Nyiyaparli Benefits Management Structure Trustee Appointment Process

Nyiyaparli Benefits Management Structure Trustee Appointment Process

We wish to advise all Nyiyaparli Benefits Management Structure (BMS) Trust beneficiaries that KNAC has accepted an invitation from the Nyiyaparli BMS Trustee (Mutual Trust) to manage the Trustee appointment process, which is due for completion on or before 30 June 2026 (following the completion of their current 5 year appointment term).

This follows the development by KNAC of a structured project plan outlining key milestones, deliverables and timelines to ensure compliance with the procedural requirements of the Nyiyaparli BMS trust deeds, and to provide all necessary information to assist the Nyiyaparli People to make an informed decision.

We intend to undertake the Appointment Process across multiple stages, as outlined below. This staged process has been endorsed by Mutual Trust and the Nyiyaparli Trust Decision Making Committee.

As part of this plan KNAC will:

- present more information about the multi-stage process at the June Beneficiaries meeting
- undertake a review of the current Trustee’s performance and costs
- undertake a review of the Trustee Service Contract and Deed of Appointment
- provide regular updates on the progress and outcomes of this process to beneficiaries
- coordinate a beneficiaries survey on Trustee performance
- regularly share information from the Trustee
- prepare a special resolution for the reappointment of Mutual Trust, to be voted on by beneficiaries at the November Beneficiaries meeting
- provide clear information to beneficiaries about the pros and cons of each decision item and each stage of the decision making process

KNAC is committed to maintaining open communication throughout this process, to ensure compliance with all requirements of the Nyiyaparli BMS trust deeds whilst empowering the Nyiyaparli People to make an informed decision regarding the Trustee appointment.

For more information contact our CEO Cate Ballantyne on ceo@karlka.com.au