NATION

TLTB Advises On Lease Distribution

The iTaukei Land Trust Board had started implementing the equal rent distribution of land leases effective from May 2015. This was revealed yesterday at the Parliamentary Standing Committee for Economic
23 Jun 2015 13:53
TLTB Advises On Lease Distribution

The iTaukei Land Trust Board had started implementing the equal rent distribution of land leases effective from May 2015.

This was revealed yesterday at the Parliamentary Standing Committee for Economic Affairs hearing under chair Balmindar Singh and, Government members Brij Lal and Sanjeet Patel. Notably absent were Opposition’s Prem Singh and Semesa Karavaki.

TLTB general manager Tevita Kuruvakadua responded to queries sent by the economic affairs secretariat on the petition to review distribution of lease monies to individual landowner’s bank accounts and the land rent premised on unimproved capital view.

“We have just started implementing the equal distribution last month and the process started on the third week of May,” he said.

“We have started distributing lease monies to all individual members of land owning units within the four provinces as a trial basis for members in the province of Ba, Bua, Cakaudrove and Kadavu.

“Right now for the four provinces, their deed of trust or their trust arrangements have been nullified and for those individual members that have registered with the iTaukei Trust Board with all the information, we have verified them and they have started receiving their lease monies individually.

“This has received positive vibes from landowning units and TLTB assures that there are a lot of positive spin-offs if proper information and awareness programmes were given to landowners in a timely manner,” he said. Mr Kuruvakadua said the equal distribution was an opportunity for the landowning units to manage their own funds.

“We have received positive feedbacks from land owning units who had faced difficulties or had problems within the unit,” he said.

“If we give some time for this policy to be trialed and encouraged and awareness carried out with its benefits we will see how best we can manage with the concerns being raised.

“We are positive that it will have positive spin-offs for individual landowning units and the wider economy and it will also encourage a major shift in how the iTaukei think.”

Feedback: farisha.ahmed@fijisun.com.fj

 


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