Te Runanga O Ngāitakoto Management Report 2017

E R U NANG A O Annual NgāiTakoto Management Report December 2016 - December 2017 TE RUNANGA O NGĀITAKOTO MANAGEMENT REPORT 2017

Ko Tuwhakatere te Tupuna, This Te Runanga O NgāiTakoto Management Report covers the activities and actions of the Iwi organisation over Ko Tohoraha te Maunga, the past 12-month period, from December 2016 – December 2017. Ko Awanui te Awa, In the previous 12-month period there Ko Rangaunu te Moana, has been an ongoing, consistent and ESTABLISHING OUR NGĀITAKOTO CREDIBILITY IN PARTNERSHIP Ko Waimanoni, Mahimaru, Paparore, Kaimaumau, substantial amount of work that is with our local communities and other organisational bodies. nga Marae, being progressed in a number of Post Ko NgāiTakoto te Iwi Treaty Settlement areas. Many of those activities comprise of the need He iti marangai, tu ana te pahukahuka, he iti Pioke no ESTABLISHING NGĀITAKOTO INFLUENCE to complete what was agreed to in our through partnership in Environmental Management, Rangaunu, he Au tona….. individual (NgāiTakoto) and collective Economic Development, and Social Responsibilities (Te Hiku) Iwi Treaty Settlement Ko Ranginui kei runga, ko Papatuanuku kei raro, Agreements and to complete those outstanding matters through further ko nga tini whanaunga kei waenganui, tihei wa, ADVANCING OUR NGĀITAKOTO ORGANISATION’S ENGAGEMENT negotiations with Local government, with central Government and local government. mauri ora, tena koutou katoa nga tini whanaunga O Central Government and other Te NgāiTakoto, me mihi nui atu ki a koutou katoa, kua Hiku Iwi. All the while transitioning tau mai te aroha, nga manaakitanga o te Atua. Tena those results across to the NgāiTakoto koutou i o tatou tini mate, e nga mate, haere, haere, PSGE (Te Runanga O NgāiTakoto) and Therefore there is the need to Plan, Lead, and Influence how regulatory merging that work, and the outcomes relationships impact on our future NgāiTakoto businesses and settlement haere atu ra, te hunga mate ki te hunga mate, te hunga of that work, into our own existing outcomes and to Strengthen the Iwi Capability to Engage and Respond ora ki te hunga ora, tena koutou, tena koutou, tena organisational work streams, that Appropriately, Effectively and Efficiently in the Management of Our koutou katoa. requires considerable ongoing work, environments. and or work requiring completion. There is still the ongoing need to progress the final details and development of With the Treaty Settlement outcomes the NgāiTakoto Post Settlement Governance Entity (PSGE) and how that interacts comes a necessity to engage with with the Runanga’s future business requirements, such as Forestry, Farming, other groups/organisations who Tourism, Horticulture, Property & Asset Management, Financial Investments play a role within Te Hiku and the and again our own NgāiTakoto strategy, “Future Proofing the NgāiTakoto Iwi” wider operational NgāiTakoto and getting all of those alignments right. environments. We need to continue our journey and build foundations and The 2017 Te Runanga O NgāiTakoto Management Report highlights and relationships with key stakeholders summarises those activities and work streams that have been undertaken over who we not only engage with, but this last 12 month period, by the Board, and Management team. who can ultimately assist (without hindering us), in achieving our The Work Task Programme is as per the details below: objectives and the outcomes that we seek for our people through;

2 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 3 The NgāiTakoto objectives are: Work will continue into 2018 to 1. Negotiate an investment model and business case with Summit develop the finer business details Forests Ltd, ► To link our forestry interests of how the Aupouri forest and the back to the NgāiTakoto PSGE future of the forest-lands, will be 2. Agree on a range of acceptable investment structures and parameters to WORK TASK 1 (Te Runanga O NgāiTakoto) managed. There are still tasks cover ownership, control, management, duration, entry and exit provisions, ► Maintaining our position on required to complete our obligations employment and social outcomes. Crown NgāiTakoto land ownership / with the Crown & Summit Forests management (mana whenua) Ltd, for the forest’s land transfer and 3. Agree an approach to investment in non-forestry opportunities (horticulture on those forest lands between future forestry planting. This work / honey) and use of the land, consistent with mana whenua resolution. Waimimiha and Hukatere has commenced with the drafting 4. Prepare mutually agreed financial forecasts for Te Hiku forest, including (8,000ha) of a forestry plan as outlined from alternate land uses, and wider Summit forest Ltd interests in Taitokerau. discussions, in the summary below: (Model investment options). 5. Negotiate and agree on preferred investment structure, pro-forma Continue Negotiations with (a) financials, expected social and other non-financial outcomes. Te Hiku Forum & (b) The Crown Te Hiku Forest Working Group to achieving post Settlement 6. Negotiate ownership, governance, control, and management arrangements. Legislation outcomes. 7. Document agreed positions as a term sheet.

AUPOURI (TE HIKU) FOREST 8. Present negotiated outcome to Forestry Working Group. Rangitane Marsden and Craig Wells 9. Go / No Go decision, to be made by 17 June 2018 (NgāiTakoto) are our representatives on the 8 member Te Hiku Iwi Forestry Group. The Objective of the Aupouri The annual NgāiTakoto land rentals received from forestry in 2017 amounted to $115.666.07. These funds are banked with Forest Working Group is to negotiate the Bank of New Zealand. the transfer of Te Hiku Forest lands back to an Iwi Forestry Governance entity comprising of x4 Iwi, (Ngati Kuri, Te Aupouri, NgāiTakoto and Te Andre Neumann Rarawa). 10 June 2016, Kerikeri

4 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 5 TE ONEROA A TOHE BEACH at risk from the actions of poorly 1. The Development of a Treaty approach with the First stage focused KAITAIA AIRPORT LEASE FAR NORTH DISTRICT COUNCIL BOARD (90 MILE BEACH) developed relationships that exist Partnership based relationship on information gathering such as AGREEMENT - NGĀITAKOTO LANDS OF This involves the transition and between the groups at the Beach Agreement, clarifying Roles, values, issues, and opportunities Discussions in regards to the Kaitaia SIGNIFICANCE: transfer of Te Oneroa A Tohe, (90 Mile Board table. Functions & Responsibilities. including cultural and recreational Airport are currently underway with Te Runanga O NgāiTakoto had initiated Beach) to a Statutory Governance 2. Acknowledging Treaty Principles uses. Iwi, hapu, whānau community Land Information NZ and NgāiTakoto. discussions in past years (2012) and Management Board comprising x5 Iwi Discussions will continue to finds as the basis for a working engagement will be vital in the The position that NgāiTakoto holds provided detailed information to & two northland councils, Northland solutions to the above matters. relationship. review, and in the development of with regards to the Airport is that the Far North District Council about Regional Council (NRC), Far North The principle matters (details) to new conservation policy for the Te the future determination of a lease a number of properties of cultural District Council (FNDC). TE HIKU CONSERVATION BOARD be included in the Conservation Hiku region. with The Far North District Council is significance to NgāiTakoto that are Objective: Establishment to a Management Strategy (CMS). required to consider: currently in council management The development of the Te Oneroa A Statutory Governance entity of x4 3. The manner in which those Chris Jenkins (Community comprising as reserves, domains, Tohe Beach Board was to be driven Iwi – Department of Conservation, detailed matters are to be dealt Representative) said that “Stage two ► The potential opportunity for joint and parks. within the revised Te Kupenga (Te Hiku and linking this work back into the with, and is an additional step proposed to venture business opportunities, No real progress apart from a Iwi Leadership structure), and linking NgāiTakoto PSGE whilst maintaining 4. The practical steps that the parties by the Board as an informal and ► The involvement of the relevant discussion with the council CEO back to the NgāiTakoto Runanga, our position on NgāiTakoto land will take to prepare and seek non-notified step that will enable NgāiTakoto Marae and Ngati Kahu and the Te Hiku Community Board whilst maintaining our position of ownership / management of our approval of the draft Conservation Iwi, hapu, whānau and community Hapu in the future determination in 2016. As mentioned, we have NgāiTakoto goals on NgāiTakoto Conservation lands. Management Strategy document. to provide initial input on the of the Airports land use. included these properties in our kaitiakitanga (land ownership / proposed Draft”. ► The negotiation of an appropriate Asset Management document and management). Below is a summary report of the Co-Chair Rangitane Marsden transfer price from the Crown NgāiTakoto Environmental Plan as progress being made with the (NgāiTakoto Representative) says Once this part has been completed back to NgāiTakoto – Ngati Kahu a clear signal that negotiations on The progress of developing the Beach Department of Conservation in “The Board is continuing to mature and feedback considered, the final hapu. these lands are still outstanding, Board management plan has stalled regards to the development of a from the ‘new board on the block’ step will be to finalise the draft and that they are significant cultural at this point in time, the key reasons Te Hiku Conservation Management status by reaching out to the other through the statutory process NgāiTakoto currently hold a 50% NgāiTakoto lands, that we require, be being: Strategy (CMS) conservation boards at formal for developing a conservation vested interest in the Airport Lands returned to NgāiTakoto. • The lack of Local Government meetings i.e. Northland Conservation management strategy which then and Ngati Kahu hapu a 50% vested (councils) being willing to establish The Board’s major focus for 2017 Board and the New Zealand allows all members of the public to interest share. NgāiTakoto Iwi have a Treaty Based Partnership and a is progressing the development Conservation Authority, this enables participate through a submissions the right to purchase a full 100% Goodwill Approach, to engaging of a new Te Hiku Conservation our Board representatives to build and hearing process”. of the lands from the Crown under with Iwi / Maori. Management Strategy (CMS), relating relationships and communicate our settlement conditions. • The withdrawal of Ngati Kuri, to conservation land within the vision for the future of conservation The Board wishes to acknowledge NgāiTakoto, and Ngati Kahu combined areas of interest of Te management in Te Hiku O Te Ika”. all the efforts of Te Hiku people to Our NgāiTakoto position is that should participation from the Beach Aupōuri, Te Rarawa, NgāiTakoto and supporting conservation projects and we exercise the right to purchasing Board Working Group for Ngāti Kuri. The Board has completed The Te Hiku O Te Ika Conservation education awareness programmes 100% of the Airport lands (from the reasons that we believe will work with the Department of Board formally adopted this throughout 2017. Crown) then we will hold in trust, the place the significance of the Conservation to develop a preliminary preliminary agreement at its Ngati Kahu hapu 50% share and that Beach (Ara Wairua trail) and our agreement. This agreement sets out: meeting on the 15th November 2017. share, will be returned to those hapu responsibilities as kaitiakitanga, The agreement proposes a staged / marae.

