Panui & Opportunities
On this page notices for the trusts will be uploaded from time to time. If you would like to receive panui ki te iwi please email ruth@kahungunu.iwi.nz by clicking her email address. Otherwise view or click on links below that may help you keep informed.
To help us keep in touch with you, please contact the secretary with you updated mobile, email and postal address so we can keep in touch with you.  

HE PĀNUI -1 August 2022


Tēnā koutou katoa land owners,

 

The Trustees are pleased to announce that a short-term lease (3year) for the Ngatarawa Land Blocks was signed off in March 2022. Trustees are aware that landowners moved a motion at the 2021 AGM to wānanga about options for the Ngatarawa land before signing, however, it was agreed by the trustees that a short-term lease be signed off to allow landowners to receive their dividend payments whilst we discuss future aspirations for the land. The new lease is viewable on this website. Click here for more information. 
 

On 4 December 2021 in conjunction with the AGM, we held the triennial election of new trustees. We have not submitted the MLC application for new trustees because of a number of issues that have been highlighted by some owners that were addressed at a Judicial Hearing called by the few owners. The issues they raised were directed to the former/current trustees, therefore the application to the court was held off to ensure the best way forward. 
 

We continue to keep this website updated and hope that whānau continues to be engaged through this platform.  


Tertiary Grants closed in May and the successful recipients were informed and paid. More information is on this site.

 

Now that the Land Leases are locked in, dividend payments are also back into swing – ie. two payments per year (Jun-July and Dec-Jan). All owners are required to include their Dividends from the Ohiti and Ngatarawa Trusts in their Tax Returns every year subject to the following:

 

They are required to file a Tax Return IF they receive any income over and above their Wages, National Super, or receive Interest and/or Dividends, in excess of $200pa.

 

The dividends from the Trusts have a Resident Withholding Tax Credit attached that you can claim against your total Tax Liability.

 

In order to calculate this amount, divide the amount received by .825, this will give you the Gross Dividend. Multiply this amount by .175 this will give you the RWHT figure.

 

To check your calculations:  Gross less RWHT = Nett amount received.

You need to return the Gross figure as Income and claim the RWHT as a Tax Deduction.


Full dividend payments commenced in July 2022. If you are an owner and you were not paid, chances are we do not have your correct or current information. Please email me.  

Ngā mihi nui ki a koutou katoa, Noho ora mai, 

The Trustees