Wednesday, May 6, 2009

Hard to pull the barb backwards - it gets messy

Sorting out an unworkable deal...

"Ten iwi are to be paid $97 million to replace an unworkable deal that gave them a share of marine areas for fish and shellfish farms.
The original deal gave iwi 20 per cent of all marine farming space created between 1992 and 2004, when it was signed. It also guaranteed to Maori 20 per cent of any new space created after 2004.
But not a single transaction has resulted for farms created before the signing date."

"The bulk of the iwi come from the top of the South Island, a group known as Te Tau Ihu tribes. The Hauraki confederation on the Coromandel and Ngai Tahu make up the group."

I hope this new one doesn't come with as many fishhooks as the last one...

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