The second of these tasks – assessing the “regulatory environment” – was and
remains critical to the ultimate success of the review. Any panel assigned to review
an Act must focus on its substance: that is, what works and what does not work?
Examples of what could be considered ‘simple’ trust matters
include:
• forming a whānautrust 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 whānautrust.
Fifth The project has also highlighted the need for the Māori Land Court to be more proactive in its identification and review of defunct trusts and incorporations due to circumstances such as the death of key trustee or management committee members.
Whenua tōpū trusts, again a land management trust, which provide for iwi or hapū based
trusts designed to facilitate the use and administration of the land on behalf of a wider class
of owner, normally a whānau, hapū or iwi grouping.
With the focus of the recent review on increased productivity of land, let’s not forget the many trusts and incorporations that already do a great job and are success stories that have been celebrated this weekend.
.
- Reviewed February 2018
NOTE:
1. The enclosed terms of trust are an example of a COMPREHENSIVE trust order which you
may use for your Ahu Whenua or Whenua Tōpū trust.
The Benefits Notwithstanding the very lengthy amount of time it took to form the whānautrust and the ongoing administration, what have been the benefits of forming the whānautrust?