11
Higher annual grants to marae, buying more land to
grow our tribal estate, helping whaanau into home
ownership and better rental situations, promoting reo
and tikanga, creating employment opportunities and
maintaining our focus on education are our top priorities.
We are developing our strategy for the allocation of
Relativity funds and expect to commit a significant
portion of it to advancing these priorities. However,
achievement over the long-term relies on the success
of our commercial activities. The diversification
strategy developed by Tainui Group Holdings is
contingent here and Te Arataura fully supports the
plan to broaden the investment portfolio.
2016 has been a solid year. We have been in strategic
development phase in recent years and that has come
to fruition with the launch of education and reo and
tikanga plans; advances in employment, housing
and marae development programmes; progress in
outstanding claims and Right of First Refusal issues; and
the continued embedding of Tai Tumu Tai Pari Tai Ao.
I want to particularly acknowledge the Hauraki Maori
Trust Board with whom we reached mutual agreement
over allocation of commercial fisheries and aquaculture
assets and reaffirmed our long-standing whanaunga
relationship. Details of our overall progress can be
found in the Operations Report on
pages 22 -43.
We have continued to foster strategic relationships with
likeminded organisations where mutual benefits can be
achieved and we are well supported by the corporate
sector. The Crown is also an obvious important
relationship given our claims history, current outstanding
claims, and common goals for development.
And while 2016 has been strong, 2017 and beyond
will be stronger yet. We have an improved governance
1.13
0.63
1.23
5.77
0
0.53
1.48
0.95
1.21
1.94
3.33
7.02
5.11
7.34
4.38
4.36
6.76
7.11
6.14
22.35
9.40
20
25
15
10
5
0
‘96 ‘97 ‘98 ‘99 ‘00 ‘01 ‘02 ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15 ‘16
$M
Puna kupu reo waananga with Waikato-Tainui kaumaatua, 2015
YEAR
20 YEARS TOTAL DISTRIBUTIONS
*