COLOR-Waatea logo 2016-final

On Air Now
Radio Waatea

07:00am - 10:00am
Ed Sheeran

Litte benefit seen from foreign landowners

Share to Email
Share to RSS
Share to Print

More Stories



The value of the large foreign ownership of New Zealand land and forests is raising alarm bells among Maori.

A Radio New Zealand investigation found at least 3.5 percent of New Zealand's foreign land is now foreign-owned, with six of the 10 largest private landowners now foreign-owned forestry companies

Over the past two years the Overseas Investment Office has approved more than $2.3 billion of forestry-related land sales, including 31,000 hectares previously in New Zealand hands.

Te Taru White from Te Arawa Federation of Maori Authorities says it's a reflection of the shortage of capital available to New Zealand owners, especially Maori.

Past Maori experience of leasing land is the forestry interests take the logs and leave the owners with the sawdust.

"So from a Maori point of view our interest must be in adding value to the logs, an integrated value that we actually create employment here. These foreign interests don't do that. They may say they're looking to do that but I haven't yet seen one that really has put its name on the fact they are providing multiple benefits to our people. They simply aren't," Mr White says.

While the Overseas Investment Office applies an additional benefits test to applications, he'd like to see something closer to the negative effects test used across the Tasman.


Copyright © 2019, UMA Broadcasting Ltd:

Radio-S1 2019 - 300x250-Masters (1)

The Maaori Party could spoil Jacinda's dreams for a second term
Martyn 'Bomber' Bradbury: The Māori Party have selected the exceptionally talented Debbie Ngarewa-Packer as their candidate in the very vulnerable seat of Te Tai Hauāuru and it represents the biggest threat to Jacinda's dreams for a second term than any other political challenge.
Why National's beneficiary bashing is really dog whistle politics
Martyn 'Bomber' Bradbury: National has promised a spiteful range of draconian measures against beneficiaries that have nothing whatsoever to do with helping those on the benefit and everything to do with dog whistling to National's reactionary base.
The student climate strikes - shame on us!
Martyn 'Bomber' Bradbury: Our mokopuna and rangatahi have led last week as they took to the streets in the largest political protests in modern NZ history.





Enter your email address to receive regular updates from Waatea News.
  • fb

On Air Now
Radio Waatea

07:00am - 10:00am