application_for_consent_template_one-off_and_standing_consents.docx

A description of any current or past business

  • No School
  • AA 1
  • 11

This preview shows page 9 - 11 out of 11 pages.

A description of any current or past business operations in New Zealand - address whether the applicant is a new investor or has a track record in New Zealand. Details of any previous consent applications by the applicant or related entities including OIO case numbers. A summary of financial position (e.g. market capitalisation, gross revenue, net profit, net asset value). A link to applicant website and annual report (if available online). Information on the business activities of individuals if the investor is effectively an individual (or a few individuals). Note – If you are required to provide any of the above information in your investment plan (e.g. for standing consent applications), then you can state this and reference the relevant part of that document. Required attachments: Attach the following: Latest financial accounts, audited where available. Annual report. Note – do not provide these attachments if the information is available online. 9. Section 4: Vendor Use this section to add vendor / lessor information. If the vendor has provided a Vendor Information Form (VIF) then you can complete this section by referring to that document. The vendor must provide a VIF for all one-off consent applications other than applications for residential (not otherwise sensitive) land and where we have waived the requirement for a VIF (e.g. hostile takeovers). The VIF must be submitted at the same time as your application. This section does not apply to applications for residential (not otherwise sensitive) land and applications for standing consents (state NA and move on to the next section). Required content: Refer to the VIF or, if the VIF requirement has been waived, provide: Confirmation that the OIO waived the VIF requirement (refer to the relevant OIO email). The vendor information that would normally be contained in the relevant VIF (to the best of your knowledge). 10. Section 5: Investor Test Use this section to address the investor test criteria. Set out your submissions for each criterion below using the ROP and IWCs you identified above. 9 OIO Application for Consent Template (One-off and Standing Consents excluding Commitment to Reside) October 2018
Image of page 9

Subscribe to view the full document.

Note – the onus is on you to demonstrate the investor test is satisfied. We must decline your application if we are not satisfied that all of the relevant criteria are met. Do the ROP/IWC individuals collectively have business experience and acumen relevant to that overseas investment (refer OIO guidance )? Required content: Provide the following: Submissions on why the individuals making up the ROP and IWCs collectively have the required business experience and acumen for the proposed investment(s) (e.g. reference to qualifications, specific industry experience). It is not enough to simply refer to CVs provided with the application. Confirmation whether the individuals intend to supplement their own expertise with that of others (e.g. farm manager, winemaker, forest manager) – if yes, provide information about the business experience and acumen of those other individuals.
Image of page 10
Image of page 11

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern