FINANCIAL REDRESS. Crown financial redress offer
FINANCIAL REDRESS. 8. Ngāti Porou ki Hauraki will receive Hauraki Region financial redress as agreed in accordance with Part 3 of the Collective Section.
FINANCIAL REDRESS. 8. Ngāti Hako will receive Hauraki Region financial redress as agreed in accordance with Part 3 of the Collective Section.
FINANCIAL REDRESS. A Central North Island Iwi Collective Deed of Settlement will replace the licensed Crown forest land redress negotiated in the 2006 Deed, which concerned licensed Crown forest land to the value of $36 million, together with the accumulated Crown Forest Licence rentals associated with this land, and the opportunity to purchase further licensed Crown forest land. Under the 2008 Deed, the Crown has recognised the financial contribution that Te Pumautanga has made to enable the transfer of the Central North Island licensed Crown forest lands to the CNI Collective (through a Trust Holding Company). The recognised value of Te Pumautanga’s contribution, and additional financial redress to enable the purchase of 18% of the Rotoehu Licensed Crown Forest land, totals approximately $38.6 million. Should the final valuations of the licensed Crown forest lands in the Central North Island Collective Settlement cause the total value of the package to reduce, the Crown has committed to compensate Te Pumautanga proportionately for the difference. The Central North Island settlement also provides for Te Pumautanga to receive a proportionate share of the accumulated Crown forest licence rentals associated with the CNI Crown forest land and future rental income from that land. Maketu Te Puke Bay of Plenty Lake Rotoiti Lake Rotorua Kawerau Lake Okataina Rotorua Tokoroa Lake Tarawera Atiamuri Dam SH1 Murupara Huka Falls Taupo Tauhara Mountain Lake Taupo Please note that this map is not intended to identify exclusive claim areas or to fix or endorse tribal boundaries. This map shows the area where the Affiliate Te Arawa Iwi/Hapu consider that they have interests. Both the Crown and the Affiliate Te Arawa Iwi/Hapu recognise that other claimant groups may also have interests within this area. Kaituna R. • Recreation Reserve at Xxxxxx’s Bay (including Otauira Swamp) • Esplanade Land and Karamuramu Baths Land; • Recreation Reserve adjacent to Waiteti Stream (including Te Kahupapa and Te Hinahina); and • Recreation Reserve adjacent to Lake Okareka (known as Xxxxx Beach).
FINANCIAL REDRESS. Taranaki Whānui ki Te Upoko o Te Ika will receive a financial settlement of $25.025 million. $1.887 Million has already previously been paid on-account. As a consequence the actual cash amount to be paid to Taranaki Whānui ki Te Upoko o Te Ika will be $23.138 Million. The cash amount will receive interest from 13 December 2007 to Settlement Date.
FINANCIAL REDRESS. The Crown must pay the governance entity on the settlement date $2,900,000.00, being the financial redress amount of $6,200,000.00 less the on-account payments referred to in clauses 6.2 and 6.3.
