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Administration of reservations
RECORDS AND ACCOUNTS
The trustees are required to:
• keep and maintain accurate and up‑to‑date records and
accounts of the reservation
• maintain a bankaccount for the reservation and ensure
that the bankaccount is operated by at least two
signatories
• at any time, give the MLC all records, accounts books
and vouchers in possession or control of the trustees for
examination by the Court
• keep a minute bo...
Administration of
reservations
Records and accounts
The trustees are required to:
• keep and maintain accurate and up-to-date
records and accounts of the reservation
• maintain a bankaccount for the reservation
and ensure that the bankaccount is
operated by at least two signatories
• at any time, give the Māori Land Court all
records, accounts books, and vouchers in
possession or control of the trustees for
examination by the Court...
For each financial year the trust’s gross annual income or gross annual expenditure exceeds
$100,000, the trust’s accounts are to be audited.
Managing trust funds
The trustees must ensure that all money received by or on behalf of the trust is paid without
delay into the trust’s bankaccount.
Controlling Trust funds
7.2 The Trustees must ensure that all money received by or on behalf of the Trust is paid
without delay into the Trust's bankaccount.
7.3 The Trustees must keep a detailed record of all receipts and payments of Trust funds.
7.4 No debt is to be incurred by the Trustees other than by approval prior to the incurring of
the debt, or at the Trustee Meeting that immediately follows the incurring of the debt on
their behalf.
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7.5...
For example, you may need to provide your bankaccountdetails and an IRD number. Mēnā kāore koe i te whakaae ki te putanga
If you disagree with the outcome
If you don’t agree with a decision made by the Māori Land Court, you can consider appealing the outcome of your application.
The personal
representative is responsible for making
sure that all the details in the will are
finalised.
However, if the estate is small the family
may decide not to seek probate from the
High Court.
The personal
representative is responsible for making
sure that all the details in the will are
finalised.
However, if the estate is small the family
may decide not to seek probate from the
High Court.