Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


CFRT Releases Annual Report

MEDIA RELEASE

21 June 2005

CFRT Releases Annual Report


Crown Forestry Rental Trust (CFRT) today released its 2004/05 Annual Report at a presentation to its Appointors, the New Zealand Maori Council, Federation of Maori Authorities and Minister of Finance.

CFRT was established in 1990 to provide assistance to Maori with Treaty claims involving Crown forest licensed land. The report details a successful year for CFRT, which has improved the way it assists Maori with claims to Crown forest licensed land.

“CFRT has transformed its approach to working with claimant groups.” Chief Executive, Ben Dalton said. “Funding assistance to claimant groups has increased by 27.5%. Research assistance for Maori has increased by 31.8% and administration costs have been reduced by 16%.”

CFRT holds rental from Crown forest licensed land in trust until Maori and the Crown resolve ownership of claims over Crown forest licensed land. CFRT currently holds $396.7 million in trust. CFRT invests the rental money in Government bonds and bank deposits and uses interest to fund eligible groups.

CFRT encourages cooperation between claimants and all groups must meet clearly defined eligibility criteria prior to receiving CFRT assistance. CFRT demands high levels of performance from Maori and the Crown because only Maori and the Crown can settle claims – not CFRT.

Trustees look forward to the day when the claims to Crown forest land are finally settled. “The sooner the claims to Crown forest licensed land are settled and the assets released for investment the better.” Mr Dalton said. “CFRT is committed to assisting eligible groups achieve this goal as quickly as possible.”

CFRT Trustees will be undertaking public meetings to present the report to claimant communities from 4-7 July in Blenheim (Admirals Motor Lodge), Whangarei (Kingsgate Hotel), Thames (Thames War Memorial Civic Centre), Rotorua (Quality Resort Heritage), Taupo (Great Lake Centre), Materston (Copthorne Solway Park), Wanganui (Avenue Hotel & Conference Centre), Napier (East Pier Beach Bar & Brassiere) and Gisborne (Gisborne Hotel).

ENDS

Background

The Crown Forestry Rental Trust is an independent trust with equal numbers of Maori and Crown appointed Trustees. It receives no taxpayer funding.

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

It uses this interest to assist eligible Maori claimants in the preparation, presentation and negotiation of claims involving Crown forest licensed land before the Waitangi Tribunal and in Direct Negotiations with the Office of Treaty Settlements. CFRT cannot settle Treaty claims.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news