The PNG National Research Institute (PNG NRI) releases Discussion Paper No. 166: “Towards Sustainability: Lessons from Australia for PNG Universities and Research Institutions about the commercialisation of Landholdings.”
The Discussion Paper No.166 is co-authored by Dr. Charles Yala, the Director and Principal of Niugini Land and Properties Ltd (NLP) and Lucy Hamago, who works for NLP.
The objective of the research reported in the Discussion Paper is to draw lessons for Papua New Guinea (PNG) institutions from Australian universities on the commercialisation of their landholdings to generate much needed income to fund their operations.
The research focused on two universities from the Australian Capital Territory, because PNG and the Australian Capital Territory share the same land administration system: the lease-based Torrens title land registration and land transfer system.
The main finding from the research is that no single model can be used for the development of real estate by tertiary institutions. Each university’s landholding commercialisation are influenced by their own Acts, terms and conditions of the land titles, location and size of land, town planning authority, and interaction with government policy.
The Discussion Paper No.166 can be accessed on the PNG NRI website: https://pngnri.org/;
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