Settlement Process

“The trust has entered into a joint venture with Tapuika, Ngāti Rangiwewehi, Ngāi Tamarawaho and Ngāti Ruahine for part ownership and shareholding in Puwhenua.”


From the signing of the Ngāti Ranginui Deed of Settlement on the 24th June 2012, a process of transferring assets to the Ngāi Te Ahi Settlement Trust (NTAST) has been in progress.  As per the ratification process the NTAST has received its first instalment of settlement cash.  The trust has entered into a joint venture with Tapuika, Ngāti Rangiwewehi, Ngāi Tamarawaho and Ngāti Ruahine for part ownership and shareholding in Puwhenua.  A joint venture company is also being set up with Ngāti Ruahine to receive equal ownership and shares in our commercial properties.

The anticipated signing of the Deed of Settlement for the Tauranga Moana Iwi Collective (TMIC) in June 2014 and the passing of legislation for all Tauranga Moana claims proposed for December 2014, will see further settlement redress being transferred to the NTAST.  A note to make is that the Ngāti Ranginui Deed of Settlement legislation will not go through if the TMIC Deed of Settlement is not signed.

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