6 Apr 2010

$5 million to be distributed by Tuhoe trust

9:03 am on 6 April 2010

The Tuhoe Establishment Trust intends to distribute $5 million from its share of the Central North Island forestry settlement to its marae and hapu.

Chairperson Tamati Kruger says the trust is still working on a distribution formula, as some of the 50 marae and hapu overlap with other tribal areas.

He told Waatea News the trust won't tell the marae how the first fruits of the $67 million settlement should be spent, but it will ask for it to be properly accounted for.

Mr Kruger said a further $1 million will be shared among tribal executives in the Waimana, Ruatoki, Ruatahuna and Waikaremoana valleys to help cover the consultation costs of developing a new tribal structure.

Trust members include former Labour Finance and Treaty Negotiations Minister Michael Cullen, Supreme Court Judge Sir Noel Anderson, Treasury adviser Murray Nash and Aaron Hing from Perpetual Portfolio Management.