Shareholders
To update your details and to ensure you receive notices and correspondence from the Trust please make contact with the Share Registry team at;
Deloitte
Pukeroa Oruawhata House
2nd Floor, 1176 Amohau St
PO Box 12003
Rotorua 3045
Phone +64 7 343 1050
To check whether you or your family are owners/shareholders in Pukeroa Oruawhata Trust please visit Maori Land online.
Maori Land Court Successions
How do I apply for succession?
You need to file an application for succession at the Maori Land Court. You will need to provide the following:
- Original death certificate or a certified copy
- Original will (or grant of administration) if there is one
- Fully completed application papers
- Application fee of $60.00
- Details of the deceased’s whanau. That is parents, brothers, sisters and children.
How much does it cost?
The application fee is $60.00. That is the only cost payable to the Maori Land Court. You may incur other costs obtaining copies of death certificates and if you have to consult a lawyer. You should discuss this with Court staff.
What happens when I lodge my application?
The application is searched by Maori Land Court staff to obtain full details of the deceased’s land interests. You will receive a copy of that search and will be advised by letter when you have to go to Court. A Court hearing will be arranged at the Court venue closest to where the land is located or, if you prefer, closest to where you live. Following the Court sitting, you will receive a copy of the Court minutes. This is confirmation of what happened at the hearing.
You will receive a Vesting Order sometime after the hearing. This is the legal document that states who has succeeded to the land interests of the deceased and in what proportion. Please provide a copy of the Vesting Order to the Share Registry team at the address below who will contact you regarding the information required to update the Share Register record.
Deloitte,
Pukeroa Oruawhata House
2nd Floor, 1176 Amohau St
PO Box 12003
Rotorua 3045
Phone +64 7 343 1050
Do I have to get a lawyer?
In most cases, you can complete succession yourself. You should discuss whether or not you need a lawyer with Court staff.
Pukeroa Oruawhata Trust Owners’ Grant
An owners’ grant in lieu of a dividend is recommended to the annual general meeting for approval. This grant is payable to the owners registered at that date who have supplied their bank account numbers and addresses.
The grant is available to owners up to the date of the next AGM. Any owners who register after the payment date and up until the next AGM will be entitled to the payment they would have received had their addresses and bank account details been known.
Owners who succeed to shares will be entitled to the grant up until the next AGM if it has not already been paid to the deceased shareholder. Where the Pukeroa Oruawhata Trust is notified of a shareholder’s death the Trustees may at their discretion release up to 3 years unpaid grants to the successors.
The grant is paid from retained earnings with Maori Authority Tax Credits (MACA) attached. The sum set aside for distribution each year will vary according to the sum available after having reviewed the Pukeroa Oruawhata group’s financial position.
Payments are calculated according to shareholding bands.
Payments to overseas owners will be the $NZ amount net of any bank charges.
The Trustees decision in these matters is final.
Unclaimed Dividends
Prior to the Annual General Meeting on 27th October 2007 owners received dividends. At the General Meeting it was agreed that owners receive a grant instead of a dividend. Some owners have funds that have not been uplifted. If you or your whanau are listed on the Shareholder Balances Report please make contact with the Share Registry team at Deloitte for advise.
Deloitte
Pukeroa Oruawhata House
2nd Floor, 1176 Amohau St
PO Box 12003
Rotorua 3045
Phone +64 7 343 1050
For a copy of our latest annual report please email us or phone our office.
