Rātima v Sullivan - The Tataraakina C Trust (2015) 41 Takitimu MB 102 (41 TKT 102) [pdf, 531 KB]
...farming operations, preventing potential income and allowing the land to further revert, making future use more difficult, expensive and unattractive. [32] Another failure, Mr Armstrong concluded, was that the majority of trustees agreed to halve the licence fee of fishing tour operator Poronui due to Poronui having a bad fishing season, in effect absorbing their loss. No additional benefits were sought or obtained by the trustees in return. [33] The report then concluded that the...