[1 June/Stuff]

Craigmore Permanent Crop Limited Partnership Chief Executive, Che Charteris, said its application had been caught up in Government changes to foreign land ownership in light of its rebuff from the Overseas Investment Office to its application to buy a kiwifruit and avocado orchard. He added every government had the right to set new rules, and they were working with the OIO to see how the new rules would work. The application was to buy freehold land which was green kiwifruit and avocados. The investment would have provided one full time job and some additional export receipts. Mr Charteris said New Zealanders controlled the governance of the company. He noted it was not like some investors who had one or two kiwis on their boards, and they controlled its investors were not allowed to make operational decisions. The OIO said for consent to be granted, Ministers needed to be satisfied the acquisition of the land would benefit New Zealand.