TLTB reduces administration fees
October 22, 2012 6:01 pm
Landowners around the country can now breathe a sigh of relief following an announcement by the TLTB to drop its administration fees – costing eight hundred thousand dollars.
i-Taukei Affairs Chairman, Voreqe Bainimarama says this will help put more money into the pockets of landowners.
Right now, landowners pay fifteen percent as administrative fees…from next year, this will be reduced by five percent.
“I can announce the administrative fees charged by TLTB will be reduced by 2 point 5 percent effective January 1st 2013. It is expected that this will be reduced a further 2.5 percent later in the year."
TLTB says the reduction in revenue will mean being more efficient and strategic.