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Exemption certificate granted under the Overseas Investment Act 中文翻译版本

Exemption certificate granted under the Overseas Investment Act 中文翻译版本

Recent changes made to the Overseas Investment Act 2005 (Act) meant that overseas persons who are not ordinarily resident in New Zealand will not be able to acquire residential properties in New Zealand, unless an exemption applies.

By Steven Lee - 13 Aug 2019

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Issues to be considered when work is suspended on a building project

Issues to be considered when work is suspended on a building project

Not all building projects run smoothly and for one reason or another, there may be a point where building work is suspended. Should the building project end up in that position, both parties to the building contract have obligations and there are a number of matters to consider.

By Pierce Bedogni - 7 Aug 2019

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Overseas buyer ordered to sell sensitive land

Overseas buyer ordered to sell sensitive land

Perhaps too little attention is paid by overseas buyers to the Overseas Investment Act ( Act). A matter of poor due diligence or sheer ignorance could cost hundreds of thousands, if not more.

By Steven Lee and Genelle Seah - 29 Jul 2019

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First home purchaser series - Part 1: The deposit

First home purchaser series - Part 1: The deposit

For many people trying to purchase their first home, getting together a deposit is often a daunting thought that may seem unattainable. There are, however, a number of resources that you can tap into to help get you to that ever important point where you can move from paying your landlord's mortgage to paying your own.

By Michael Bennett - 23 Jul 2019

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Buying off the plans - properties that don't yet exist

Buying off the plans - properties that don't yet exist

When buying off the plans, there are a number of extra terms and conditions which need considering before signing an agreement. We discuss a few of these below.

By Michael Bennett - 15 Jul 2019

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Protecting your assets - assisting children purchasing property

Protecting your assets - assisting children purchasing property

Your child has found the property of their dreams, but they are a little short on their deposit so you decide to help them out. Before transferring the money, it is essential you talk to us about protecting your contribution.

By Michael Bennett - 8 Jul 2019

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Apartment exemption certificate granted by the OIO

Apartment exemption certificate granted by the OIO

Martelli McKegg is pleased to announce its recent achievement of securing an Exemption Certificate for the Jervois and Lawrence Apartments development in Herne Bay for the maximum permissible percentage on 27 June 2019. Steven Lee and his team supported the developer through the process of the application for the exemption.

By Steven Lee - 28 Jun 2019

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The importance of maintaining a 'good character' in Overseas Investments in New Zealand

The importance of maintaining a 'good character' in Overseas Investments in New Zealand

By law, overseas investors in sensitive land and significant business assets in New Zealand must be of (and must maintain) 'good character'. The Overseas Investment Office (OIO) considers many factors when assessing an overseas investor's character. The term 'good character' generally means acting appropriately, including but not limited to not committing any offences nor contravening any laws.

By Steven Lee and Genelle Seah - 12 Jun 2019

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Martelli McKegg strengthens litigation offering with new partner hire

Martelli McKegg strengthens litigation offering with new partner hire

We are delighted to announce that Jacque Lethbridge joined the partnership effective 1 June 2019.

By Mike Worsnop - 1 Jun 2019

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Who is an 'Overseas Person' under the OIA?

Who is an 'Overseas Person' under the OIA?

Pursuant to the amended Overseas Investment Act (OIA) which came into effect from 22 October 2018, the purchase of residential property by an 'Overseas Person' is subject to consent from the Overseas Investment Office (OIO) unless an exemption applies.

By Genelle Seah - 12 Mar 2019

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