QIA Starts the Engagement Process to Amend Resource Revenue Policy
Iqaluit, Nunavut, April 4, 2022 – The Qikiqtani Inuit Association (QIA) today announced the launch of the formal engagement process to amend the Resource Revenue Policy.
The Resource Revenue Policy established the Legacy Fund and the Benefits Fund and determines how QIA’s revenues are saved and spent.
In the engagement plan approval by the Board of Directors on March 4th, the QIA board determined they would like to amend the current QIA Revenue Policy to be split into two new policies: The Revenue Allocation Policy, and, a Legacy Fund Policy. The QIA Board was very clear in their desire to amend the current policy to allow for more spending and different types of spending.
The new policies QIA is proposing will allow greater flexibility so QIA can adjust spending over time while still ensuring savings are being kept for our future generations. QIA is proposing two new areas of spending, Community Resources and Opportunities, and, Economic Diversification.
“QIA will be speaking with every Qikiqtani community to get feedback on what we are proposing. I am excited to work with my fellow Board members and Inuit to create new types of spending that allow communities more say in how QIA spends its resources in each community. said President of QIA, Olayuk Akesuk.
The community engagements will take place from April until the Annual General Meeting on October 4, 2022 in Iqaluit, Nunavut at the Aqsarniit Hotel and Conference Centre.
For more information on the Resource Revenue Amendments, or engagement in your community, visit our website: www.qia.ca/resourcerevenue
For more information, please contact:
Director, Strategic Communications
Qikiqtani Inuit Association
(P) 867.975.8398 or toll-free 1.800.667.2742