6 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 7 RECOMMENDED NGĀITAKOTO GROUP STRUCTURE

A Framework

E RUNANGA O WORK TASK 2 PSGE (MA) for change to Te Runanga O NgāiTakoto A Discussion guide PSGE Post Settlement Governance Entity (PSGE) OUR NGĀITAKOTO ::::: Vision & Purpose ::::: Commercial & Charitable Structure ::::: Constitution & Deed JOURNEY ::::: Representation Criteria ::::: Distribution Model Reviewing our past 20 year plan 1997-2016 ::::: Investment Strategy Donations $ Management Income Agreement

Form a tribal authority (Post Get involved He honore, he kororia ki te Atua,

and informed, He maungarongo ki te whenua, He whakaaro pai ki nga tangata katoa, Settlement Governance Entity that contribute Hanga e te Atua he ngakau hou, A O UNANG Ki roto, ki tena, ki tena o matou, E R your views, majority stakeholders understand Whakatongia to wairua tapu, understand Hei awhina, hei tohutohu i a matou, TE IWI O NGĀITAKOTO Hei ako hoki i nga mahi mo tenei ra. and agree to it as the best option. Charitable Group the reasons hy? This is likely to include cultural, Trust Holdings PSGE Discussion Paper, December 2014 TREATY SETTLEMENT organisational, and structural (Tax Exempts) ASSETS REGISTER changes to how NgāiTakoto operate E RUNAN now. Develop a Commercial and GA O Charitable Trust component to the structure and a strategy and works programme within those portfolios: Scholarships, Property NGĀITAKOTO PSGE ENTITY titles) and securing future business NGĀITAKOTO SETTLEMENT This document was also presented Management, and Assets. UPDATE: relationships (Sweetwater Farms / ASSET REGISTER at our membership roadshows in The redesign of the Charitable Aupouri Forest) and the collective iwi In November 2016 we circulated November 2016 and aims to keep TRANSITION TO NGĀITAKOTO Trust and our inclusion of Marae relationships (Beach Board / Te Hiku our NgāiTakoto Settlement Asset members informed as to their assets POST SETTLEMENT representation onto that Board Conservation Board / Korowai). register to our NgāiTakoto members and the future considerations, GOVERNANCE ENTITY (PSGE) are presently underway. The households. challenges and obligations of owning TE RUNANGA O NGĀITAKOTO process to drive the establishment Our recent membership roadshows in those assets. of the Charitable Trust is our A early November 2016 sought approval The purpose of this document is to Work in developing the post Framework for Change document from the membership to push out provide our NgāiTakoto member’s The NgāiTakoto Asset document and settlement structure has continued and discussion guide to the Post ratification to November 2017 to with the details and specific the 2016 organisational review; Our to be very challenging plus legally Settlement Governance Entity get the finalities bedded down fully, information about: NgāiTakoto Journey (Reviewing our technical in nature, and our work (printed 2014) These entities will before we go to a final ratification past 20 year plan 1997- 2016) has yet continues with specialist advisors to be progressed alongside the work of the total NgāiTakoto Settlement 1. The NgāiTakoto land Claim to be received by our membership in ensure we progress the development being done to align the intended Structure. Settlement Assets Australia due to costs and other work of the structure framework of the Management Agreement between 2. Identifying the Te Runanga O demands which did not see us do any proposed PSGE to make sure that NgāiTakoto (Runanga) Governance Again this timeframe has not been NgāiTakoto (PSGE) management roadshows in Australia in 2017. This it meets the needs of its intended and NgāiTakoto (Pioke) Corporate, achieved due to the outstanding details and operating structures matter will be addressed in 2018, purposes. and how we “Future Proof the matters identified above and in some that will be in place for owning / with planned visits. NgāiTakoto Iwi” into a 20/40 Plan. instances the progress on achieving managing each of these assets Its critical that we get the PSGE set completion of some post settlement individually, and collectively up and functioning properly, the The timeframe for achieving a negotiation matters has stalled. It 3. Total overview of our Lands, asset base is of a substantial nature ratification of the PSGE in 2016 was is intended to seek support from Commercial Properties and that requires competent business not possible given the amount of the NgāiTakoto membership for financial settlement Investment and financial oversight and sound current, ongoing, and future work ratification to be completed by 30 Portfolio management, whilst delivering requirements around building future June 2018 and implementation of the returns and benefits to our NgāiTakoto NgāiTakoto capacity and capability, new structure as of 01 July 2018. people. (Shareholder’s) ongoing transitioning of assets (land

8 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 9 Future Proofing the NgāiTakoto Iwi

WORK TASK 3 WORK TASK 4 Vision and Operations Purpose

Within the structure of the PSGE Continue to maintain our refine and clarify our scope of Administration, Management business, vision and purpose, and Operations, develop clear core values. Create an organisation governance roles and build people and develop capabilities that capacity internally and external reflect our people and place in Te to the business. Identify external Hiku, Aotearoa, the world. expertise and specialist roles.

