Thank you. In our view this is a Government of the Northwest Territories policy. It has no implications for land claims. In the example that the Member uses, I believe he’s talking about the Inuvik Capital Suites. It’s 50 percent owned by the Zheh Gwizu Limited and 50 percent by NewNorth Projects Ltd. The Business Incentive Policy is very clear as to the requirements for definition of a northern business and the Business Incentive Policy approval requires either 51 percent northern ownership or they be a grandfathered company, which has a minimum of 10 years operating in the North with resident managements, et cetera. So what I’m saying is that if we want to change it, we would have to change the policy. I don’t think that we would be able to change it by appealing it on the basis of we’re dealing with a land claims organization. Thank you.
Bob McLeod on Question 170-16(5): Business Incentive Policy And Land Claims Agreements
In the Legislative Assembly on May 19th, 2010. See this statement in context.
Question 170-16(5): Business Incentive Policy And Land Claims Agreements
Oral Questions
May 18th, 2010
See context to find out what was said next.