Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Tuwharetoa Ki Kawerau Receive Forestry Rentals

22 June 2005

Tuwharetoa Ki Kawerau Receive Forestry Rentals

Crown Forestry Rental Trust (CFRT) today transferred $1.8 million of accumulated forestry rental fees to Te Runanga o Tuwharetoa ki Kawerau.

The $1.8 million rental is from the 844 hectares of Rotoehu West forest land, transferred as part of the $10.5 million Treaty settlement negotiated with the Office of Treaty Settlements.

The Tuwharetoa ki Kawerau settlement is compensation for the Crown confiscation of Tuwharetoa ki Kawerau land in 1865 and includes a formal Crown apology, the transfer of five sites of significance to the iwi and a combination of cash and Crown-owned land. The land transferred includes 844 hectares of Rotoehu West forest land.

The Ngati Tuwharetoa (Bay of Plenty) Claims Settlement Act authorises CFRT to transfer the accumulated rental fees from the 844 hectares to Tuwharetoa ki Kawerau as the legally confirmed owner.

CFRT Chairman, Sir Graham Latimer said, “The Tuwharetoa ki Kawerau settlement is a positive step forward for the tribe and New Zealand as a whole. This settlement is another step towards resolution of past grievances and Tuwharetoa ki Kawerau must be congratulated for their success. It is very satisfying to be able to return these rental proceeds to the confirmed owners."

Sir Graham said CFRT was positive about the progress Maori and the Government were making in advancing Treaty claims over Crown forest licensed land. “This is the second settlement involving Crown forest land this year. CFRT is pleased with the progress being made.”

About CFRT

The Crown Forestry Rental Trust (CFRT) is a Non-Government agency with equal numbers of Maori and Crown appointed Trustees. It receives no taxpayer funding.

The main purpose of CFRT is the management and administration of interest earned by the investment of rental proceeds from Crown forest licensed land.

It uses interest from the investments to assist eligible Maori claimants in the preparation and presentation of claims involving Crown forest licensed land before the Waitangi Tribunal and negotiations with the Office of Treaty Settlements.

CFRT cannot settle Treaty claims.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news