This years key work tasks for 2017 to grow our NgāiTakoto people, our The most recent successful visit FUTURE PROOFING THE NGĀITAKOTO IWI 2040 STRATEGY. (WHERE DO The work of our Office Administration was about the beginning of engaging NgāiTakoto identity and the new involved NgāiTakoto Runanga WE SEE OURSELVES IN THE NEXT 20 YEARS?). / staff continues to be invaluable our young members in a succession opportunities that we have, both members travelling to visit Ngai Tahu given the multiple roles and strategy that underpins and drives the now, and into the future. business’s and farms in October, The development of the “Future Proofing the NgāiTakoto Iwi” 2040 strategy responsibilities that are required at 20/40 strategy of; “Future Proofing alongside of several other Iwi, hapu has throughout 2017 continued to be the priority work focus and driver of our any given time to progress through the NgāiTakoto Iwi” allowing them to Our Runanga Trustees, and youth and Maori trusts from Northland as a organisations operational goals (amongst a number of other work requirements, the post settlement process and the participate in shaping the NgāiTakoto met around the boardroom table on part of our Te Hiku / Taitokerau Farming and this work will carry over into 2018. required work activities that come future and how the vehicle for change the 27-27 May 2017 and then visited strategy. The opportunities that come with post settlement legislation, and (PSGE) might best serve to help get various sites across the NgāiTakoto from building strategic alliances with Identified Priorities: supporting Iwi activities, them there. rohe looking at prioritising our future primary sector enterprises, has led Completion of the PSGE – ratification 2018. potential opportunities to create to some significant joint venture / 1. NgāiTakoto Runanga Office It also continues to prompt thought as work for our people in primary partnership business proposals in the Identified potential Business Opportunities: Upgrade: - Office Painting, to what their future role and input is, industries. These key areas have areas of farming, forestry, honey, and Farming, Tourism, Horticulture, and Marae and member development. updating of office furniture, office in the future direction and leadership been identifies as: Tourism; (90 horticulture for NgāiTakoto. These signage and branding (interior – of NgāiTakoto, and what that should Mile Beach Park) Kaimaumau; (peat will be further explored in 2018 as Strategic Direction: exterior), whilst also improving the look like. Initiatives to progress extraction, horticulture, swamp potential business ventures that align Future Proofing the NgāiTakoto Iwi Strategy, 2040. office work-place environments this strategy (Te ohonga, i taku kauri), Sweetwater Farm; (beef unit, themselves to the “Future Proofing for staff. moemoea, ko te puawaitanga o te horticulture, swamp kauri). the NgāiTakoto Iwi, 2040” Strategy. 2. The Runanga’s administration staff whakaaro… Turning Dreams into continues to provide support to Reality) and to continue growing our The Runanga has further supported projects such as: Dune Lakes, people and our opportunities will be attendance at various conferences Awanui Primary School, Waiharara a key focus in 2018, and beyond. related to honey, farming and Primary school, Rangaunu forestry, throughout 2017 whilst I Kohanga Reo and our NgāiTakoto GROWING THE CAPACITY AND have attended various field visits marae renovations. CAPABILITY OF OUR PEOPLE around the country to Gisborne, 3. The Runanga is also undergoing We provided opportunities for our Raglan, South Auckland, Australia upgrades to our Information future leaders this year in 2017 with with potential future business and Technology systems & their a four day conference in Ngai Tahu partners that have indicated support capacity, and in the provision of in March (March 14-17) Unleashing for building a working business developing an overall IT system. the Maui Potential which focused relationship, alongside that of our (Panther Technology & Fuji Xerox) on growing future leaders Post NgāiTakoto Iwi. Treaty Settlement. There is a need

10 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 11 BANK OF NEW ZEALAND TREATY SETTLEMENT ACCOUNTS UPDATE Period 2017 BANK OF NEW ZEALAND TREATY SETTLEMENT ACCOUNTS UPDATE Period 2017

FINANCIAL SUMMARY – NARRATIVE

1. TOTAL EXPENSES 01 July 2016 to 30 June 2017 - XERO 3. ACCOUNT BALANCES ANZ / BNZ as at 30 June 2017

Operating Expenses 443,172.00 ANZ Administration 183,768.00 General Account (00) 233,028.18 Communications 42,849.00 OTS Account (01) 24,381.65 Governance 73,863.00 CFRT Account (02) -8.74 Negotiations 71,197.00 SAF Account (03) 199,625.58 Project Mgnt 147,368.00 Merchandise Account (29) 6,689.40

TOTAL $962,217.00 BNZ Private Account 160,794.84 Kauri Logging 98,049.84 Te Make Farms Ltd 0.00 2. BUDGET VS ACTUALS – VARIANCES 01 July 2016 to 30 June 2017 - XERO

BUDGET ACTUALS VARIANCE July 74,460.00 80,245.00 -5,785.00 4. ACCOUNT BALANCES ANZ / BNZ as at 12 Dec 2017 August 91,560.00 49,828.00 41,732.00 Fonterra Shareholder Fund 443,167.13 September 70,460.00 58,951.00 11,509.00 Investment Portfolio 9,717,596.36 October 74,460.00 282,739.00 -208,279.00 November 70,960.00 59,166.00 8,413.96 December 74,310.00 73,777.00 533.00 January 99,460.00 30,449.00 6,9011.00 February 100,010.00 43,781.00 56,229.00 March 70,260.00 51,511.00 18,749.00 April 78,510.00 106,384.00 -27,874.00 May 87,510.00 57,846.00 29,664.00 June 74,310.00 67,540.00 6,770.00

FINACIAL YEAR TOTAL: 966,270.00 962,217.00 4,053.00

YTD includes $307,977.00 spend outside of TRONT Budget TOTAL SPEND: $654,240.00 SURPLUS: $312,030.00

12 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 13 BANK OF NEW ZEALAND TREATY SETTLEMENT ACCOUNTS UPDATE Period: 2017 NGĀITAKOTO TRUST PORTFOLIO PERFORMANCE & VALUATION REPORTS As at 1 Oct 2017 Page 1 $0 $0 $0 $0 $0 $0 $918 $772 -$161 0.77% 0.76% $1,260 -$3,437 $75,032 $75,681 $9,902,773 $9,827,740 ied may noiedlonger may currentbe datethe at as on which this document is prepared. ateon whichinformationthe wassupplied and the date whichon this document is ycompleteness or is given except and, for any applicable law whichcannot be on whether omitted or made by Bank of New Zealand or any third party. party. third any or Zealand New of Bank by made or omitted whether on Rebates Change in Accrued Interest Fees Capital In Capital Out Securities In Securities Out Realised Gain / Loss Unrealised Gain / Loss Gross Interest Gross Dividends Tax Net Total Gain / Loss Return Before Tax and After Fees Return After Tax and Fees Opening Portfolio Value as at 1 Oct 2017 (NZD) Portfolio Value as at 11 Oct 2017 (NZD) Thisdocument contains recommendations, opinions and informationother supplied third parties. by of the information Some suppl Inparticular, unit prices andholdings behind calculated the values referredthe into document have changedmay between the d prepared.Whilst caredue been has exercised in thepreparation this document, of warrantyno currency,of accuracy, reliabilit excludedand all provisions which lawby cannot be excluded, noresponsibility liabilityor acceptedis forany error omissi or Performance Summary - Te Runanga O NgaiTakoto Trust From 1 Oct 2017 to 11 Client Advisor: Kevin McLean Client Code: BNZ479455 Exchange rates used in this valuation:AUD 0.9104 Printed On Wednesday 11 Oct, 2017 07:28:49

14 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 15 NGĀITAKOTO TRUST PORTFOLIO PERFORMANCE & VALUATION REPORTS As at 1 Oct 2017 NGĀITAKOTO TRUST PORTFOLIO PERFORMANCE & VALUATION REPORTS As at 1 Oct 2017

Page 12 Page 5

0 2

35%

International Equities 0

0 2 1,148

718,503 682,700 717,356 436,330 436,330

9,902,773 28 2,693,314 6,054,625 2,010,614 2,132,882 3,921,743

NZD Value 0 Equity Portfolio 2

65%

0 2

Australasian Equities

0 2 %

0.2% 25

25.3% 0 99.8% 74.7% 35.2% 64.8%

100.0% 2

NZD 0 AUD 2

Sub-Class

0 Other 2 ied may noiedlonger may currentbe datethe at as on which this document is prepared. ied may noiedlonger may currentbe datethe at as on which this document is prepared. ateon whichinformationthe wassupplied and the date whichon this document is ateon whichinformationthe wassupplied and the date whichon this document is Annual Schedule of Fixed Interest Maturities ($) NZ Fixed Interest

ycompleteness or is given except and, for any applicable law whichcannot be

21 party. third any or Zealand New of Bank by made or omitted whether on

on whether omitted or made by Bank of New Zealand or any third party. party. third any or Zealand New of Bank by made or omitted whether on 0 International Equities Australasian Equities 2 Alternative Investments Interest

International Fixed Interest

0 2 Portfolio Allocations ($M)

Cash Equity Fixed

0 % 2 0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 80,000 60,000 40,000 20,000 200,000 180,000 160,000 140,000 120,000 100,000 Total 100.0% Cash 7.3% Asset Other 4.4% Equities 61.1% Fixed Interest 27.2% Other 62% Fixed Interest 7% 4% - Actual Equity Portfolio Allocations Q1 Q2 Q3 Q4 27% Maturities - Year Ahead ($) Thisdocument contains recommendations, opinions and informationother supplied third parties. by of the information Some suppl Inparticular, unit prices andholdings behind calculated the values referredthe into document have changedmay between the d prepared.Whilst caredue been has exercised in thepreparation this document, of warrantyno currency,of accuracy, reliabilit excludedand all provisions which lawby cannot be excluded, noresponsibility liabilityor acceptedis forany error omissi or Thisdocument contains recommendations, opinions and informationother supplied third parties. by of the information Some suppl Inparticular, unit prices andholdings behind calculated the values referredthe into document have changedmay between the d prepared.Whilst caredue been has exercised in thepreparation this document, of warrantyno currency,of accuracy, reliabilit excludedand all provisions which lawby cannot be excluded, noresponsibility liabilityor acceptedis forany error omissi or 0 Quarterly Schedule of Fixed Interest Cash 80,000 60,000 40,000 20,000 140,000 120,000 100,000 Graphical Summary - Te Runanga O NgaiTakoto Trust Summary - Te Runanga O NgaiTakoto Trust Portfolio Valued at: Wednesday 11 Oct, 2017 Client Advisor: Kevin McLean Client Code: BNZ479455

