This section contains information about the assessment of the likely benefit to New Zealand arising from the factor relating to previous investments.
Whether the relevant overseas person has previously undertaken investments that have been, or are, of benefit to New Zealand (r28(e))?
Key elements of this factor
There are two key elements to this factor:
- The relevant overseas person must have previously undertaken investments.
- The previous investments must have been, or are, of benefit to New Zealand.
This factor relates to previous investments undertaken by the relevant overseas person. The previous investments are not limited to other overseas investments that required consent under the Overseas Investment Act, therefore other investments in New Zealand by the relevant overseas person may be relevant.
Benefit to New Zealand
In order to meet the requirements of this factor the previous investment must have been of benefit to New Zealand. Investments that have not yet resulted in benefits to New Zealand are irrelevant.
Relevant overseas person
The previous investments must have been undertaken by the relevant overseas person (or one of the entities who make up the relevant overseas person). Investments made through a subsidiary may also be relevant.
Making a claim
Provide the following information when making a claim under this factor:
- Previous Investments:
A brief description of the previous investments undertaken by the relevant overseas person.
A brief description why the previous investments have been or continue to be of benefit to New Zealand. For example, 120 full time equivalent employees, with ten new job opportunities created in New Zealand in the last 12 months; export receipts of $170 million in last financial year, which have increased by $100 million in the last 24 months; and, $10 million of additional investment has been introduced into New Zealand and used to build a new factory last year etc.
- Case Number:
If applicable, case numbers for previous consents and references to any relevant post consent reports.
An applicant should include sufficient evidence to show that the previous investments have been undertaken and have been, or are, of benefit to New Zealand.