Water Rights can Lead to An Increase in Cash Flows for New Zealand Landowners (DominionPost)
Apr.16, 2009 in
Water Rights
(April 16, 2009, The Dominion Post)
Landowners with the right to take more water than they need are selling their surplus allocations and pocketing the cash.
There is nothing illegal about selling access to public water for private gain, but conservationists say it is a growing practice that could spell doom for rivers already under pressure, and raises the spectre of investors buying up rights to “water banks”.
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