Portfolio Valued at: Wednesday 11 Oct, 2017 Client Advisor: Kevin McLean Client Code: BNZ479455 Exchange rates used in this valuation:AUD 0.9104 Printed On Wednesday 11 Oct, 2017 07:28:49

16 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 17 NGĀITAKOTO TRUST -FONTERRA SH FUND VALUATION As at 1 Oct 2017 NGĀITAKOTO TRUST -FONTERRA SH FUND VALUATION As at 1 Oct 2017 Page 3 -813 Total FX Page 2 17,854 18,667 Gain / Loss Impact Gross Return ¹Unlisted Portfolio Investment Entity (PIE). Return 216,153 207,071 423,224 216,153 207,071 NZD Value Gross Rebates Capital Income % 100.0% 100.0% Value Closing NZD Sub-Class 0 0 15,251 182 0 0.0% 2.4% 182 0.0% ied may noiedlonger may currentbe datethe at as on which this document is prepared. ateon whichinformationthe wassupplied and the date whichon this document is ied may noiedlonger may currentbe date the at as on which this document is prepared. ycompleteness or is given except and, for any applicable law whichcannot be ateon whichinformationthe wassupplied and the date whichon this document is on whether omitted or made by Bank of New Zealand or any third party. party. third any or Zealand New of Bank by made or omitted whether on Australasian Equities ycompleteness or is given except and, for any applicable law whichcannot be on whether omitted or made by Bank of New Zealand or any third party. party. third any or Zealand New of Bank by made or omitted whether on -813 11,686 / Sales Gain Gain Interest 405,370 Purchases Realised Unrealised Chg Acc. % 0 200,019 1 882 0 200,903 4,510 260 0.4% 2.9% 5,653 0.0% 00 15,251 215,270 0 1 8820 416,242 0 216,153 1 4,692 6,980 260 0 0.4% 423,224 2.8% 11,426 5,835 260 00 200,972 200,972 0 0 6,098 6,098 0 0 207,071 207,071 6,734 6,734 0 0 3.0% 3.0% 6.5% 6.5% 12,832 12,832 0.0% Value Opening Total 100.0% Cash 51.1% Asset Equities 48.9% Thisdocument contains recommendations, opinions and informationother supplied third parties. by of the information Some suppl Inparticular, unit prices andholdings behind calculated the values referredthe into document have changedmay between the d prepared.Whilst caredue been has exercised in thepreparation this document, of warrantyno currency,of accuracy, reliabilit excludedand all provisions which lawby cannot be excluded, noresponsibility liabilityor acceptedis forany error omissi or Thisdocument contains recommendations, opinions and informationother supplied third parties. by of the information Some suppl Inparticular, unit prices andholdings behind calculated the values referredthe into document have changedmay between the d prepared.Whilst caredue been has exercised in thepreparation this document, of warrantyno currency,of accuracy, reliabilit excludedand all provisions which lawby cannot be excluded, noresponsibility liabilityor acceptedis forany error omissi or Reconcile Total as Per Summary NIKKO AM NZ CASH FUND¹ NZD CASH Totals for NZ Cash (NZD) FONTERRA SHAREHOLDERS FUND Totals for Australasian Equities (NZD) Grand Total (NZD) Gross Income, Rebates Fees, Taxes Summary - Te Runanga O NgaiTakoto Trust Performance By Asset - Te Runanga O NgaiTakoto Trust

Portfolio Valued at: Thursday 12 Oct, 2017 Client Advisor: Kevin McLean Client Code: BNZ479455-002 NZ Cash From 10 Oct 2016 to 12 2017 Client Advisor: Kevin McLean Client Code: BNZ479455-002 Australasian Equities Exchange rates used in this valuation:None Printed On Thursday 12 Oct, 2017 10:50:40 Exchange rates used in this valuation:None Printed On Thursday 12 Oct, 2017 10:50:46

18 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 19 Te Runanga O NgaiTakoto Communications Strategy Summary Document 2014

WORK TASK 5 Communications Strategy WORK TASK 6 2014 & beyond Communications Beneficiaries / We know that critical to the success of NgāiTakoto is an effective communication strategy. This has been Marae strengthened and improved upon over the settlement process years and we want to keep up that momentum, and inclusion, over the next three years, and beyond.

Our intention is to present a confident Continue to improve our and clear understanding of ourselves, Continue to increase our Marae our history and cultural footprint and our Communications to effectively vision; but most importantly beneficiary registrations, partici communicate a clear structure of the engage and inform our people so PSGE and your understanding of how pation and decision-making. they are inclusive in our shared (as members) you are all shareholders of the Runanga, and therefore of key vision and ongoing development. relevant to the Iwi’s future. Develop individual Marae vision,

Identified as Work Task 5 (in the Te Ara project plans & budgets. Create a NGĀITAKOTO Hapara Business Plan) the Objective of model that supports their growth the Communications strategy is to COMMUNICATIONS STRATEGY provide a clear and structured way to and membership knowledge. Our Communications Strategy inform, engage and involve stakeholders with a view to increasing awareness, remains in place to Inform, Educate understanding, and commitment NGĀITAKOTO FESTIVAL 2017 throughout the post settlement and Include our members in the governance transition period, 2013-2016 (Featured November Panui, 2017) Runanga operations and business, and beyond. On the 22-24th December 2017, in particular, key decision area’s By the end of the three-year period, NgāiTakoto will be celebrating its fifth November 2016 we will seek to have a that require member feedback and final ratification process that will endorse NgāiTakoto Festival at Lake Ngatu. participation. the proposed PSGE framework, and we want to use every opportunity to engage with our membership in achieving that We have moved the Festival to outcome. We are still continuing to develop every two years giving whanau the Relationships, Publications and opportunity to plan and make the Events that support and achieve the event. Fundraising for the 2017 event objectives above underpinned by a continued to be added over time. NgāiTakoto membership registration is already underway with NgāiTakoto communication plan that means more We are presently working with our numbers are presently at 2,321 Australia and we are looking forward regular communication updates, and new IT provider Panther Technology with an identified 414 members to welcoming home to NgāiTakoto member access to information. who are providing a better alignment needing to have their contact details a large contingent of youth to our BENEFICIARY EDUCATIONAL SCHOLARSHIPS: of our communication systems, updated. These are people who have Festival. Te Runanga O NgāiTakoto still paperwork is available from the PANUI we are also working with Fuji Xerox registered in the past but appear to offers (seven) Core specific Board Runanga office or online through the There had been a decision to who are introducing an archival and have moved from their last known MEMBERSHIP ROADSHOWS – Scholarships and we still encourage NgāiTakoto website. create one single NgāiTakoto Panui document sharing application which address and so information’s sent 2017 all interested students to have that populates both NgāiTakoto will allow better for efficiency in the to them are being returned. Those There were no membership a conversation with staff at the Australia and NgāiTakoto stories and areas of document storage / filing and names have been forwarded to the roadshows conducted in 2017. The Runanga office around the availability www.NgāiTakotoiwi.co.nz information’s, so that our people see information transfer across the whole Marae representatives for follow up focus of work for 2017 was bedding of scholarships. or contact the NgāiTakoto activities occurring of the PSGE organisation. to locate and update those members down the finer details of post Treaty admin@NgāiTakotoiwi.co.nz on both sides of the Tasman, in contact details. Settlement Agreements with the Criteria does require applicants to or call toll-free one place. We have sent out only Our NgāiTakoto Website, visit: Crown, local government (councils) complete study exams and report 0508 TAKOTO one panui this year, and this was in www.NgāiTakotoiwi.co.nz is currently It is important for members to please and other Te Hiku Iwi. There is still back to the Runanga. Scholarships November 2017. undergoing a website upgrade by keep the Runanga updated (via the a substantial amount of work to be are about developing capability and Energise Web so is presently not fully office or online) with any changes done and it was proposed that we capacity of the iwi members and staff IT / WEBSITE operational. to contact addresses or phone delay any future roadshows to save on are available to support this process. Our website upgrade is continuing numbers, so member information costs, and to coincide with reporting If your area of study falls outside the and further technology upgrades MEMBERSHIP DATABASE and communications that we send back to members on actual outcomes Tupuna scholarships, we still invite to enhance the system and make This remains an ongoing process for out are actually reaching our people, and results. These Roadshows will members to discuss scholarship communication and information gathering member registrations and and or, our NgāiTakoto people are take place in 2018. opportunities with staff. Scholarship access more accessible, will be identifying our membership numbers. able to fully communicate with us.

