Crown Forestry Rental Trust - Wellington Central
About Crown Forestry Rental Trust
Licensed Crown forest land was created in 1989 with the passage of the Crown Forests Assets Act which established Crown Forest Licences which allowed the Crown to sell the forests whilst retaining the underlying land.
Land Information New Zealand (LINZ) manages Crown Forest Licenced Lands on behalf of the Crown and administers the forestry licences the Crown has granted to forestry companies to grow trees on the land. The rents from these licences are transferred to the Crown Forestry Rental Trust, which holds and invests the rental proceeds on behalf of future successful Treaty of Waitangi claimants. When settlements are completed which include licensed Crown forest land as redress, the accumulated rentals for that land are transferred to the settling group. The settling group also receives the ongoing rental for the land from the licence holders. The transfer of the land has no effect on the licence holders.
Many CFLLs (including land and accumulated rentals) have now been returned to beneficial owners as a result of the work of the Trust and subsequent settlements between iwi and the Crown.
Contact Crown Forestry Rental Trust
| Address : | Crown Forestry Rental Trust 9/16 Willis Street, Wellington Central, Wellington 6011, New Zealand |
| Phone : | 📞 +9 |
| Postal code : | 6011 |
| Website : | http://www.cfrt.org.nz/ |
| Categories : |
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