Biota and the problem of property

Various developments have intensified interest in the subdivision of what is currently understood to be property into independent tradeable subspecies. An understanding of the nature of property, especially the implications of the bundle of rights theory and its community implications will be necessary in the direction of effective policy. Biological resources are being recognised as a valuable component of land property and there are pressures for its independent commodification. The ownership and identification of biota rights remain as issues needing resolution before secure biota property is viable. Issues including the stimulus of research and the control of potential monopoly opportunities also complicate biota property.