DOIA 23 022 2022 08 16 Assessment Report McDonalds Redacted.pdf

OVERSEAS INVESTMENT OFFICE
Toitu Te Whenua
Land Information
New Zealand
To:
Marcus McMillan, Principal Advisor, Applications
ASSESSMENT REPORT: McDonald's Restaurants (New
Zealand) Limited
Date
3 May 2022
Classification
IN CONFIDENCE:
Commercially sensitive
010 reference
202100805
Suggested
9 May 2022 being the
deadline
commercial deadline
1982
Purpose
Act
We seek your decision on an application for consent to acquire an interest in residential (but
not otherwise) sensitive land under the Non-residential use test in the Overseas Investment
Act 2005 (Act).
This decision has been delegated to the 010.1
Action sought
1.
Review this report.
Information
2.
Determine whether to grant consent and, if so, on what conditions.
3.
Indicate your decision from page 2.
Key information
Official
Applicant
McDonald's Restaurants (New Zealand) Limited
United States of America
the  (27.67%), Norway (1.03%), Various (71.30%)2
Vendor
Build Rich Limited
Land
Approximately 0.2866ha of land at s9(2)(b )(ii)
under
Silverdale, Auckland
Consideration
1®191®mll
Application type
Sensitive land - Non-residential use test
Relevant tests
Investor test: s 16( 1 )(a) and s 18A
Released Non-residential use test: s 16(1)(b)(i)(C)
National interest test: s 16(1 )(g)
1  All decisions where the land is residential but not otherwise sensitive are delegated to the 010 under
Table A, row C, item 1 of the Ministerial Delegation Letter dated 24 November 2021.
2 These percentages pertain to the geographical location of the top 10 largest owners of McDonalds
Corporation as at 6 May 2022. The top 10 owners hold 28.70% interest in  McDonalds Corporation.
202100805 - Page 1

Timing
4.
The Overseas Investment Regulations 2005 specify the total assessment timeframe for
this application is 55 days. This application is currently on day 39 therefore a decision
is due to the applicant by 30 May 2022.
5.
The commercial deadline, being the date to satisfy the Overseas Investment Office
consent condition is on 9 May 2022.
1982
Act
Information
Official
the
under
Released
202100805 - Page 2

A. Decision
Investor test
6.
I determine that:
6.1
The 'relevant overseas person' is (collectively):
Relevant overseas person
Role
McDonald's Restaurants (New Zealand) Applicant and Acquiring Entity
Limited (Applicant)
McDonald's Restaurant Operations Inc.
100% owner of the Applicant
(McDonald's Operations)
1982
6.2
The 'individuals with control of the relevant overseas person' are:
Act
Individuals with control
Role
David Graham Howse
1-------------------1 Director of the Applicant
Malcolm Ian Swan
Arosha Indra Sri Wijemuni
Malcolm W Hicks
Director of McDonald's Operations
Information
Thomas Dillon
Member of Applicant's governance
Daniel John Parkinson
structure for approving capital
investment and costs
Official
Chief Financial Officer of McDonald's
Robert John Sexton
Australia s9(2)(b )(ii)
the
6.3
One of the relevant overseas persons and individuals with control of the
relevant overseas person has established a factor contained in section 18A(4)
of the Act. However,
under I consider that it does not make any of the relevant
overseas persons or individuals with control unsuitable to invest in New
Zealand.
7.
I am satisfied that the investor test in section 18A of the Act has been met.
8.
I determine that the relevant business is the operation of the fast food chain
McDonald's (Relevant Business).
Released
9.
I am satisfied that:
1.1
the Relevant Business is likely to continue for a reasonable period of time; and
1.2
the Land is likely to be used for non-residential purposes in the ordinary
course of business for the relevant business; and
1.3
the Land is not likely to be used, nor held for future use, for any residential
purposes.
202100805 - Page 3

Transaction of national interest
10.
I note that the overseas investment is not a transaction of national interest as the
residential (but not otherwise sensitive) land exemption under regulation 3D(2)(a) of the
Overseas Investment Amendment Regulations 2020 applies and the Minister of
Finance has not notified it is a transaction of national interest under section 20B of the
Act.
Decision
11.
I am satisfied that the criteria for consent have been met (set out above). I grant
consent to the Investment in the form of the Proposed Decision in Attachment 4.
1982
Act
Marcus McMillan
Principal Advisor (Overseas Investment Office)
Date: 6 May 2022
Information
Official
the
under
Released
202100805 - Page 4

