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National’s Foreign Ownership Cover-Up Continues

Rt Hon Winston Peters
New Zealand First Leader
Member of Parliament for Northland
8 DECEMBER 2016

National’s Foreign Ownership Cover-Up Continues

National’s cover-up of foreign ownership of land in New Zealand continues, says New Zealand First Leader and Northland Member of Parliament Rt Hon Winston Peters.

“The defeat in Parliament of New Zealand First’s Bill to set up a foreign land ownership register means a golden opportunity to bring transparency into foreign ownership has been lost.

“New Zealand voters can now conclude that the government does not want this information to get into the public domain.

“If we had a government that was open, honest and transparent they would have fully supported The Land Transfer (Foreign Ownership of Land Register) Amendment Bill.
“This law is what is already in place in Hong Kong, Malaysia, Singapore, China and Australia and other countries are also taking it on board.

“The New Zealand First-initiated foreign land ownership land register would have recorded names and nationalities and the amount and value of land which they owned.

“This is information every New Zealander should know but now they are still being kept in the dark which is totally unacceptable and undemocratic,” says Mr Peters.

Parties that voted against giving New Zealanders a record of foreign buyers were National, ACT, United Future and the Maori Party. The first reading of the Bill was lost by 57 votes to 63.

ENDS


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