Overseas Investment Office
Radio New Zealand House
155 The Terrace
Our Ref: 202000239
PO Box 5501
Wellington 6145
14 August 2020
New Zealand
TO: James Fletcher Drive Asset Pty Ltd as trustee of the Logos +64 4 460 0110
www.linz.govt.nz
James Fletcher Drive Asset Trust
BY EMAIL
CC BY EMAIL: David Butler and Andrew Davie
ACT
CONSENT FOR YOU TO ACQUIRE LAND AT JAMES FLETCHER DRIVE
1.
We1 have now considered, and approved, your application for consent to
acquire freehold interest in approximately 17.1495 hectares of land at James
Fletcher Drive.
2.
We enclose a copy of the decision. You will see it contains some important
details of the consent you have been given, and of the conditions you must
meet.
3.
These include standard conditions that apply to all overseas people who are
given consent to acquire sensitive New Zealand land. They also include special
conditions that apply only to you and were important considerations
INFORMATION that
particularly influenced our decision to give consent.
4.
The conditions are about the things you must do in order to be allowed to
acquire, and keep, the land. They also require you to provide information to us
either regularly or when particular events occur.
5.
Please read the conditions carefully and make sure you put processes
in place so you can meet them. This is impor
OFFICIAL
tant because if you do not
meet the conditions, you may be required to dispose of the land and/or
be subject to fines or other penalties.
THE
6.
You can find information about these penalties and how we monitor and enforce
them on our website at: http://www.linz.govt.nz/regulatory/overseas-
investment/enforcement.
7.
Your legal advisers can advise you about the conditions and about the
consequences of failing to comply with them, but only you are responsible for
UNDER
complying with them.
8.
We look forward to hearing about the progress of your investment.
Yours sincerely
RELEASED
Sherlene Ho
Solicitor
Overseas Investment Office
DDI: 04 474 1017
Email: [email address]
1 Your consent has been granted either by the Associate Minister of Finance and the
Minister of Land Information, or by a manager at the Overseas Investment Office, acting
under delegated authority from the Chief Executive of Land Information New Zealand.
proprietor),
(f)
the purchaser is not your associate.
Reporting conditions
We need information from you about how your Investment Plan is tracking so we can
monitor your progress against the Conditions and so we can measure the benefits you
ACT
have brought to New Zealand through your investment.
You must lodge an
annual report. It must:
1.
be sent to
[email address] by these dates:
(a)
Year one: 31 July 2021
(b)
Year two: 31 July 2022
(c)
Year three: 31 July 2023
INFORMATION
2.
contain information about:
(a)
your progress in implementing the special conditions,
(b)
details of any construction undertaken, permits applied for, or resource
consents granted (including copies of any resource consents obtained); and
(c)
the amount of FTE(s) employed on the Land (whether temporary or
ongoing), their roles, and their salaries;
OFFICIAL
3.
follow the format of the template annual report published on our website at
https://www.linz.govt.nz/overseas-investment/enforcement/how-we-take-action
THE
4.
If requested in writing by the OIO, the Consent Holder(s) must provide a written
report within 20 working days (or such other timeframe as specified) on any matter
relating to its compliance with:
(a)
The representations and plans made or submitted in support of the
application and notified by the regulator as having been taken into account
UNDER
when the content was granted or
(b)
The conditions of this consent.
RELEASED
