iTaukei Land Trust (Leases and Licences) (Amendment) Regulations 2024 (L.N. No. 13 of 2024)

49 No. 8 GOVERNMENT OF FIJI GAZETTE SUPPLEMENT FRIDAY, 22nd MARCH 2024 Price: 24c STAR PRINTERY PTE LTD, (Government Printer), Suva, Fiji – 2024 27/FGGS/24—170 Official Printer Since 2022 [LEGAL NOTICE NO. 13] ITAUKEI LAND TRUST ACT 1940 iTaukei Land Trust (Leases and Licences) (Amendment) Regulations 2024 IN exercise of the powers conferred on me by section 33 of the iTaukei Land Trust Act 1940, I hereby make these Regulations— Short title and commencement 1.—(1) These Regulations may be cited as the iTaukei Land Trust (Leases and Licences) (Amendment) Regulations 2024. (2) These Regulations are deemed to have come into force on 1 January 2024. Regulation 11 amended 2. The iTaukei Land Trust (Leases and Licences) Regulations 1984 is amended by deleting regulation 11 and substituting the following— “Distribution of balance of rents, premiums and purchase monies 11.—(1) After deduction of any sum in accordance with section 14 of the Act, the balance of any monies received by the Board by way of rents and premiums in respect of iTaukei land must be distributed by the Board as follows— (a) to the proprietary unit, 85%; (b) to the Turaga ni Mataqali, 7%; (c) to the Turaga ni Yavusa, 5%; and (d) to the Turaga i Taukei, 3%. (2) Where the Board has determined that any purchase monies received in respect of the sale or other disposition of iTaukei land is to be distributed after the deduction of any expenses incurred by the Board for the sale or other disposition, the balance must be distributed in accordance with subregulation (1). (3) Where there is more than one division or subdivision of the people within the same proprietary unit, the turaga of the same status must share equally the sum payable to them under subregulation (1) irrespective of whether or not any other sum is payable to any of them under subregulation (1) in their capacity as turaga of any other division or subdivision within such proprietary unit.”. Made this 15th day of March 2024. I. VASU Minister for iTaukei Affairs