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Speaker 1: These RMA changes hit the nail on the head today

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Speaker 1: by putting private property rights front and center. These rights

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Speaker 1: are basically what keeps rich countries rich and their absence

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Speaker 1: keeps poor countries poor. If a council wants to infringe

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Speaker 1: on them, it should compensate you for it, and these

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Speaker 1: changes basically lower the threshold for compensation, which is a

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Speaker 1: good thing. If you want to suddenly invent as significant

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Speaker 1: natural area or label something heritage, well, that may cost

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Speaker 1: you counselor it'll make councils think twice before imposing some

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Speaker 1: of this stupid stuff on property owners. We've had too

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Speaker 1: many examples of councils just making these things up in

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Speaker 1: restricting land use on a whim, on an airy fairy idea.

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Speaker 1: The reason that private property rights are so important is

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Speaker 1: quite simple. You use your land as collosteral to borrow,

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Speaker 1: to build, to invest. Owning acts as an incentive to

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Speaker 1: build assets. It creates growth and production, and this production

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Speaker 1: is then taxed. The taxes pay for nice things, communal

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Speaker 1: things like hospitals and classrooms. What we need now is

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Speaker 1: for politicians to actually stick to this plan and not

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Speaker 1: mess with it. The new bills will pass first reading

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Speaker 1: next week, and the first bits will come into effect

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Speaker 1: by the end of next year, all going to plan.

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Speaker 1: Half the consents currently required will no longer be needed.

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Speaker 1: Anyone who's been through the consenting process is going to

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Speaker 1: be celebrating that today. But only if the changes stick,

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Speaker 1: only if Labor promises not to touch them. Because this

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Speaker 1: is not our first rodeo. Remember it was Labour who

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Speaker 1: first repealed the RMA, replaced it with two new bills

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Speaker 1: that was nine hundred pages long. The Coalition got in

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Speaker 1: and one of the first things they did was rip

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Speaker 1: it all up. We reverted back to the RIMA, which

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Speaker 1: is where we are now. And now the coalition's bills

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Speaker 1: are out. They're seven hundred and fifty pages long. The

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Speaker 1: test of how long they remain low is not lasting

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Speaker 1: another term of coalition, but a first term of a

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Speaker 1: Labor government, whenever that may be. For more from hither

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Speaker 1: Duplessy Allen Drive, listen live to news talks. It'd be

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Speaker 1: from four pm weekdays, or follow the podcast on iHeartRadio.