Cabinet has approved a new distribution formula for the Kanacea Island Trust Fund, which will facilitate the allocation of financial resources among traditional groups and key stakeholders. This fund is administered by the Ministry of Lands and Mineral Resources, ensuring its responsible usage and long-term preservation.
Under the revised scheme, Yavusa Kanacea will receive 50% of the trust fund, while both Tui Kanacea and Tui Vuna will be allocated 5% each. Yavusa Vuna is set to receive 20%, and the Ministry of Lands and Mineral Resources will also receive 20% from the total fund. Notably, within the Ministry’s share, 5% is designated for the hereditary holder of the Tui Cakau title.
Kanacea Island, situated in the northern Lau Group, spans over 1,200 hectares. The island was sold in 1991 for six million dollars, and subsequently, Carpenters Fiji Ltd made an additional ex gratia payment of one million dollars to the Government, which has been placed in trust for community benefit. Significantly, only the interest accrued from this fund is available for use, with the Permanent Secretary for Lands and Mineral Resources acting as the trustee.
The updated formula reflects a commitment to enhance transparency and support the welfare of landowning groups, while also ensuring that the fund continues to serve the Yavusa Kanacea community residing in Vuna, Taveuni. This approach acknowledges the importance of traditional leadership roles and the proactive stewardship of the government, aiming to fortify both the community’s support and its leadership structure for long-term viability.
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