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The statutory provisions of pastoral leases are covered by the New Zealand Crown Pastoral Land Act 1998 and the Land Act 1948. The holder of the lease has: [11] the exclusive right of pasturage; a perpetual right of renewal of the lease for terms of 33 years; no right to the soil, and; no right to acquire the fee simple of any of the land.
LINZ manages almost three million hectares of Crown land, which is around 8% of New Zealand's land area. [citation needed] This includes 1.6 million hectares of high country pastoral land in the South Island, Crown forest land in the North Island, approximately 4,000 properties, and river and lake beds. In managing Crown land, LINZ aims to ...
Australia's exclusive economic zone (EEZ) was declared on 1 August 1994 and extends from 12 to 200 nautical miles (22 to 370 km) from the coastline of Australia and its external territories, except where a maritime delimitation agreement exists with another state. [1] [2] To the 12 nautical-mile boundary is Australia's territorial waters.
Effective from 1 January 1983 the two countries concluded the Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) for the purpose of allowing each country access to the other's markets. Two-way trade between Australia and New Zealand was NZ$26.2 billion (approximately A$24.1 billion) in 2017–18, including goods and ...
A new upmarket family house in Northland in New Zealand. The New Zealand dream (or the Kiwi dream) centres on the acquisition of a family house [1] on a quarter-acre section, [2] with at least one motor vehicle. [3] [failed verification] [4] The New Zealand dream resembles the Australian Dream. For many New Zealanders this dream could also ...
Some land was later returned to Māori, although not always to its original owners. Some "returned" areas were then purchased by the Crown. [9] Several claims have been lodged with both the Waitangi Tribunal and the New Zealand Government since the 1990s seeking compensation for confiscations enacted under the Land Settlement Act. The tribunal ...