B.
Background and proposed transaction
12.
The Applicant is McDonald’s Restaurants (New Zealand) Limited, a company
incorporated in New Zealand (McDonald’s NZ or the Applicant). The Applicant
operates the fast food chain McDonald’s.
13.
The Applicant intends to acquire approximately 0.2866ha3 of land (Land) at s9(2)(b)(ii)
Silverdale, Auckland4 for s9(2)(b)(ii)
to construct and operate a new McDonald’s restaurant (Proposed Transaction). One
parcel of the Land is currently being subdivided by the vendor. It is a vacant
undeveloped land. The other is not currently owned by the vendor, however, the
agreement is conditional on them acquiring it from its current owner.
14.
Aerial photo of the Land and wider location can be found in Attachment 3.
1982
C.
Application of the Act
Act
15.
The Land is sensitive because it is residential (but not otherwise sensitive) land,5 so
consent is required.6  Because the application is being made under the non-residential
use test, the following criteria apply to this application:7
15.1
The investor test must be met.8
15.2
The non-residential use test must be met.9
15.3
You must also note whether the investment is a transaction of national interest
Information
and, if so, whether the Minister of Finance has decided that the investment is
contrary to New Zealand’s national interest.10
16.
In order to satisfy the non-residential use test, the decision-maker must be satisfied
that the following outcomes are met:11
Official
16.1
the Relevant Business is likely to continue for a reasonable period of time; and
16.2
the Land is likely to be used for non-residential purposes in the ordinary
course of business for the relevant business;
the
16.3
the Land is not likely to be used, nor held for future use, for any residential
purposes; and
16.4
The matters in 16.2 and 13.3 will, or are likely to, occur within a short period
under
after the overseas investment is given effect under the transaction.
17.
We assess the investor test in Part D, the Non-residential use test in Part E, and
discuss national interest matters in Part F.
D.
Applicant and investor test
Released
18.
This section describes the Applicant and assesses whether the investor test is met.
3 The land area is an approximation because this is subject to final survey.
4 It is expected that after the completion of the subdivision, a new street address will be assigned,
probably to be s9(2)(b)(ii)
5 Table 1, Part 1, Schedule 1 of the Act.
6 Under sections 10(1)(a) and 12(a)(i) of the Act.
7 Set out in sections 16(1) of the Act.
8 Section 16(1)(a) and 18A of the Act.
9 Section 16(1)(b)(i)(C) of the Act.
10 Section 16(1)(g) of the Act.
11 Schedule 2, Part 3 of the Act.
202100805 - Page 5

Relevant Business
19. McDonald's Corporation has more than 30,000 restaurants in more than 120 countries.
It serves meals to more than 50 million people everyday.
20. McDonald's Corporation opened its first restaurant in New Zealand in 1976 in Porirua.
Today, there are 171 McDonald's restaurants across New Zealand, with around one
million people visiting its restaurants every week. In New Zealand, 80 percent of
McDonald's restaurants are franchised by local people who own and operate their
restaurants as independent businesses.
Ownership
21. McDonald's NZ is a company incorporated in New Zealand in 1975.12
22. McDonald's NZ is wholly owned by McDonald's Restaurant Operations Incorporated
1982
(McDonald's Operations), a company in the United States of America.
23. McDonald's Operations is wholly owned by McDonald's Corporation, a company
Act
publicly-listed on the New York Stock Exchange. It is widely held.
24. A diagram of the proposed ownership structure is in Attachment 2.
Control
25. McDonald's NZ determines the location and feasibility of possible sites for its
restaurants. s9(2)(b )(ii)
Information
26. s9(2)(b )(i )
Official
27. The same process will be required in case the Land is disposed of.
28. McDonald's NZ manages the day-to-day running of its property portfolio in New
the
Zealand. When the restaurant is run by a franchisee, the franchisee would manage the
day-to-day restaurant operations.
29. For these reasons, we recommend that the 'relevant overseas person' is
(collectively): under
Relevant overseas person
Role
McDonald's Restaurants (New Zealand) Applicant and Acquiring Entity
Limited (Applicant)
McDonald's Restaurant Operations Inc.
100% owner of the Applicant
(McDonald's Operations)
Released
30. The Applicant and McDonald's Operations are controlled by their respective boards of
directors.
31. s9(2)(b )(i )
12 Previously known as McDonald's System of New Zealand until 2002.
202100805 - Page 6

