The Kahukuraariki Trust Board’s primary responsibility is to manage the settlement assets for its present and future beneficiaries.

The Kahukuraariki Trust have made serious losses over the past 5 years with little to no benefits passed on to it’s members:

• 2021 – a loss of $380,000, due to excessive operational expenses of $800,000
• 2022 – a loss of $630,000, due to excessive operational expenses of $929,000
• 2023 – a loss of $570,000, due to excessive operational expenses of $1,200,000
• 2024 – a loss of $187,000, due to excessive operational expenses of $1,000,000
• 2025 – a loss of $55,000, due to excessive operational expenses of $1,000,000

A total loss of $1,822,000 over the past 5 years.

The Kahukuraariki Trust’s Milford Investment portfolio 5 years ago was $6.9 million, however its diminished to $5.3 million in 2025. The primary reason for these losses based on reviewing their published accounts over the past 5 years, is their continued excessive Administration and Operational costs.

What does the Trust intend to do about reversing these excessive Administration and Operational costs?