Phone: 073238146 | Email: info @ maoriinvestments.co.nz

MIL RELATED ENTITIES

Tarawera Land Company

Tarawera Land Company is a wholly owned and controlled subsidiary of Maori Investments Limited. It was incorporated in 2004, with its primary purpose being the vehicle to purchase the Tarawera Forest lands from Tarawera Forest Limited.

Strategic Assets

The Company’s most strategic asset is the Tarawera Forest which is approximately 29,000 hectares. Of this estate, approximately 21,000 hectares is planted in pine forest, of which there are two Forestry Rights: the first in favour of Tiaki Plantations; and the second to Kaingaroa Timberlands.

Income Generation

A substantial part of Maori Investments Limited’s income arises from the dividend paid by Tarawera Land Company from the rental received on the Forestry Rights.

Tarawera Land Company pays Maori Investments Limited a management fee for the administration and day-to-day operations of the Company.


  • History
  • Directors
  • Permits
  • Native Reserves

Achieving 100% ownership


In 2004, the largest shareholders in Tarawera Forest Limited (Tenon – a subsidiary of Fletcher Challenge) expressed a clear intention to sell their shares in Tarawera Forest Limited.

TaraweraHistoryPage-DiagramA condition of the sale of that Company was that the consent of the other shareholders (the Crown and Maori Investments Limited) had to be obtained.

Purchase of Tarawera Forest

Maori Investments Limited had a right of first refusal to purchase the shares in Tarawera Forest Limited upon the sale of the Company, which it exercised in 2004.

Following a series of negotiations between Maori Investments Limited, the Crown and Tenon, an agreement was finally reached whereby Maori Investments Limited was to sell their shares in the tree crop from the Tarawera Forest Limited to Tenon and purchase the Tarawera Forest land from the Company.

This was transacted on 3 November 2004, with Maori Investments Limited subsidiary Company, Tarawera Land Company Limited purchasing Tarawera Forest.

Public Access

As part of the negotiations, Tarawera Land Company and Tenon agreed to allow public access to lakes and the falls, through the Tarawera Valley.

In return, MIL Shareholders and their descendants would be able to continue to exercise their existing practices and uses, subject to compliance at all times with the Forest Managers operational, fire risk and safety requirements.

 

 

Board of Directors


 

Tarawera Land Company is governed by a Board of two Directors, Maori Investments Limited's Chairman, Mr Tiaki Hunia and Maori Investments Limited's CEO, Ms Kiriwaitingi Rei.

 

 

Permits 


Ruby removedsml

Access for Cultural Purposes

Tarawera Land Company has the right to issue permits for the Tarawera Forest for cultural purposes only.  Cultural purposes include and are restricted to eeling, watercress, kouka and hangi stones. Permits for recreational purposes must be obtained from the Kawerau Information Centre.  Permits cost $5 per vehicle.

The taking of any wood product from the Tarawera Forest is strictly prohibited.

Restricted Access

Access to McKee Road is strictly prohibited. Maori Investments Limited does not issue permits to shareholders or any other person other than MIL Directors to access McKee Road.

In 2012, the Board resolved to not allow access through the Tarawera Forest for hunters wishing to hunt on land owned by the Department of Conservation. Alternative access will need to be arranged.

 



Management of Native Reserves


Tarawera Land Company has entered into an agreement with Land Managers Timberlands to manage the native reserve areas in the Tarawera Forest.

As part of that agreement, the parties are meeting to discuss and formulate a plan to administer a Management Plan over those areas.

The Management Plan will assist Kaingaroa Timberlands and Timberlands Limited towards their Forest Stewardship Council accreditation.

From the perspective of the Board, it will lead to an improvement in the health, sustainability and profile of the land for future generations.

Kaitiakitanga

The first step in the process is to undertake an Ecological Assessment of the native reserve areas (estimated at 8,000 hectares).  

This will cover both environmental and cultural values, and the Management Plan will be built around the Ecological Assessment.