32. s9(2)(b )(i )
33. Thus,  we recommend that the 'individuals with control of the relevant overseas
person' (IWC)13 are:
Individuals with control
Role
David Graham Howse
1-------------------1 Director of the Applicant
Malcolm Ian Swan
Arosha  Indra Sri Wijemuni
1982
Malcolm W Hicks
Director of McDonald's Operations
Thomas Dillon
Act
Member of Applicant's governance
Daniel John Parkinson
structure for approving capital
investment and costs
Chief Financial Officer of McDonald's
Robert John Sexton
Australia s9(2)(b )(ii)
Information
Summary of investor test
34. The Applicant has established the investor test factor contained in section
18A(4 )(a)(vii) of the Act.  It provides:
"whether A has entered, in the preceding 10 years,
Official  into an enforceable undertaking
or an equivalent agreement with any regulator in respect of any contravention or
alleged contravention of any enactment."
the
35. The Applicant has established this factor when it entered into an enforceable
undertaking with the Labour Inspectorate at the Ministry of Business, Innovation and
Employment (MBIE) pertaining to annual leave pay remediation.
36. The Applicant was found to be non-compliant with the Holidays Act 2003. A faulty
under
payroll system affected the Applicant, along with other New Zealand agencies and
companies.
37. The Applicant advises that it has, on its own behalf and on behalf of its franchisees,
worked with the Labour Inspectorate, its employees and employee union to remedy the
breach. It has already agreed with the regulator a method to calculate the payment due
to its employees. It is in the process of creating an online portal where the affected
Released
employees can claim remediation payment and expects that the first phase of
payments  will be made in the first half of 2022.
38. We consider this matter to be of minor or moderate significance that it is mitigated by
the Applicant's actions.  For the reasons set out above our conclusion is that the
investor test has been met.
13 Section  15.
202100805 - Page 7

E.
Investment plan and Non-residential use test
39.
This section describes the proposed investment and our assessment of whether it is
likely to meet the non-residential use test criteria in the Act.
Investment
Land
40.
The Land is residential (but not otherwise sensitive) land under the Act.  Further details
relating to the sensitive land are set out in Attachment 1.
41.
The total area of the Land is approximately 0.2866ha. It is currently part of two different
records of title and located at two addresses14:
1982
Record of Title
Address
Area (ha) to be acquired
s9(2)(b)(ii)
s9(2)(b)(ii)
Silverdale,
0.260915
Auckland
Act
s9(2)(b)(ii)
s9(2)(b)(ii)
Silverdale,
0.025716
Auckland
42.
The following image is from Google Maps showing the location of the Land:
s9(2)(b)(ii)
Information
Official
the
under
Investment Plan
43.
The Applicant intends to purchase the Land to construct and operate a new
McDonald’s restaurant.
Released
44.
Once constructed, the restaurant operation will be franchised. In New Zealand, 80% of
McDonald’s restaurants are franchised to local people who own and operate their
restaurants as independent businesses. The restaurant is expected to be operational in
the first quarter of 2023.
14 The Applicant has advised that the addresses are an approximation as there are no postal
addresses assigned to the land yet.
15 Total land area of Record of Title s9(2)(b)(ii)  is 5.0510 ha.
16 Total land area of Record of Title s9(2)(b)(ii)  is 8.0937 ha
202100805 - Page 8