20 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 21 TE RUNANGA O NGĀITAKOTO NGĀITAKOTO COLLECTIVE • Discounted Accommodation – BOARD SCHOLARSHIP MEMBERSHIP BENEFITS Waipapakauri Beach Park APPLICATIONS AWARDED PROPOSAL • Business Discount Card, BNZ WORK TASK 7 THIS YEAR FOR 2017 The following proposed member’s loans, Beaurepairs etc Environmental WERE MADE AVAILABLE benefits are currently being scoped TO THE FOLLOWING and explored and it is our intention APPLICANTS: (subject to budget affordability) to SPONSORSHIPS: these being made available to our Limited sponsorships have been whanau registered with Te Runanga o given out for the period 2017. It was • Blake Johnson NgāiTakoto. agreed that we would focus on our Bachelor’s Law & Art, settlement priorities and reducing Waikato University Develop an environmental vision, These include: “outside expenditure” from the Education, Information, Advocacy New Baby Kete – initial Start Up Runanga operations, our focus will strategy and works programme to • Kimberleigh Murray Support (Parents) remain on progressing NgāiTakoto support, protect and sustain our Recreation and Tourism Pursuit of Matauranga Maori, $$ worth of new baby essentials from interests, as a key priority. environmental assets, land and Walter Erstich Baby Factory. – (In development) cultural environments. Infrastructure Grants however may continue to be Renewable Energy and Conservation • Kayley Taylor Kohanga Start – New Entrance made to relevant NgāiTakoto projects NGĀITAKOTO ENVIRONMENTAL Bachelor Law and Art, Branded NgāiTakoto back pack, where warranted, on a case-by-case PLAN Mining, Quarry, Oil and Minerals Otago University stationary, and lunch box for our pre- basis. schoolers. – (Available) Natural Hazards • Hiritia Marsden Board Grants however may continue Sacred Site of Significance Health and Fitness Certificate, Kura Pack – Stepping Up to be made to relevant NgāiTakoto Auckland Off to school pack containing projects where warranted, on a case- Customary Activities NgāiTakoto branded school bag, by-case basis. (Marae etc) • Sharon Murray stationary, lunch box for all tamariki Natural Heritage and Biosecurity Bachelor Health & Sciences, starting off to school. – (Available) The rebuild / refurbishment Marae Coastal and Marine Environment Te Wananga O Awanuiarangi project at Kaimaumau is progressing, Kuia/Kaumatua Assistance with the toilet block rebuild close to Wetlands • Rosalie Gillies Financial assistance/ subsidies for completion, and the refurbishment of Bachelor Maori & Nursing, kaumatua and kuia who need glasses, the main building almost complete, Oxygen, Air and Wind Te Wananga O Awanuiarangi hearing aids, or medical alerts. – many thanks to the Dune Lakes (Apply to Runanga) workers and NorthTec trades training Fresh Water course for their ongoing labour, and Our NgāiTakoto Environmental • Rebecca Gilchrist The Land Papakainga, Land Use Planning, Right of First Refusal on Crown Lands Tangihanga Support – Reducing support. Strategic Plan is now finally Bachelor Science & Anatomy, completed. It is a substantial amount Otago University Costs Koha to support Tangihanga for our Discussions are being had with other of work that outlines the position NgāiTakoto Marae committee’s about of NgāiTakoto in regards to our In regards to environmental projects taking place within our rohe, the Runanga • Hinerangi Erstich registered NgāiTakoto whanau who their specific marae need’s, (albeit environments, the management is still actively involved in the following projects: Bachelor Social Sciences, return to our NgāiTakoto Marae. slowly), however there is progress of such (Kaitiakitanga) and the Waikato University Koha contributes to Marae costs. – (Available via application to Runanga) being made in those areas as we also process by which engagement with 1. Our Land and Water Challenge (SCION) Environmental Sustainability progress the x4 Marae involvement, NgāiTakoto is to take place. • Jade Newton 2. Motutangi Drainage Project and Aupouri Aquifer Working Group OTHER PROPOSAL / IDEAS and engagement, into the formation Masters Law, 3. Water bore Monitoring – Sweetwater Farms – Aupouri Aquifier INCLUDE: of the NgāiTakoto Charitable Trust The document will have relevance Auckland University • Marae / Annual Christmas Dinner. (distribution entity). The name for to Councils, other Iwi, Central 4. Lake Ngatu Restoration Project (Mahimaru 25th December 2017) the trust, is to be, Whanau Manaaki Government, Developers and others, • Installation of Bollards to prevent Vehicle and Boat access into lake Ngatu. • Drivers Licence – Reimbursements Trust. seeking to undertake activities or • Tree Planting. • Children / Savings scheme (BNZ) actions that have an impact within • Addressing drainage issues / Water quality – Lake Ngatu. or on our NgāiTakoto environments, • Free Camping – Rarawa Beach – 5. Dune - Lakes Restoration Project, NgāiTakoto Lakes – Skills & Training Tapotapota the document includes detailed Applications - Policy and Plan leading to employment pathways, project. Direction, for the following areas:

22 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 23 SWEETWATER FARM: LANDCORP, NGĀITAKOTO, AND TE RARAWA JOINT VENTURE FARMING PROPOSAL. DRONE WORK TASK 8 As from last report, throughout The Runanga has purchased a drone Relationship 2017 the Runanga has progressed and camera unit for land mapping the Sweetwater / Landcorp Farms and surveying of NgāiTakoto estate. Alliances joint venture (Te Rarawa and TE HIKU / TAITOKERAU MAORI With that we have our own equipment NgāiTakoto). Progress is continuing, FORESTRY STRATEGY: and are able to better record, digitise with NgāiTakoto discussions as to the Substantial work has been completed and make decisions based on future of the farm as a joint venture to increase the forestry lands accurate geographic maps and land business, and the future of the available to collective, of another information. A number of staff have farming relationship with NgāiTakoto. potential 20,000 ha – Te Hiku. completed training to the required Develop and strengthen the Bringing the total Taitokerau strategy aviation standards required, in order Discussions are also been had about structure and working relation area to approximately 53,000ha. to fly our drone. the development of a Te Hiku / World Wetlands Day ships with collective Iwi The new governments strategy to Taitokerau Red Meat Strategy (Beef organisations, co-governance planting more tree’s and to create WORLD WETLANDS DAY, / Sheep) to compliment the dairy arrangements and within the employment (across northland) is ARBOR DAY, platform that currently operates wider political, regulatory and where the strategy has the potential PIPIWHARAUROA HIKOI on the farm and whether that is a social-economic environment. to link into and deliver upon the This year we hosted a number of key future sole business opportunity for governments promises to grow the events at Lake Ngatu, bringing the NgāiTakoto utilising dairy Unit 2. northland forestry economy. This is community, schools, DOC, Bushlands 2017 has seen the start of some foundation partnerships with primary further supported by our Minister for Trust and our kuia and kaumatua to The future of the farms potential is industry sectors, Government Economic Development, being Shane celebrate and raise awareness for enormous, however its been agreed departments and NgāiTakoto. Jones. environmental projects. NgāiTakoto that the future strategy of farming takes a lead role in these events as is only one aspect of an opportunity These relationships will be bedded TE HIKU / TAITOKERAU RED mana whenua to the lake. for NgāiTakoto, as the diversification down and further progressed over the MEAT STRATEGY of our land and business asset next 12 months into 2018. (Beef / Lamb) is presently growing • World Wetlands Day - Science portfolio’s and potential business in farm numbers willing to join the and fun outside the classroom opportunities are quite diverse, and These relationships are a key project, there is a partnership / with four schools and 80 students we need to consider how we bring all component of the “Future Proofing relationship with PGG Wrightson’s to from Te Hiku in March (DoC, of that into one business area and the NgāiTakoto iwi" strategy and work with the farms in developing a Bushlands Trust, Enviro Schools, plan for NgāiTakoto. Black Angus Beef Brand. The project Experiencing Marine Reserves) will be developed further in our 2040 Arbor Day strategic plan. 2018 will be a catalyst is also supported by the Ministry for “Future Proofing the NgāiTakoto for securing long-term relationships Primary industries, who has funded a • Arbor Day - 1,500 trees were Iwi” and our people and the 20/40 and partnerships, that align with our role of a project Manager for the next planted around Lake Ngatu by strategic plan is where the merging strategic objectives and NgāiTakoto 2 years. Recently Te Uri o Hau and Te school students and community and consideration of those future iwi goals. Roroa two Kaipara settlement groups in a beautification programme but opportunities will occur. There have joined the strategy as well. more significantly to encourage will be a review of the joint venture Below we summarise progress across water quality and a reduction in relationship with Landcorp in 2017. MEKERENE FARM (KAIMAUMAU) vehicles accessing the lake, the 2018, with the farm management The Runanga is continuing to participant partners were DoC, agreement expiring in 2020. “explore” land use options for the Bushlands Trust, Enviro Schools, Mekerene Farm. The potential Experiencing Marine Reserves. opportunities centre around peat extraction, swamp kauri extraction, • Pipiwharauroa Hikoi - Kaumatua avocado’s and honey. / Kuia, were invited along with schools to hikoi around the Lake Discussions over the period 2017 are followed by a BBQ to welcome continuing to be had with various in the spring. This is an ongoing parties who are interested in scoping relationship between NgāiTakoto, for the Runanga, opportunities that Healthy Homes & the Department Pipiwharauroa Hikoi of Conservation

