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

 

Protecting Property Rights Benefits All

Protecting Property Rights Benefits All

12 October 2006

Sanctity of property rights is fundamental to a just and civil society, said Don Nicolson, vice president of Federated Farmers of New Zealand.

Mr Nicolson made the comments to a Parliamentary select committee considering the New Zealand Bill of Rights (Private Property Rights) Amendment Bill, sponsored by United Future’s Gordon Copeland.

Federated Farmers strongly supports the bill, which seeks to change the Bill of Rights 1990. Protection of property rights was for some reason omitted from the original Bill of Rights.

The proposed lawchange seeks to safeguard private property rights. “By enshrining the security that property rights confer, society is protecting many of the other values it holds dear,” Mr Nicolson said.

"Private property rights are important guarantees of other freedoms that the Bill of Rights seeks to protect. The right to own property is rightly regarded as an indispensable basis for economic prosperity and social well-being. Without property, individuals become dependant on government and vulnerable to state coercion.

"As well as affirming, protecting and promoting human rights and fundamental freedoms, the Bill of Rights affirms New Zealand's commitment to the International Covenant On Civil And Political Rights. The covenant guarantees equal and effective protection against discrimination on the basis of property.

“If we are to have a Bill of Rights affirming the covenant, it should affirm all the rights in the covenant, not just ones the government of the day chooses.

"Property rights have been protected constitutionally for centuries. It is a feature of the Magna Carta and the Treaty of Waitangi. Yet property rights are being continually eroded by legislation such as the Resource Management Act and the myriad of local planning restrictions the RMA has brought about.

"The institution of property rights is too important to be allowed to languish. Protecting property in the Bill of Rights would signal to government, the courts and local authorities that rights in property are hugely important to society,” Mr Nicolson said. “That’s why we strongly support Gordon Copeland’s bill.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Auckland Airport: North American Touch Downs Make AA Most Connected In Australasia
The return of American Airlines, the world’s largest airline, announced today has cemented Auckland Airport’s title as the Australasian airport with the most non-stop connections to the United States and Canada... More>>



Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>



Kiwibank: Savers To Benefit From Higher Returns Following OCR Rise

Following market movements Kiwibank is pleased to increase the interest rate and rates of return on its savings accounts... More>>

Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>


Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>