admin's picture

Controversial bill will not establish freehold property

WELLINGTON, New Zealand (Radio New Zealand International, June 13, 2008) – Samoa’s Prime Minister, Tuila’epa Sa’ilele Malielegaoi, has made it clear that under the Government’s land registration bill customary lands cannot be sold or owned as freehold property.

The final reading of the controversial bill is scheduled for Friday after Parliament today went through all the provisions including amendments.

The Prime Minister says no commercial bank would lend money if customary land was used as collateral knowing that under the provisions of the legislation the land couldn’t be sold to recover the funds.

It means the bank will only make a claim based on other valuable assets and not the land itself.

Radio New Zealand International:

Rate this article: 
No votes yet

Add new comment