The Trust is the ratified post settlement governance entity and will receive the settlement assets directly from the Crown. It will be responsible for the overall management of the settlement assets but will have a wider structure beneath it to efficiently and effectively carry out its functions following the settlement.

As is usual with post settlement governance entities, the governance structure will include a commercial arm which will be 100% controlled and owned by the PSGE.

The two existing Rūnanga are not able to be formally included as subsidiaries of the Trust in the post settlement governance structure but the Trust Deed specifically allows for an Existing Rūnanga Agreement to be entered into between the Trust and the Rūnanga. This would be a contractual arrangement outside of the Trust Deed provisions.