Notes to the Summary Group Financial Statements continued

For the Year Ended 30 June 2018

(8) Appointments ended in prior financial year, (9) Appointment from 1 July 2017.

Te Rūnanga o Ngāi Tahu Representative Committees include: (a) Audit and Risk Committee, (b) Remuneration Committee, (c) Tē Apārangi Committee, (d) Tē Here Committee, (e) Form and Function Committee. The make-up of the committees is as at 30 June 2018.

Te Rūnanga o Ngāi Tahu and Ngāi Tahu Charitable Trust

Notes to the Summary Group Financial Statements continued

For the Year Ended 30 June 2018

15. Contingent Liabilities

Transactions with related parties involving shareholder entities

A contingent liability is a liability that is not sufficiently certain to qualify for recognition on the balance sheet due to an uncertainty of future event occurring.

There were no contingent liabilities at 30 June 2018 (June 2017: $nil).

16. Subsequent Events

There are no material events subsequent to balance date.