2 mins to read Australian crypto investor fined $350k for OIO breach Judge notes ‘need for specific deterrence’ after $4.5m Hawke’s Bay land deal. The 91ha property in northern Hawkes Bay featured an olive grove. Mon, 25 May 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. An Australian crypto investor and his New Zealand accomplice have been fined $440,000 for breaching the Overseas Investment Act in buying 91ha of Hawke’s Bay land.
In a High Court judgment from December released this week, Justice Layne Harvey said Daniel Robert Klaus had shown “a pattern of Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385+GST / monthly $38.5 per user – Pay by monthly credit card debit Premium Group Membership 20
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25 May 2026 Contact the Writer: editor@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. crypto currency Overseas Investment Office O’Sullivan Clemens Law High Court Daniel Robert Klaus overseas investors Hawke’s Bay Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day. Related News Binance cops A$10m penalty for mis-selling crypto derivatives Tech & Innovation
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