May 19, 2013
Time for land submissions extended
Submissions on the review of Te Ture Whenua Māori Land Act have been extended because of keen interest.
Review Chair Matanuku Mahuika says people have until June 14 to comment.
He says the feedback from hui has mainly been positive, but people want more detail on the thrust that decisions about land use be made by engaged shareholders, rather than needing a majority of all the owners to sign off.
He says because land often has cultural rather than economic value to shareholders, more work is needed on how benefits are distributed.
"Some incorporations don't pay dividends. They give grants and that recognises the majority of their shareholders don't have big enough shareholdings to get a meaningful dividend from the land," he says.
Matanuku Mahuika says providing better structures for governance of Māori land could make it easier to get the loans needed to develop it.
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