This Trust deed sets out the manner in which Te Runanganui o Ngati Porou will operate and administer the settlement and other assets to meet the cultural, social, environmental and economic aspirations of Ngati Porou, protect the mana of our tipuna and empower the mana of nga uri o nga whanau hapu o Ngati Porou mai I Potikirua ki Te Toka a Taiau.
This Statement of Investment Policy and Objectives (“SIPO”) prepared by the Directors of Ngati Porou Holding Company Limited (“NPHCL”) sets out the objectives, policies and beliefs governing decisions about investments in relation to Te Runanga o Ngati Porou’s (“TRONPnui”) financial and operational assets.
The purpose of this Act is to give effect to certain provisions of the deed of settlement, which is a deed to settle the historical claims of Ngati Porou, dated 22 December 2010.
The following settlement was signed on 22 December 2010 and remains subject to the passage of settlement legislation.
The Ngāti Porou Deed of Settlement is the final settlement of all historical Treaty of Waitangi claims of Ngāti Porou resulting from acts or omissions by the Crown prior to 21 September 1992, and is made up of a package that includes:
• an agreed historical account and Crown acknowledgements, which form the basis for a Crown Apology to Ngāti Porou;
• cultural redress; and
• financial and commercial redress.
No private land will be transferred as redress, only Crown assets.