Central North Island Forests Land Collective Settlement Act 2008

  • not the latest version
15 Principles for allocation of rental proceeds
  • (1) The company must allocate 86.7% of the accumulated rentals to the CNI Iwi Collective in accordance with the allocation percentage set out in Schedule 3 for each iwi of the Collective.

    (2) Subject to the Crown agreed proportion, the company must allocate the ongoing rentals to the CNI Iwi Collective in accordance with the deed of trust.