MOJ0217 v2.1E Maori Land Trusts May19 v2 WEB
. • Ahu whenua trust This is the most common Māori land trust.
Uploads/MOJ0217-v2.1E-Maori-Land-Trusts-May19-v2-WEB.pdf (166 kb)
. • Ahu whenua trust This is the most common Māori land trust.
Uploads/MOJ0217-v2.1E-Maori-Land-Trusts-May19-v2-WEB.pdf (166 kb)
The Trusts Act does not contain all the law relating to trusts.
Documents/Guides-Templates-Factsheets/Factsheet-for-landowners-Trustee-Act.pdf (68 kb)
The exception, of course, is the election of their representative on the ahu whenua trust before its inaugural AGM. Accordingly, whilst all the beneficiaries of the respective whānau trusts are also beneficiaries of the ahu whenua trust, there is no election of trustees at an ahu whenua trust AGM.
Trustees may be held personally liable, jointly and severally, for any losses a trust may sustain and for other breaches of trust.
Support was given for the formation of a whānau trust. An application to constitute a whānau trust was filed in 2004 and eventually heard in February of 2005.
However, any person included in the trust must consent to their interests being included in the trust.
Documents/Guides-Templates-Factsheets/MLC-succession-english.pdf (1.2 mb)
However, any person included in the trust must consent to their interests being included in the trust.
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.
Documents/Judges-corner-articles/MLC-2014-Jun-Judges-Corner-Ambler-J.pdf (191 kb)
With shares held by individuals becoming increasingly fractionated but shares held in whānau trusts being relatively stable, I foresee a time when these whānau trusts will be major shareholders in trusts and incorporations.
Examples of what could be considered ‘simple’ trust matters include: • forming a whānau trust for a single owner’s interests or shares; or • terminating a kaitiaki trust for a minor when the person reaches 20 years of age; or • appointing a trustee to a whānau trust.
Documents/Guides-Templates-Factsheets/Factsheet-Legislative-changes-affecting-trusts.pdf (303 kb)