OIO failed to show ministers all 'good character' info on Argentinian brothers

Thu, 12 May 2016

By Pattrick Smellie May 12 (BusinessDesk) - The Overseas Investment Office had information about the 'good character' of the 2014 Argentine buyers of a 1,317 hectare Taranaki farm but didn't give it to the ministers assessing the application, its parent body Land Information New Zealand has disclosed. LINZ chief executive Peter Mersi said an independent inquiry, to be conducted by Queens Counsel Terence Stapleton would review the OIO's process for assessing good character, one of the hurdles any foreign investor must clear before being ab...

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