Te Rūnanga o Ngāi Tahu is the sole Trustee of the Ngāi Tahu Charitable Trust which in turn owns and operates Ngāi Tahu Holdings Corporation Ltd and its subsidiary companies and related trusts. The purpose of the Ngāi Tahu Holdings Corporation Ltd, and indeed all our commercial operations, is to grow the asset base and to create revenues to allow for increasing levels of distribution for charitable purposes to our whānau and communities on an intergenerational basis.
The Ngāi Tahu Charitable Trust values its charitable trust status and has an annual process where all expenditure and operations are assessed to ensure they are ‘charitable’ as defined by law. Ngāi Tahu Charitable Trust annual distributions are channelled into programs which include grants for tertiary education and scholarships, afterschool tuition, language revitalisation, environmental projects, marae projects, cultural projects and many, many more programmes that advance the wellbeing of Ngāi Tahu Whānui.
Te Rūnanga o Ngāi Tahu (acting in its own right) annual distributions are channelled into non-charitable programmes, which include distributions such as those to our whānau via the Whai Rawa (iwi savings) scheme. Consequently, Te Rūnanga o Ngāi Tahu has taxable income and applicable income tax is paid on this income. For the year ended 30 June 2013 tax expense was $162K; for the year ended 30 June 2014, tax expense was $409K; and for the year ended 30 June 2015, tax expense was $455K. This includes Australian income tax paid by the Ngāi Tahu Seafood’s Australian seafood company.
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