New Zealand First Tables Water Royalty Bill
Denis O’Rourke MP
New Zealand First
Environment
Spokesperson
22 MARCH 2017
NEW ZEALAND
FIRST TABLES WATER ROYALTY BILL
New
Zealand First today tabled an amendment to the Crown
Minerals Act that would collect royalties on drinking water
exports.
“The government refused leave for the
bill to be introduced because they can’t seem to make
their minds up on charging for drinking water exports,”
says Denis O’Rourke, New Zealand First Environment
Spokesperson.
“The Prime Minister says on one
hand that he will look into it, while Environment Minister
Nick Smith spent most of the week saying that the current
volume is too small to worry about.
“Even a
modest per-litre royalty on nine-million litres of drinking
water exported would generate at least $900,000 per year,
and that is a lot of money, especially when that sum can
only grow.
“If drinking water exports went to
0.001% of all extracted water, royalties grow to about $20m
a year and that’s not only good for taxpayers, it could
also be great for the economic development of the regions
that water comes from.
“This is why New Zealand
First today tried to introduce in Parliament an amendment to
the Crown Minerals Act. This would classify drinking water
for export as a mineral for the purposes of the Act and
would then be subject to a royalty to be decided in
consultation with the people of the region the water comes
from.
“And it also ensures that 25% to 50 % of
royalties would go back to those regions for local
infrastructure and for regional economic development and job
creation,” says Mr
O’Rourke.
ENDS