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Post by Kiwi Frontline on Sept 23, 2019 17:16:42 GMT 12
TARANAKI MĀORI TRUST BOARD TO BE DISBANDED AFTER YEARS OF DEBATE ABOUT FUTUREMoves are underway to disestablish a trust board set up to represent the interests of Taranaki Māori almost 90 years ago. The decision about the Taranaki Māori Trust Board's future is the result of 10 years' worth of discussion, but further hui will be needed to work out how millions worth in assets will be distributed to benefit all eight iwi around the mountain. On September 4, Minister for Māori Development Nanaia Mahuta was present at a ceremony held at Owae Marae in Waitara, to sign the deed of settlement regarding an annuity buyout package for TMTB worth $20.8m. First established in 1930, the existence of TMTB had been enshrined in legislation since 1955 and it received yearly annuities from the Government in recognition of historical land confiscation. The funds were then disbursed to assist in the promotion of health, welfare and education for its beneficiaries..... www.stuff.co.nz/taranaki-daily-news/news/115852435/taranaki-mori-trust-board-to-be-disbanded-after-years-of-debate-about-future
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