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Beneficiaries are also called the
beneficial owners.
10. The authority given by an owner of an interest in land to another person to vote
on their behalf.
This duty does not extend to any benefit the Trustee may receive
as a Beneficiary, directly or indirectly, from the exercise of their own power.
1.4 Each Trustee must consider actively and regularly whether the Trustee should be
exercising 1 or more of the Trustee’s powers.
1.5 Each Trustee must not bind or commit Trustees to a future exercise or non-exercise of a
discretion.
1.6 A Trustee must avoid a conflict between the interests of the Trustee and the interests of
the Benef...
Letters and
Jounrlas, 1841-1854, MS 2053-2054, Nelson Provincial Museum, p 222.
9 Helen Murdoch, “Māori Mull Land Options” Nelson Mail, 19 July 2012.
10 When Te Tau Ihu Māori agreed to the settlement of Nelson, it was subject to two important
conditions, one of which was that one-tenth of all land used for the Nelson settlement would
be reserved in perpetuity for the benefit of the families of the customary landowners and their
descendants.
The trustees can be employed by the trust or have an interest
in any contract11 with the trust, but they must not vote or
10. Money that is derived from assets held and earnings (such as rent and interest)
but not ‘purchase money’ (land converted into money).
11.
Over the years, Piri has worked in service of her people in Whanganui including Awa FM, Te Oranganui Iwi Health Authority, Te Puna Matauranga o Whanganui and the Whanganui River Māori Trust Board.
In the last 10 years, Piri has worked at the Māori Land Court in Whanganui and has recently been added to the MLC Leadership Team.
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Māori Land Court – Glossary of Terms – 21/02/2023. PAGE 10 of
15
PĀTAKA WHENUA
The name of the Māori Land Court case
management technology.
The vast majority of
trusts and incorporations function despite the fact that the engaged owners continue
to be a minority, often a mere 5 to 10% of the owners. This is the case for the largest
and most successful trusts and incorporations, such as the Tuaropaki Trust and
Mangatu Incorporation, right down to the smallest papakainga trusts.