An Auckland company has been fined $125,000 for breaking overseas investment rules. This meant the company was considered an overseas person and should have sought consent to buy the property. A decision by the High Court in Auckland found WDHL breached the Overseas Investment Act rules. Alden Williams/Stuff A decision by the High Court in Auckland found WDHL breached the Overseas Investment Act rules. WDHL was ordered to pay $15,000 in legal costs as well as the $125,000 fine.

Source: Stuff April 01, 2021 02:13 UTC