Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Taupo forest land returning to Maori landowners

The Crown is handing back the land underlying its largest Crown lease forest to its Maori landowners, the Lake Taupo Forest Trust, Minister of Forestry Pete Hodgson and the Trust announced today.

The 31,000 hectares between Taupo and Turangi will be progressively handed back to the Trust as the first crop of trees is harvested, which will take up to 20 years. Some 3370 hectares has already been replanted following harvesting and will be handed back on 1 April.

It is Government policy to sell or transfer the Crown's interests in these leases to the Maori lessors, such as the Trust, on commercial terms.

The handover of the Taupo forest land follows an offer by the Trust to shorten the original 70-year lease. The Government has accepted the offer on advice that it reduces the Crown's investment exposure while producing no substantial difference in the expected book value of the asset.

"I am pleased we have a deal that makes commercial sense for the Government at the same time as it enables independent Maori management of a Maori resource, " Mr Hodgson said. "This arrangement is both fiscally prudent and a positive step for Maori economic development."

The agreed objectives of the 1969 lease agreement were to protect Lake Taupo waters and provide a reasonable investment return to the Trust and the Crown. The lease committed the Crown to investment in approximately two crop rotations. That has been reduced to one.

"The Trust and its shareholders have unanimously endorsed the transfer to the Trust of responsibility for future crop establishment,” said Tumu te Heuheu, Chairman of Lake Taupo Forest Trust.

“The change is consistent with the Trust’s corporate strategy and an appropriate celebration of the Trust’s commercial maturity and it’s optimism for forest investment in the new millennium. The environmental branding intrinsic to the forest will be maintained as a key long term business and marketing strategy.”

A ceremony to mark the occasion will take place at Waihi village, Lake Taupo on 30th March.

Contact: Graeme Speden, press secretary 04 471 9707 or 025 270 9055
George Asher, general manager Lake Taupo Forest Trust 07 386 8839

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them.

Finally, yesterday’s announcement by the Ardern government that a new state agency will be set up to assess and plan the manned re-entry to the mine (on a set timetable) goes a long way to meeting the families’ remaining request: that they be enabled, if at all possible, to bury their loved ones. More>>

 

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election