Bank plan just another land grab warns ACT NOW!
Submitted by Tim on Wed, 23/04/2014 - 00:00Commercial banks want the government to change the law to make it easier for land leases to be used as collateral for loans, but their plans are ill-timed as the wider problem of corruption in the Department of Lands remains unresolved and this latest plan could mean the legality of fraudulent leases like the Special Agriculture and Business Leases titles could not be challenged.
The banks have issued a report calling for the authenticity of titles issued by the Department of Lands to be protected so the leases can become bankable.