24 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 25 IWI LEADERS: TE KUPENGA O TE HIKU O TE IKA. Initially known as the Te Hiku Forum, the new group structure (Te Kupenga O Te Hiku O Te Ika) comprises the Chairperson, CEO, and Asset Managers of each of the Iwi who will meet on a regular basis to work towards building collaboration and better working / Business relationships between our respective Iwi.

Work to progress to a formally Resin Wax Trial Plant, Kaitaia Peat examination - Kaitaia Plant agreed arrangement of the structure and how it will operate was to be ratified by each Iwi, followed by the appointment of a General Manager, the land could be used for, these immense value not only in our for Primary Industries to link this 90 MILE HOLIDAY BEACH PARK collective has been focused on the by November 2016. include: proposal for business ventures, but NgāiTakoto initiative into a catalyst This property (land & buildings) is realignment to the new overarching • Avocado Orchard also our environmental plans that for developing horticulture through owned by NgāiTakoto. The current Te Kupenga Leadership structure. An alignment of: Economic • Honey, (Hive placement and will support enhancing the significant out the whole Te Hiku region. intention for the Beach Park future Again components of this entity Development, Environmental Manuka planting) – Ian Broadhurst wetlands and lake on the farm. is to allow the business to continue need further development and Management, Culture and Heritage, (Kings Honey) MPI have funded an initial Water to operate in its current form, further alignment to social change Social Accord, Communications, • Peat extraction (Resin / Wax), - The resource consent application Bore Application process for the whilst we explore a NgāiTakoto programmes occurring in Te Hiku. was to have been managed out of John Cunningham Resin Wax Ltd for the peat extraction process Kaimaumau area (Opus) and an tourism strategy, potential business Further work is also being done this leadership structure however in • OPUS Water Project (Completed) was lodged in November and aims avocado / berries / crop study report expansion, and future opportunities to bring the role of the Te Hiku recent times the forum has ceased • OPUS – land use Horticulture to progress the first stages. A trial as well. The horticulture report for our NgāiTakoto people. Development Trust and Te Kupenga to operate as originally planned and study. processing plant been established in results are very promising and will into better alignment. is presently under a review as to Kaitaia to test equipment and peat form the basis of future decision Work Task to-date: whether its role in leading to Hiku BEEHIVE PLACEMENTS extraction in a ‘mini-plant’ extraction making in regards to our horticulture NGĀITAKOTO IWI / MAORI is possible. NgāiTakoto whom are Beehive placements onto the scenario, over the next coming year. opportunities and potential • Developing a NgāiTakoto Tourism ECONOMIC DEVELOPMENT supportive of the structure, will be land have been agreed to with Ian investment. Strategy. Connecting that strategy The bigger picture economic reviewing its investment into that Broadhurst for 2017 and he will also KAURI LOG EXTRACTION into our assets. Farms, forest, opportunities are ongoing and are area. continue to take responsibility and • Potential to extract further harbors, lakes and connecting continuing to be progressed within bear the costs of maintaining access logs on the Sweetwater farm to to the wider Te Hiku / Taitokerau the individual local (Te Hiku) and NATIONAL IWI CHAIRS FORUM / track clearing for hive placements, supplement Iwi income. Tourism strategy. regional Iwi collective (Taitokerau) NgāiTakoto continues to be with an agreed to rental for NgāiTakoto • Kauri log extraction may also • Consideration for ownership / space, for developing and growing represented in this forum who meet @$65.00 per hive. be a product of the Resin Wax purchase of the 90 Mile Beach the Maori economy and building on a quarterly basis to discuss opportunity at Kaimaumau. Park business from the current economic scale of our key primary matters of national importance to Iwi RESIN WAX owners. industries and their potential within / Maori. Current national topics at this Resin Wax Ltd are still conducting NGĀITAKOTO - • Grow the 90 Mile Beach Park as Northland, with a long term Maori time still continue to be: Trade and soil sampling for testing in NZ and HORTICULTURE PROJECT the centre hub of our NgāiTakoto strategic plan focus. Economic growth, Climate change, overseas, re product quality and The Runanga has opportunity for tourism strategy. Projects currently in action; Water rights, Modernisation of CYFS. viability. NgāiTakoto to lead out a NgāiTakoto • Farming – Dairy / Red Meat / Te Hiku Horticulture strategy, NGĀITAKOTO IWI, TE HIKU IWI (Beef / Sheep) Collective, The Runanga met with Resin Wax Ltd identifying crops, honey, avocado, DEVELOPMENT TRUST (THIDT) Te Hiku / Taitokerau wide. and Northland Regional Council in berries etc. It is a component of • Horticulture Strategy July 2017 to progress the resource our Future Proofing the NgāiTakoto This entity was charged with NgāiTakoto / Te Hiku / consent application required for Strategy, to assess for development, Kaimaumau Orchard progressing with the Te Hiku Social Taitokerau wide. peat extraction. The council were our under utilised land blocks. Feasibility Study Accord, in progressing a number of • Taitokerau Maori Collective considerate and favorable to the Summary Report Prepared for Te Rūnanga O NgaiTakoto projects in the Education / Safety Forestry Strategy. NgāiTakoto / Resin Wax overall Supportive funding IN 2017 had Opus International Consultants and Respect (Justice) and Economic • Te Hiku / Taitokerau strategy for the area, and see been provided for from the Ministry Development areas as the iwi Tourism Strategy.

26 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 27 OUR WHANAU, OUR MAHI

Jason Clarke, Awanui Church with Dune Lakes Project Environmental - Dune Lakes Project Karikari Gum Digger Park Site Visit

Awanui Church - Dune Lakes Project He iti Pioke no Rangaunu Gum Digger Park Site Visit

Sweetwater Farms visit Kaharau Pou, Dune Lakes Project World Wetlands Day Kauri Log root, Gum Diggers Park Visit Akinihi Smith's 80th at Waimanoni Marae

28 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 29 Monthly work plan 2017