45.
The franchisor wil be McDonald’s NZ. It will pay for all the building costs, including the
purchase of the Land. The franchisee will be granted a twenty-one-year lease and
license. The franchisee will fund the equipment cost for the restaurant.
46.
The Applicant has already entered into an agreement for sale and purchase (ASP) with
the vendor of the Land, Build Rich Limited (Vendor). The Vendor owns the land
comprised in Record of Title s9(2)(b)(ii) but not the land comprised in Record of Title
s9(2)(b)(ii) . s9(2)(b)(ii)
47.
The Vendor is undertaking subdivision of the area where the Land is located. The
Applicant has entered into the ASP at an arm’s length, and they have no pre-existing
relationship.
1982
48.
Other relevant conditions included in the ASP are:
Act
a.
The Applicant securing resource consent from the Auckland Council;
b.
The Applicant applying for a building consent for the construction of a restaurant;
and
c.
The Vendor obtaining variation of the subdivision consent.
49.
The estimated date of settlement of the ASP is in the fourth quarter of 2022.
Submissions
Information
50.
No third-party submissions were sought or received in relation to this application.
Non-residential use test
51.
This section considers what business will be undertaken on the Land and, as a result,
whether the Land is likely—
Official
51.1
to be used for non-residential purposes and
the
51.2
not be used or held for residential purposes.
52.
The Applicant has applied for consent under the non-residential use test.
53.
We consider the relevant business of the Applicant for purposes of this investment to
be the operation of the fast food chain McDonald’s.
under
Non-Residential Purposes
54.
The decision-maker must be satisfied that the relevant business is likely to continue for
a reasonable period of time, given the circumstances and nature of the business.
55.
We are satisfied that the Applicant is likely to continue the relevant business for a
reasonable period of time given that:
Released
a.
McDonald’s Corporation has more than 30,000 restaurants in more than 120
countries;
b.
The Applicant’s ultimate owner is listed on NYSE;
c.
The Applicant has been in the business in New Zealand since 1976 and already
has 171 restaurants across the country; and
d.
It has a strong client base as demonstrated by 1 million people visiting its
restaurants in New Zealand every week.
202100805 - Page 9

56.
The Applicant intends to use the Land in the ordinary course of the relevant business.
In particular, the Land will be a site for one of its restaurants. The restaurant is
expected to be operational from the first quarter of 2023.
57.
We therefore consider the Land is likely to be used for non-residential purposes in the
ordinary course of the relevant business.
Land not to be used or held for residential purposes
58.
Additionally, the Land will be operated as a site for a restaurant and the Applicant
represents that all of the Land will be used as such and none of the Land will be used
for any residential purposes.
Non-residential purposes and non-residential use outcome to occur within a short period
59.
The decision-maker must also be satisfied that both the non-residential purposes
1982
discussed in paragraphs 54 to 57 above, and the non-residential use outcome
discussed paragraph 58, will, or are likely to, occur within a short period after the
overseas investment is given effect under the transaction.
Act
60.
Given that the restaurant is expected to be operational in the first quarter of 2023,
which is less than a year from the time of the expected settlement in the last quarter of
2022, we consider that both the non-residential purposes and the non-residential use
outcome will or is likely to occur within a short period of time.
Not a transaction of national interest
61.
The transaction is not a transaction of national interest as the residential (but not
Information
otherwise sensitive) land exemption under regulation 3D(2)(a) of the Overseas
Investment Amendment Regulations 2020 applies.
62.
We also consider that this should not be a discretionary national interest call up, as the
proposed investment:
Official
•
will not pose a risk to New Zealand’s national security or public order:
•
will not grant the relevant overseas person significant market power within an
the
industry or result in vertical integration of a supply chain;
•
does not involve a non-NZ government investor which would gain disproportionate
access to or control of the sensitive assets;
•
under
will not have outcomes that are significantly inconsistent with or would hinder the
delivery of other Government objectives;
•
does not raise significant Treaty of Waitangi issues; and
•
does not relate to a site of national significance.
F.
Conclusion
Released and recommendation
63.
We recommend you grant consent to the Investment as we consider all of the relevant
criteria have been met.
64.
The conditions we recommend are set out in the Proposed Decision (Attachment 4).
These conditions include all required mandatory conditions and additional discretionary
conditions.
202100805 - Page 10

Ed Atienza
Solicitor
Overseas Investment Office
Date: 06 May 2022
1982
G.
List of Attachments
1.
Sensitive Land Details and Maps
Act
2.
Intended ownership structure
3.
Photos
4.
Proposed Decision and Conditions
Information
Official
the
under
Released
202100805 - Page 11

Attachment 1: Sensitive Land Details
1. s9(2)(b )(ii)
Silverdale, Auckland
Land interest
Freehold  Interest (approximately 5.051  hectares)
Records of Title
s9(2)(b )(ii)
Sensitivity
Includes residential land
The following image is from lntraMaps (a LINZ database) showing the entire area of the
Record of Title pmym. Only approximately O .2609ha of this land will be acquired by the
Applicant.
1982
Act
Information
2. s9(2)(b )(i )
Silverdale, Auckland
Land interest
Freehold  Interest (approximately
Official  8.0937 hectares)
Record(s) of Title  s9(2)(b )(ii)  the
Sensitivity
Includes residential land
The following image is from lntraMaps (a LINZ database) showing the entire area of the
Record of Title®t41Q)m. Only approximately
under
0.0257ha of this land will be acquired by the
Applicant.
Released
202100805 - Page 12

