25 Aug 2023
THE CHIEF EXECUTIVE OF LAND INFORMATION NEW ZEALAND v TRINITY GREEN ESTATE PARTNERSHIP [2023] NZHC 2330
- Citation
- [2023] NZHC 2330
- Court
- High Court
The partnership committed a contravention of the Overseas Investment Act 2005 on the balance of probabilities; a starting penalty of $130,000–$140,000 is appropriate given the land exceeded the 5 hectare threshold and the absence of quantifiable gain and low culpability justify a 25% discount for voluntary disclosure and cooperation, resulting in a civil penalty of $97,500 payable to the Crown.