03 Jul LNTERNATIONAL BUSINESS LAW
ln New Zealand the
purchase of rural land is governed by the Overseas lnvestment Act; in
Australia the statute is the Foreign Acquisitions and Takeovers Act. You can find both
statutes on the internet and you will need to review them. The legislation of both countries
sets a monetary threshold which triggers the requirement for consent. Accurate statistics
on the amount of farmland owned by foreigners is hard to come by. The statistics are also
blurred by joint
ventures, multiple parties and leasehold interests. ln New Zealand land in
foreign hands is probably around 10% and growing. ln Australia no reliable data are
available.
Of course a number of countries do not permit foreigners to own land.
All questions are compulsory and carry equal marks. ln addition there are 8 “bonus points”
for grammar, written fluency and correct referencing. The marking focus is on analysis of
issues, argument and conclusions.
1. What are the concerns about foreign investment in agriculture and are those
concerns in your view valid. What stance has the Food and Agricultural Organisation
of the United Nations taken on the issue.
2. Analyse the differences between the New Zealand and Australian statutes including
the process for securing consent for foreigners to purchase farmland in the two
countries
3. Discuss two examples (one from New Zealand and one from Australia) which have
been controversial purchases or attempted purchases of agricultural land.
4. You are asked to advise a US company which wants to purchase a farm station in the
Central North lsland. Consent is required under the Overseas lnvestment Act
because farm land is involved. The property is L4,000 hectares and is a sheep and
beef breeding and finishing and dairy support station. lt has three airstrips, a lake, a
recreational hunting blocl$ 22 houses which accommodate the families of 20
permanent sta.ff;a staff recreation,,centre.;.asehoqli,9l km,of wellrforrned roads; six,
cattle yards, three woolsheds and other farm buildings. The rateable value of the
property is NZD70 million.
What arguments would you use to meet the “benefit to New Zealand” test in
section 17 of theAct. You mayhave1omake fr-lrther assurnptions”of fact.
.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.