Richard Naidu
28 July, 2021, 3:56 pm
Economy Minister Aiyaz Sayed-Khaiyum while delivering the 2021-2022 National
Budget last night. Picture: PARLIAMENT OF FIJI/SUPPLIED
Attorney-General Aiyaz Sayed-Khaiyum has issued a very long, 30-paragraph defence of the iTaukei Land Trust (Amendment) Bill.
But I am not sure he has really got to the point.
The aim of the law change, he says, is to speed up the backlog of mortgage consent applications at the iTaukei Land Trust Board. Once this is done (he seems to suggest) investment will flow, and the value of iTaukei land leases will increase; and this will be great for landowners.