Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


FFNZ Question True Cost of Marine Reserves


27 March 2003 PR36/2003

FFNZ Question True Cost of Marine Reserves

Sound decision making on marine reserves will only occur if all of the costs associated with a proposal are taken into account, says Federated Farmers of New Zealand (Inc) President Tom Lambie.

In a submission on the Marine Reserves Bill today, Mr Lambie told the Local Government and Environment Select Committee that the Federation supported the provision to establish marine reserves in appropriate circumstances.

However the Federation is concerned that the Bill proposes to allow any individual to propose a marine reserve without any requirement to quantify how the costs of establishing and maintaining the reserve will be met.

"The Bill must contain a provision requiring those proposing a marine reserve to state how costs associated with the reserve will be funded, including compensation for those adversely affected," said Mr Lambie.

"The Federation has also emphasised the need to consult with adjoining landowners and local communities who have an interest in areas proposed as marine reserves.

"If the Government is serious about protecting private property rights it must compensate those who will be financially disadvantaged by the creation of a marine reserve. Such as those people who currently use the resource for recreational tourism or aquaculture.

"Government must also address a provision of the Bill that allows the incorporation of privately owned land into a marine reserve without the consent of the owner.

"If New Zealand is to maintain its economic viability landowners and other investors must be confident that their investments are safe from confiscation."

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news