Louis Sebert

Yes, Mr. Chair.

Thank you, Mr. Chair. Again, I thank the committee, but again, we will be abstaining. Thank you.

Of course, if the lease is assigned, it is a contract that is assigned, and the government will honour the terms of that lease. We are, however, not issuing new equity leases.

Thank you. I would like to thank the Member for his question. I would also like to clarify and correct the responses I made yesterday to the questions from the Member for Nahendeh. In my response, I referred to a lease and stated I looked at a lease where there was a partial refunded equity. What I should have said was that I looked at an amendment to lease which contained a clause allowing for a refund of equity in certain circumstances and subject to certain conditions. I have had a chance to look at several documents today dealing with the issue of refund of equity or partial refund of...

As I have said, we're not issuing new equity leases, and haven't been doing so for some time. I appreciate, when a new lease is issued, it is not an equity lease, and the parties would be simply bound by the terms of a new lease if a new lease is entered into. As I have said, we are not issuing new equity leases. Thank you.

As I mentioned, I do not know if these occur in all equity leases, but I certainly have seen a partial refund of equity in one document and a refund of equity in another. However, that dealt with situations of surrender or termination and dealt with circumstances in which a refund or a partial refund could be made. However, I am informed by my department that they have not come across a situation in Lands/MACA where a full or partial refund has been paid out. The clause may exist. It is subject to many conditions, and, apparently, as I say, they are not aware of any refunds having been paid...

As I mentioned, we are not issuing new equity leases. However, if a lease is assigned, then the new lessee takes over the terms and conditions of that equity lease. We are not, however, going to be issuing new equity leases.

As I say, there may be circumstances, and it was asked earlier by the Member opposite, about refunds. Again, looking at the portion of the lease that I have in front of me, I do see that, in some circumstances, there is a partial refund of equity. I don't know if there are cases where there is a full refund. In any case, just to repeat, we are not issuing new equity leases...

Essentially an equity lease can be assigned to a new lessee, but we are not currently issuing any new equity leases. If a person has an equity lease, and it has a term to it, that equity lease is assigned. The new lessee would take over that lease and be bound by the terms and conditions. As I say, we are not granting new equity leases.

Mr. Speaker, the Government of the Northwest Territories has a mandate commitment to have land use plans in all regions of the Northwest Territories. Furthermore, the government's vision of land management, articulated in the Land Use and Sustainability Framework, states that we will promote and support land use planning in all regions of the Northwest Territories.

Regional land use planning in the Northwest Territories has been a key component of our evolving land and resource management regime since 1983, when the Basis of Agreement on Northern Land Use Planning was signed by the federal and...

Mr. Speaker, I wish to table the following document entitled "Finding Common Ground." Thank you, Mr. Speaker.