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


High country lessees bewildered

13 October 2006

High country lessees bewildered

The government’s release today of the Armstrong report which it commissioned early in 2005 vindicates the long-held view of high country farmers that they have been paying market rentals for their pastoral leasehold lands, says Geoffrey Thomson, co-chair of the High Country Accord.

“We welcome their expert finding that recent rents have been set too high and that settlements under the land tenure review process have been fair.”

However, he says lessees are bewildered by the government’s proposal to reject these findings in favour of a proposal to increase rents on their farms.

“The Armstrong report concluded that there is no basis for claims that existing or proposed rentals are being set at a discount to the market. In fact, it concluded that most recently reviewed rentals are in excess of fair market rentals for pastoral leases,” Mr Thomson says.

“In response to the report the government has commissioned a Crown Law Office opinion which says the Armstrong report is wrong and which appears to say that rentals for high country leases have been incorrectly calculated since 1979.

“The High Country Accord is bewildered by this about-turn by the government and intends to obtain its own legal opinion of the law relating to the setting of pastoral leasehold rentals.

“We are at a loss to understand how the government can refute the detailed information and conclusions of the report, as well as the practice of crown valuers since 1979.

“We hope to resolve this unexpected response by negotiation, but if necessary we should look to the courts to protect the rights and interests of lessees.”


© 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>>


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>>


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>>


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>>


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>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news