Statement of Responsibility

For the year ended 31 March 2017

In terms of the Crown Entities Act 2004, the Māori Trustee is responsible for the preparation of financial statements, the Statement of Service Performance and the Statement of Trust Monies and for the judgements made in them. 

The Māori Trustee is responsible for any end-of-year performance information provided under section 19A of the Public Finance Act 1989.

The Māori Trustee is responsible for the establishment and maintenance of internal control systems to provide reasonable assurance as to the integrity and reliability of financial reporting.

In the Māori Trustee’s opinion, these financial statements, the Statement of Service Performance and the Statement of Trust Monies for the year ended 31 March 2017, set out on pages 32 to 94 (Download Financial Statements), fairly reflect the financial position and operations of the Māori Trustee.  

Jamie Tuuta
Māori Trustee
21 July 2017

Statement of Service Performance

The Māori Trustee is listed in Schedule 4 of the Public Finance Act 1989 as requiring the preparation of a statement of service performance in compliance with the requirements of the Crown Entities Act 2004.

In a letter dated 5 August 2009, the Minister of Finance, as empowered by section 45N(2) of the Public Finance Act 1989, granted the Māori Trustee the following exemptions from the provisions of the Crown Entities Act 2004.

• An exemption from providing “an assessment against the intentions, measures and standards set out in a statement of intent prepared at the beginning of the financial year”. This exemption recognises that the Māori Trustee is not required, under Schedule 4 of the Public Finance Act 1989, to prepare a statement of intent. However, the annual report must provide the information that is necessary to enable an informed assessment to be made of the operations and performance for the financial year.

• An exemption from preparing a statement of service performance “in respect of any class of outputs that is not funded (in whole or in part) by the Crown”. This exemption addresses outputs not directly funded in whole or part by the Crown.

This statement of service performance reports against the outputs stated in the funding agreement between the Minister for Māori Development (on behalf of the Crown) and the Māori Trustee, dated 24 March 2016 covering period April 2016 to March 2020.

The total cost of outputs for the year ended 31 March 2017 is summarised below.

1 Output categories as detailed in Vote Māori Development document. Refer page 33.

Total expenditure is in excess of the appropriation provided by the Crown to provide trustee services. This has been the case since 2012. The shortfall is made up of fees charged to trusts and a subsidy from the General Purposes Fund.

The total output expenditure in 2017 includes restructure costs of $35,000.

Scope of appropriation

This appropriation is limited to the purchase of trustee and land management functions from the Māori Trustee.

What’s intended to be achieved with this appropriation?

This appropriation is intended to achieve progress towards Māori sustainably growing and developing their resources.

Performance measures for the Māori Trustee functions