Background

Nga Maunga Kaitiaki Trust

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Maunga Putauaki and its surrounds is owned and managed by Nga Maunga Kaitiaki Trust ("the Trust").

The Trust was established in 2005, to receive Maunga Putauaki which was removed from the Tarawera No.1 Block at the time of the Tarawera Forest purchase in 2004.

Caring for the Mauri of Putauaki

The introduction of plantation pine and other pest plants and animals have had a detrimental impact on the mauri of Maunga Putauaki. This was always a concern for the Directors of Maori Investments Limited and is an issue the present Trustees have sought to address.

The purchase of the Tarawera Forest Valley by Tarawera Land Company in 2004 provided Maori Investments Limited with an opportunity to separate Maunga Putauaki from the main forest estate (Tarawera 1). Once surveying was complete, Putauaki was transferred to the Mt Putauaki Charitable Trust.

The Trust's name was subsequently changed by Deed of Variation to Nga Maunga Kaitiaki Trust on 26 November 2007. The Trustees agreed that the Trust's name should have application to other sites of cultural significance and in particular reference was made to Maungawhakamana, which is owned by Tarawera Land Company.

The Trust was registered as a charitable entity under the Charities Act 2005 on 30 June 2008. The registration number is CC39402.

The on-going management of Putauaki resides with the trustees of  Nga Maunga Kaitiaki Trust, while the power of appointment to the Trust rests with the Directors of Maori Investments Limited.

As of the 2014 financial year, Nga Maunga Kaitiaki Trust is now consolidated to the Group. It pays Maori Investments Limited a management fee for the administration and day to day operations.

Governance

Nga Maunga Kaitiaki Trust has identical governance as Maori Investments Limited, and the Trust Deed specifies that power of appointment resides with Maori Investments Limited.