TASKS WORK STREAM PROGRESS Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing TRONT Office reopens 4. Operations Completed Land Use project - TPK 8. Alliances Progressing 01 New Year Staff planning meeting 4. Operations Completed Sweetwater Farm Strategy 8. Alliances Commenced JANUARY Environmental Plan final Stage 2 draft 7. Environmental Progressing Ag Research Meeting (Landuse Assessment/ Building Capability) 8. Alliances Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing Resin Wax Project 8. Alliances Progressing Sweetwater Farm Strategy 8. Alliances Progressing Kauri Logging Business Proposal 8. Alliances Commenced Ag Research Meeting Trees for Bee's Project / concept 8. Alliances Commenced (Land Assessment/ Building Capability) 8. Alliances Progressing Resin Wax Project 8. Alliances Commenced Future Proofing the NgāiTakoto Iwi Strategy 2. PSGE Commenced TASKS WORK STREAM PROGRESS Lease Agreements/arrangements Panui - #1 for 2017 5. Communications Deferred complete with TRONT tenants 4. Operations Progressing 03 Ongoing Settlement tasks/transfers with Crown 1. Crown Progressing Te Hiku Water project - MPI 8. Alliances Commenced MARCH World Wetlands Day - Lake Ngatu (Event) 7. Environmental Deferred NgāiTakoto Festival Planning 6. Beneficiaries/Marae Commenced TRONT Staff Meeting (possible change date as WWD) 4. Operations Completed TASKS WORK STREAM PROGRESS Qtr 3 - TRONT Board Meeting 2. PSGE Deferred Draft Pioke Corporate Management Agreement 2. PSGE Progressing Ongoing Settlement tasks/transfer with Crown 1. Crown Progressing 02 SCION Hui 8. Alliances Completed FEBRUARY Proof Environmental plan for print 7. Environmental Progressing Future Proofing the Iwi Strategy 2. PSGE Progressing World Wetlands Day (Planning) 7. Environmental Commenced Trial Member Benefits Package (local first) 6. Beneficiaries/Marae Commenced TRONT Staff Meeting 4. Operations Completed NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing Progress Beach Park future plans 4. Operations Progressing Work with Trustees and Marae planning 6. Beneficiaries/Marae Progressing Identify Drone Mapping Projects 7. Environmental Progressing Progress Beach park future plans 4. Operations Progressing Ngatu Aeronautics - IT Provider Review 4. Operations Completed small business case developmment 7. Environmental Commenced Maui Rau Leadership hui (15,16,17) (NgaiTahu) 3. Vision Completed Dune Lakes Wetlands Project (incl Lake Ngatu Restoration) 7. Environmental Progressing Australian Roadshow - Review the past/ Future Proofing the Iwi 5. Communications Deferred Conservation Board Meeting 7. Environmental Deferred Ngatu Aeronautics - NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing small business case developmment 7. Environmental Commenced Budgets - Investment Review, Environmental Plan Print 7. Environmental Progressing Australian Funds, Historical accounts 2. PSGE Commenced Identify Drone Mapping Projects 7. Environmental Progressing Draft Pioke Corporate Management Agreement 2. PSGE Deferred Customary Rights' Application due IT Provider Review 4. Operations Progressing (Fisheries Protocol) 1. Crown / Te Hiku Iwi Progressing Future Proofing the Iwi Strategy 2. PSGE Progressing TRONT Staff Meeting Australian Roadshow - (possible change date as WWD) 4. Operations Progressing Review the past/ Future Proofing the Iwi 5. Communications Deferred Te Hiku Water project - MPI 8. Alliances Progressing Lease Agreements/arrangements Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing complete with TRONT tenants 4. Operations Progressing Land Use project - TPK 8. Alliances Progressing Customary Rights' Application due (Fisheries Protocol) 1. Crown Progressing Sweetwater Farm Strategy 8. Alliances Progressing TRONT Staff Meeting 4. Operations Completed Tree's For Bee's Project / concept 8. Alliances Progressing Review Runanga Trust, Deed and Constitution 2. PSGE Deferred Ag Research Meeting (Landuse Assessment/ Building Capability) 8. Alliancess Progressing Te Hiku Water project - MPI 8. Alliances Progressing Resin Wax Project 8. Alliances Progressing

30 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 31 Kauri Logging Business Proposal 8. Alliances Progressing NgāiTakoto Environmental Plan Drafting 7. Environmental Deferred NgāiTakoto Environmental Plan Drafting 7. Environmental Progressing Te Hiku Water project - MPI 8. Alliances Progressing Dune Lakes Wetlands Project Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing (incl Lake Ngatu Restoration) 7. Environmental Progressing Land Use project - TPK 8. Alliances Progressing Budgets - Investment Review, Sweetwater Farm Strategy 8. Alliances Progressing Australian Funds, Historical accounts 2. PSGE Progressing Ag Research Meeting (Landuse Assessment/ Building Capability) 8. Alliances Progressing TASKS WORK STREAM PROGRESS NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing Resin Wax Project 8. Alliances Progressing Customary Rights' Application due 04 (Fisheries Protocol) 1. Crown / Te Hiku Iwi Completed Work with Trustees and Marae planning 6. Beneficiaries/Marae Progressing APRIL Distribute Environmental Plan 5. Communications Deferred TRONT Board Meeting X2 Day Planning 4. Operations Completed TRONT Staff Meeting 4. Operations Deferred IT Server and Network connect 4. Operations Progressing Whare Pioke - Paint & rennovate (over Easter w/e 14-18) 4. Operations Progressing CD or Digitisation of documents for Members 5. Communications Deferred IT Server and Network connect 4. Operations Deferred Dune Lakes Wetlands Project 7. Environmental Commenced Scholarship Open Date 6. Beneficiaries/Marae Progressing Future Proofing the Iwi Strategy 2. PSGE Progressing Trial Member Benefits Package (local first) 6. Beneficiaries/Marae Progressing Scholarship Open Date 6. Beneficiaries/Marae Progressing NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing Work with Trustees and Marae planning 6. Beneficiaries/Marae Progressing TASKS WORK STREAM PROGRESS Future Proofing the Iwi Strategy 2. PSGE Progressing Qtr 4 - TRONT Board Meeting 2. PSGE Deferred NgāiTakoto Environmental Plan Drafting 7. Environmental Deferred 06 Ongoing Settlement tasks/transfer with Crown 1. Crown Progressing Dune Lakes Wetlands Project JUNE (incl Lake Ngatu Restoration) 7. Environmental Progressing Merchandise & Online Shop 5. Communications Deferred Awanui River Strategy and Te Hiku Water project - MPI 8. Alliances Progressing Awanui Project 'Heart of the Shark' 7. Environmental Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing Te Hiku Water project - MPI 8. Alliances Progressing Land Use project - TPK 8. Alliances Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing Sweetwater Farm Strategy 8. Alliances Progressing Land Use project - TPK 8. Alliances Progressing Ag Research Meeting Sweetwater Farm Strategy 8. Alliances Progressing (Landuse Assessment/ Building Capability) 8. Alliances Completed Ag Research Meeting Resin Wax Project 8. Alliances Progressing (Landuse Assessment/ Building Capability) 8. Alliances Progressing NgāiTakoto Environmental Plan Drafting 7. Environmental Deferred Tree's for Bee's Project / Concept 8. Alliances Progressing Awanui River Strategy and Resin Wax Project 8. Alliances Progressing Awanui Project 'Heart of the Shark' 7. Environmental Progressing Kauri Logging Business Proposal 8. Alliances Progressing NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing Ongoing Settlement tasks/transfer with Crown 1. Crown Progressing Work with Trustees and Marae planning 6. Beneficiaries/Marae Progressing CD or Digitisation of documents for Members 5. Communications Deferred Review Charitable Trust Deed - Establish Marae in Distribution space 2. PSGE Progressing TRONT Staff Meeting 4. Operations Completed Dune Lakes Wetlands Project (incl Lake Ngatu Restoration) 7. Environmental Progressing TASKS WORK STREAM PROGRESS End of Financial Year Reports/Budgets 4. Operations Deferred TRONT Staff Meeting 4. Operations Completed Ongoing Settlement tasks/transfer with Crown 1. Crown/ Te Hiku Iwi Progressing 05 TRONT Staff Meeting 4. Operations Completed TRONT Staff Meeting 4. Operations Completed MAY Panui #2 2017 5. Communications Deferred TRONT Board Meeting 4. Operations Completed Future Proofing the Iwi Strategy 2. PSGE Progressing TRONT Staff Meeting 4. Operations Completed Scholarship Open Date 6. Beneficiaries/Marae Progressing Review Charitable Trust Deed - Establish Marae in Distribution space 2. PSGE Progressing CD or Digitisation of documents for Members 5. Communications Deferred Te Oneroa A Tohe Beach Board Discussions 1. Crown / Te Hiku Iwi Progressing Awanui River Strategy and Awanui Project 'Heart of the Shark' 7. Environmental Progressing