Attachment 2: Intended Ownership Structure
1982
Act
Information
Official
the
under
Released
202100805 - Page 13

Attachment 3: Photos
Aerial view of the area. The Land is outlined red.
s9(2)(b)(ii)1982
Act
Information

Official
s9(2)(b)(ii)
the
under
Released
202100805 - Page 14

Attachment 4: Proposed decision
Consent for Overseas Person to Acquire Sensitive New Zealand Land
Read this consent carefully - you must comply with all the conditions. If you do not,
you may be required to dispose of the land and/or be subject to fines or other
penalties.
Consent
Decision date: 6 May 2022
The following people have been given the following consent:
1982
Case
202100805
Act
Consent
The Consent holder may acquire the Land subject to the
Conditions set out below.
Consent holder
McDonald's Restaurants (New Zealand) Limited (Company
number 96461)
Information
We will also refer to the Consent holder as you.
Land
A freehold interest in the following residential (but not
otherwise sensitive) land:
Official
a.
Approximately 0.2609ha being part of the land currently
comprised in Record of Title s9(2)(b )(ii)
the
Silverdale, Auckland
b.
Approximately 0.0257ha being part of the land currently
comprised in Record of Title s9(2)(b )(i )
Silverdale, Auckland
under
The Land is subject to subdivision and will be issued a new
Record of Title.
Relevant business
The operation of fast food chain restaurant McDonald's
Released
Timeframe
You have until 6 May 2024 to acquire the Land.
202100805 - Page 15

Conditions
Your Consent is subject to the Special conditions, Standard conditions and Reporting
conditions (Conditions) set out below. You must comply with them all. Be aware that if you do
not comply with the Conditions you may be subject to fines or other penalties, and you may
also be required to dispose of the Land.
In the Consent and the conditions, we refer to the Overseas Investment Office as 010, us or
we.
Special conditions
You must comply with the following special conditions.  These apply specifically to this
Consent and include conditions that we must impose under the Act:
1982
Definitions
Act
Act means the Overseas Investment Act 2005.
Regulations means the Overseas Investment Regulations 2005.
Any term or expression that is defined in the Act or Regulations and used, but not defined, in
this consent has the same meaning as in the Act or  Regulations.
Information
Details
Required date
Special condition 1:  Use the Land for non-residential purposes only
Official
You must:
At all times
1.
use the Land for non-residential purposes in the
the
ordinary course of the Relevant Business. Such non-
residential use includes the construction and lease of a
restaurant on the Land.
2.
not use or hold the Land for any residential purposes.
under
If you do not comply with this Special Condition, Standard
Condition 6 applies and we may require you to dispose of all
or some of the Land.
Released
202100805 - Page 16

Standard conditions
You must also comply with the standard conditions set out below.  These apply to all
overseas people who are given consent to acquire sensitive New Zealand land, including
you:
Details
Required date
Standard condition 1: acquire the Land
1982
You must acquire the Land:
As stated in the Consent
1.
by the date stated in the Consent.
Act
If you do not, your Consent will lapse or become invalid
and you must not acquire the Land, and
2.
using the acquisition, ownership and control structure
you described in your application.
Note, only you - the named Consent Holder - may
acquire the Land,  not your subsidiary, trust or other
entity.
Information
Standard condition 2: tell us when you acquire the Land
You must tell us in writing when you have acquired the Land.
As soon as you can, and
Official
Include details of:
no later  than two months
after Settlement
1.
the date you acquired the Land (Settlement),
the
2.
consideration paid (plus GST if any),
3.
the structure by which the acquisition was made and
who acquired the Land, and
under
4.
copies of any transfer documents and Settlement
statements.
Standard condition 3: allow us to inspect the Land
Released
Sometimes it will be helpful for us to visit the Land so we can
At all times
monitor your compliance with the Conditions.
We will give you at least two weeks' written notice if we want
to do this.
You must then:
1.
Allow a person we appoint (Inspector) to:
202100805 - Page 17

