.0005 hectares of land at 473 Kauaeranga Valley Road, Thames, Thames-Coromandel.|
|Applicant||Ailsa and George Wilson|
Ailsa Jane Wilson, Australia (50.0%)
George Bruce Duncan Wilson, Australia (50.0%)
New Zealand (100%)
The Applicants have satisfied the OIO that they intend to obtain New Zealand residency and reside in New Zealand indefinitely.
Overseas persons intending to reside in New Zealand indefinitely are not required to show that their investment in sensitive land is likely to benefit New Zealand. This is because the ownership of that land will assist new migrants to settle in New Zealand and the benefits of the proposed migration will be considered under immigration legislation.
|More information||Greg Allen|
Private Bag 92518