Tag: Overseas Investment Act
$110,000 fine for breaching sensitive land rules
The Auckland High Court has ordered defendant Cong Zhang to pay a civil penalty of $110,000 and $15,000 in costs for failing to get...
Company cops $125k OIO penalty
A company with local ties has been slapped with a $125,000 penalty for breaking overseas investment rules when it bought land in Drury.
West Drury...