| Landbanks
Surplus Crown properties may be landbanked for potential use in a Treaty settlement. The Office of Treaty Settlements (OTS) has overall responsibility for managing landbanked properties and is required to act as a good landlord and to maintain the properties. OTS also manages them so that it recovers the cost of holding properties and obtains a commercial rate of return.
Properties can only be removed from landbanks in exceptional circumstances, or after all the historical claims in the relevant region have been settled.
There are 15 regional landbank areas operating over the whole country. When Crown-owned land in these areas is declared surplus, it is publicly advertised and any Maori who has registered a claim with the Waitangi Tribunal for the relevant area may apply to have the land protected and placed in the regional landbank. Properties not landbanked are released back to the vendor for disposal.
Regional landbanks are subject to a series of financial limits on the total value of land that can be protected for each region. Property protected in regional landbanks is not held for any particular claimant group, even though it may have been protected on the basis of one’s group’s application.
To view a list of properties managed by the Office of Treaty Settlements for future Treaty settlements, this list will be updated monthly. View List
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