Rentals and Distribution
While CNI Iwi Holdings Ltd is holding the settlement land in trust, it will distribute rentals from the Crown Forest Licences (CFLs) on these lands back to iwi members annually, using the agreed proportions that were part of the Deed of Settlement (DOS).
The accumulated rentals, or "cash" portion of the CNI Forests Collective Settlement, came to around $250 million. It was transferred to CNI Iwi Holdings Ltd and from there it was distributed out to the individual iwi PSGEs using the Initial Agreed Proportions.
The annual rental income from the CNI forests land (approximately $15 million for FY09/10) will be distributed to all shareholders using the Collective's and Crown Agreed Proportions.
Collective's Agreed Proportions and Initial Agreed Proportions:
|Iwi||Governance Entity||Collective's Agreed Proportions||Calculation||Initial Agreed Proportions|
|Ngai Tuhoe||Tuhoe Establishment Trust||26.3125%||x 0.9||23.68125%|
|Ngāti Tuwharetoa||Tuwharetoa Settlement Trust||25.9125%||x 0.9||23.32125%|
|The Affiliate Te Arawa Iwi/Hapu||Te Pumautanga O Te Arawa Trust||15.6125%||x 0.9||14.05125%|
|Raukawa||Raukawa Settlement Trust||14.2125%||x 0.9||12.79125%|
|Ngāti Manawa||Te Rūnanga O Ngāti Manawa Trust||6.0125%||x 0.9||5.41125%|
|Ngāti Whare||Te Rūnanga O Ngāti Whare Trust||4.7125%||x 0.9||4.24125%|
|Ngāti Whakaue||Te Komiti Nui O Ngāti Whakaue Trust||3.6125%||x 0.9||3.25125%|
|Ngāti Rangitihi||Te Mana O Ngāti Rangitihi Trust||3.6125%||x 0.9||3.25125%|