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No one had to die from the storm, SWP candidates say – The Militant

No one had to die from the storm, SWP candidates say – The Militant
themilitant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themilitant.com Daily Mail and Mail on Sunday newspapers.

Company fined for not seeking consent to buy land for overseas investor

Mai nominated CKRL to complete the purchase before the transaction was settled. CKRL told the court it acted as Mai’s associate when it purchased the land and that it failed to seek Overseas Investment Office (OIO) consent, which breached the Overseas Investment Act 2005. Justice Sarah Katz said there is a “strong need” to deter any breaches of the act as they have the potential to alienate sensitive land, that could make it difficult to monitor or detect. OIO Group Manager Anna Wilson-Farrell said the regulator would pursue associates for breaches of the act as actively as overseas investors directly making purchases.

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