Details
Required date
(a)
enter onto the Land,  including any building on it,
other than a dwelling, for the purpose of monitoring
your compliance with the Conditions (Inspection),
(b)
remain there as long as is reasonably required to
conduct the inspection,
(c)
gather information,
(d)
conduct
surveys,
inquiries,
tests
and
measurements,
1982
( e)
take photographs and video records, and
(f)
do all other things reasonably necessary to carry
Act
out the Inspection.
2.
Take all reasonable steps to facilitate an Inspection
including:
(a)
directing your employees, agents, tenants or other
occupiers  to  permit  an  Inspector  to  conduct  an
Inspection,
(b)
being  available,  or  requiring  your  employees,
agents, tenants or other occupiers to be available,
Information
at  all  reasonable  times  during  an  Inspection  to
facilitate  access  onto and  across the  Land.  This
includes  providing  transport  across  the  Land  if
reasonably required.
Official
3.
During an Inspection:
(a)
we  will  not  compel  you  and  your  employees,
agents,  tenants or other occupiers
the
to answer our
questions or to let us look at,  copy or take away
documents,
(b)
our  Inspector  will  comply  with  any  reasonable
instruction  and  co-operate
under
with  any  reasonable
health and safety policy or procedure you notify to
us before the Inspection.
Standard condition 4: remain not unsuitable to invest in New Zealand
Released
You, and to the extent that you are not an individual, the
Individuals Who Control You must remain not unsuitable to
At all times
own or control the Assets in accordance with section 18A( 1)
of the Act.
The Individuals Who Control You are individuals who:
(a)
are members of your governing body,
(b)
directly or indirectly, own or control more than 25%
of  you  or of a person who itself owns  or controls
more than 25% of you, and
202100805 - Page 18

Details
Required date
(c)
are members of the governing body of the people
referred to in paragraph (b) above.
Standard condition 5: tell us about changes that affect you, the people who control
you, or people you control
You must tell us in writing if any of the following events
Within 20 working days
happens to any of the Consent Holders:
after the change 1982
1.
You become aware that you and/or any Individual Who
Controls you establishes any of the investor test factors
listed in section 18A(4) of the Act.
Act
2.
You cease to be an overseas person or dispose of all or
any part of the Land.
3.
Your New Zealand Service Address changes. This is
the address you provided us in your application as the
address which we will send any legal document we
need to serve on you.
Information
Standard condition 6: dispose of the Land if you do not comply with key special
conditions
If all or part of this Standard Condition 6 applies to a special
condition, we have said so in that special condition.
Official
If we consider you have failed to comply with one of those
special conditions in a material way we
the  may require you to
dispose of the Land.
We will give you written notice if we require you to dispose of
the Land.  After we have given you notice, you must:
under
Value the Land: obtain and send us a copy of a market
Within six weeks of the
valuation of the Land from a New Zealand registered valuer.
date of our notice.
Market the Land: instruct a licensed real estate agent to
Within six weeks of the
actively market the Land
Released  for sale on the open market.
date of our notice.
Dispose of the Land: dispose of the Land to a third party
Within six months of our
who is not your associate.
notice.
Offer without reserve: if you have not disposed of the Land
Within nine months of our
within six months of our notice, offer the Land for sale by
notice.
auction or tender without a reserve price or minimum bid and
dispose of the Land.
202100805 - Page 19

Details
Required date
Report to us about marketing: tell us in writing about
By the last day of every
marketing activities undertaken and offers received for the
March, June, September
Land.
and December after our
notice or at any other
time we require.
Report disposal to us: send us, in writing, evidence of the
Within one month after
following:
the Land has been
1982
disposed of.
(a)
that you have disposed of the Land (including
copies of sale and purchase agreements,
settlement statements and titles showing the
Act
purchaser as registered proprietor), and
(b)
that the purchaser is not your associate.
Information
Official
the
under
Released
202100805 - Page 20

Reporting conditions
We need information from you about how your investment plan is tracking so we can monitor
your progress against the Conditions.
In addition to Settlement reporting (as set out in Standard Condition 2), you must provide the
OIO with reports detailing the progress of the investment. The reports must:
1. be submitted via our Webform containing the information and within the timeframe
that follows:
a.
Notify us when you acquire the Land by 31 May 2024; and
b.
Notify us when the construction of the restaurant is completed with supporting
documentation such as copies of the relevant building and resource consents
1982
by 30 November 2024.
2. follow the format of the template annual report published on our website
Act
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 when the Consent was
granted, or
b. the conditions of this Consent.
Information
Official
the
under
Released
202100805 - Page 21