32 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 33 TASKS WORK STREAM PROGRESS TASKS WORK STREAM PROGRESS TRONT Staff Meeting 4. Operations Completed Qtr 1 - TRONT Board Meeting 2. PSGE Deferred 07 Ongoing Settlement tasks/transfer with Crown 1. Crown / Te Hiku Iwi Progressing 09 Panui #3 2017 5. Communications Deferred JULY SEPTEMBER Awanui River Strategy and Awanui River Strategy and Awanui Project 'Heart of the Shark' 7. Environmental Progressing Awanui Project 'Heart of the Shark' 7. Environmental Progressing NgāiTakoto Environmental Plan 7. Environmental Deferred TRONT Staff Meeting 4. Operations Completed Dune Lakes Wetlands Project 7. Environmental Progressing Ongoing Settlement tasks/transfer with Crown 1. Crown / Te Hiku Iwi Progressing Te Hiku Water project - MPI 8. Alliances Progressing NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing Resin Wax Project 8. Alliances Progressing Scholarship Open Date 6. Beneficiaries/Marae Commenced OPUS - Kaimaumau Assessments - Horticulture 8. Alliances Commenced Member Benefits packs - Red Meat Farming Strategy 8. Alliances Progressing Maraea Renovation Progaramme 6. Beneficiaries/Marae Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing Future Proofing the Iwi Strategy 2. PSGE Progressing Scholarship Open Date 6. Beneficiaries/Marae Commenced Ratification Strategy 2. PSGE Deferred Work with Trustees and Marae planning 6. Beneficiaries/Marae Progressing Te Hiku Water project - MPI 8. Alliances Progressing Sweetwater Farm Strategy 8. Alliances Progressing OPUS - Kaimaumau Assessments - Horticulture 8. Alliances Progressing NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing Red Meat Farming Strategy 8. Alliances Progressing Member Benefits Package - Sweetwater Farm Strategy 8. Alliances Progressing Marae Renovation Programmes 6. Beneficiaries/Marae Progressing NgāiTakoto Environmental Plan Drafting 7. Environmental Progressing Ratification Strategy 2. PSGE Deferred Dune Lakes Wetlands Project 7. Environmental Progressing Future Proofing the Iwi Strategy 2. PSGE Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing TRONT Staff Meeting 4. Operations Completed Resin Wax Project 8. Alliances Progressing Server - shared files development with TRONT Staff Meeting 4. Operations Completed new IT provider 4. Operations Progressing FY2017-2018 TRONT Operational Budget 4. Operations Progressing Pipiwharauroa Hikoi - Lake Ngatu (Event) 5. Communications Deferred TASKS WORK STREAM PROGRESS Te Hiku Water project - MPI 8. Alliances Progressing TASKS WORK STREAM PROGRESS 08 Ratification Strategy 2. PSGE Deferred TRONT Staff Meeting 4. Operations Completed AUGUST Server - shared files development with 10 NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing new IT provider 4. Operations Progressing OCTOBER Scholarship Open Date 6. Beneficiaries/Marae Progressing Proof NgāiTakoto Environmental Plan for print 7. Environmental Commenced Member Benefits packs - Dune Lakes Wetlands Project 7. Environmental Progressing Marae Renovation Programmes 6. Beneficiaries/Marae Progressing Pipiwharauroa Hikoi - Lake Ngatu (Planning) 5. Communications Progressing TRONT Staff Meeting 4. Operations Completed Awanui River Strategy and Pipiwharauroa Hikoi - Lake Ngatu (Event) 5. Communications Completed Awanui Project 'Heart of the Shark' 7. Environmental Progressing Future Proofing the NgāiTakoto Iwi - 20/40 4. Operations Progressing Ongoing Settlement tasks/transfer with Crown 4. Operations Progressing Awanui River Strategy and Sweetwater Farm Strategy 8. Alliances Progressing Awanui Project 'Heart of the Shark' 7. Environmental Progressing Resin Wax Project 8. Alliances Progressing Ongoing Settlement tasks/transfer with Crown 1. Crown Progressing OPUS - Kaimaumau Assessments - Horticulture 8. Alliances Progressing Red Meat Farming Strategy 8. Alliances Progressing Red Meat Farming Strategy 8. Alliances Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing FY2017-2018 TRONT Operational Budget 4. Operations Completed NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing TRONT Board Meeting 4. Operations Completed Future Proofing the Iwi Strategy 2. PSGE Progressing OPUS - Kaimaumau Assessments - Horticulture 8. Alliances Progressing Member Benefits packs - Sweetwater Farm Strategy 8. Alliances Progressing Maraea Renovation Programme 6. Beneficiaries/Maraee Progressing Te Hiku Water project - MPI 8. Alliances Progressing TRONT Staff Meeting 4. Operations Completed Resin Wax Project 8. Alliances Progressing TRONT Staff Meeting 4. Operations Completed Ratification Strategy 2. PSGE Deferred Scholarship Open Date 6. Beneficiaries/Marae Commenced Dune Lakes Wetlands Project 7. Environmental Progressing Future Proofing the Iwi Strategy 2. PSGE Progressing

34 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 35 TASKS WORK STREAM PROGRESS Scholarship Close 6. Beneficiaries/Marae Completed 11 Panui - #1 for 2017 5. Communications Completed NOVEMBER Member Benefits packs 6. Beneficiaries/Marae Progressing Roadshow / Ratification & Future Proofing Strategy hui 2. PSGE Deferred Awanui River Strategy and Awanui Project 'Heart of the Shark' 7. Environmental Progressing Ongoing Settlement tasks/transfer with Crown 1. Crown Progressing TRONT Staff Meeting 4. Operations Completed TRONT Staff Meeting 4. Operations Completed Red Meat Farming Strategy 8. Alliances Progressing OPUS - Kaimaumau Assessments - Horticulture 8. Alliances Progressing Summary Sweetwater Farm Strategy 8. Alliances Progressing Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing Overall, there is little change in the reporting of information and this is expected as the transition NgāiTakoto Festival Planning 6. Beneficiaries/Marae Progressing from settlement to post treaty settlements remains consistent and an ongoing process by which Resin Wax Project 8. Alliances Progressing we as NgāiTakoto need to grasp to it fullest extend in order to bed down firmly, the foundations NgāiTakoto Enviroonmental Plan Printing 7. Environmental Commenced onto which we build our future NgāiTakoto opportunities, and long term strategies. Dune Lakes Wetlands Project 7. Environmental Progressing The work didn’t end with our NgāiTakoto Settlement signing in 2012 and the subsequent passing Ratificiation - Voting 2. PSGE Deferred of the NgāiTakoto Settlement Legislation in 2015. That was the end of settling our grievances Te Hiku Water project - MPI 8. Alliances Completed with the Crown, the real work commenced when our responsibilities to rebuilding ourselves our people, our identity and “Turning our dreams... into reality”

TASKS WORK STREAM PROGRESS It’s also a very challenging and busy “moving forward” space, as we learn to do business with Ongoing Settlement tasks/transfer with Crown 1. Crown Progressing other parties, and whether those parties truly understand the changing times ahead, in that, 12 NgāiTakoto will lead for NgāiTakoto , and our future aspirational goals, will be determined by Qtr 2 - TRONT Board Meeting 2. PSGE Completed DECEMBER Panui #4 - Annual Managment Report- Mailout 5. Communications Completed us, for us, so that Tino Rangatiratanga becomes just that, and not a business as usual approach as some continue to think, which is inclusive of our other iwi partners too. Awanui River Strategy and Awanui Project 'Heart of the Shark' 7. Environmental Progressing The future times will be exciting, challenging and require innovation, discipline, and sound NgāiTakoto Festival Planning 6. Beneficiaries/Marae Completed decision making, which change requires. NgāiTakoto Festival 22,23,24 Dec 6. Beneficiaries/Marae Completed Hosting Australian whanau / NgāiTakoto rohe 6. Beneficiaries/Marae Completed I look forward to us moving into those times and again for the work and support of the Board to Dune Lakes Wetlands Project 7. Environmental Completed this work, the patience of our people to allowing us to take the time to get things right and to Member Benefits packs 6. Beneficiaries/Marae Completed our office staff and administration to making it all possible. TRONT Staff Meeting 4. Operations Completed I thank you all, wishing all our NgāiTakoto whanau the best for a safe and Merry Christmas and Office Shutdown 20th 4. Operations Completed a Happy New Year for 2018. For those attending this years NgāiTakoto Festival 2017… see you OPUS - Kaimaumau Assessments - Horticulture 8. Alliances Progressing on the field… Resin Wax Project 8. Alliances Progressing Red Meat Farming Strategy 8. Alliances Progressing Mauri ora, Taitokerau/ Te Hiku Foresty Strategy 8. Alliances Progressing Rangitane Marsden.

Rangitane Marsden, ONZM CEO, Te Runanga O NgāiTakoto

36 – Te Runanga O NgāiTakoto Annual NgāiTakoto Management Report, December 2016 - December 2017 – 37 Te Runanga O NgāiTakoto is an organisation of credibility that strives and drives success and opportunity for the wellbeing of our people.

For more information go to: E RUNANGA O www.NgāiTakotoiwi.co.nz admin@NgāiTakotoiwi.co.nz

Or contact: 0508 -TAKOTO (825686)