Austrian countess who bought $13.4 million New Zealand farm fined over purchase - News Summed Up

Austrian countess who bought $13.4 million New Zealand farm fined over purchase


An Austrian Countess who breached New Zealand's overseas investment rules when she bought Hadleigh Station in Wairarapa has been fined just a fraction of the purchase price and been allowed to keep the property. He then used a deed of nomination to transfer the obligation for the purchase over to the countess. Dickie said that agreement had a clause in it that said the countess needed to get consent from the OIO. When RNZ contacted the countess' New Zealand solicitor to request an interview with the countess or a representative, she directed RNZ to speak to Dickie. This story is part of a series, Green Rush, looking at forestry and land ownership in New Zealand.


Source: Stuff October 09, 2019 18:40 UTC



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