NGAI TUKAIRANGI HAPU TRUST

Annual General Meeting

4. Trust Deed Review
4. Trust Deed Review
Ngai Tukairangi Hapu Trust (NTHT) started review of the Trust Deed on as 15 September 2017 in line
with the requirements under the clause 18 of the current Trust Deed.

The NTHT intend to formally introduce the review at the upcoming AGM on the 31 October 2017 at
Hungahungatoroa Marae. As there is no timeframe requirement under the Trust Deed to complete
this process the Trustees would like to engage and consult with the beneficiaries before final draft of
the reviewed Trust Deed is confirmed.

The initial review has raised a number of issues some of which have been worked through in the lead
up to the AGM with others requiring more thoughts and input from the Hapu. The below table
summarises the review and issues identified so far:

Area Issue Comments / Notes

The Trust are currently in a holding pattern

while it waits for assets to be vested in the
Hapu. This means that the Trustees have
General No further discussion
nothing to compare with to determine if the
clauses relating to operationalising the Trust
Deed need to be reviewed at this time.

The current Trust Deed definition of beneficiary

This issue is relevant only for
is very broad in that it defines a beneficiary as
asset distributions. Trustees
Beneficiary every person of Ngai Tukairangi descent This
support open inclusive definition
definition definition has the potential to register with
and have no issue with a trustee
more than one Hapu community and be a
being on multiple trusts as long as
Trustee of more than one Hapu Community
interests are registered.
entity.
Currently the Hapu are reliant on the Ngai Te
Rangi Register to identify beneficiaries,
Hapu However, due to the definition under the Trustees have put into place
register current Trust Deed this may cause issues with actions to begin a Hapu based
members who have registered with other Hapu register
communities but are also whakapapa to Ngai
Tukairangi.
Although the Trust Deed does not
clearly set out an election process
the Trustees have engaged an
Election The current Trust Deed does not clearly set
external contractor to run a
Processes out the Trustee election process
process that is in line with the
provisions that are set out in the
Deed

The above issues are those identified under initial review. Other areas for review will be discussed
with all beneficiaries as the Review Process progresses.

Actions for 2018

1. By April 2018 have held one hui regarding any further suggestions.

2. By June 2018 final resolutions if any made to be provided and circulated for AGM in
September for ratification.

The Trust will present these issues in more detail at the AGM and seek feedback through open
discussion.