(GOVT. PRESS SECRETARIAT); The Samoa Land Corporation (SLC) presented a $1
million cheque in dividends to Government on Monday 30 th November, as mandated by the
Public Bodies (Performance and Accountability) Act 2001.
In receiving the funds on behalf of Government, SLC Minister Lautafi Fio Selafi Purcell
complimented the Corporation.
“In the last three consecutive financial years, the Samoa Land Corporation has never failed
to deliver the law requirements to pay part of its revenues to assist Government,”
acknowledged Lautafi.
The Minister recalled that in 2018 the Corporation delivered a $3 million dividend to
Government. However a new amendment policy by the Ministry of Public Enterprises
reduced the minimum dividend payment to government by all State Owned Enterprizes (like
SLC) from to the 50% to 35%. But with the condition, that the dividend should be delivered
six months profit. And the Corporation complied with a $1.6 million dividend payment in
2019.

SLC Board represents their $1 million dividend payment to SLC Minister Lautafi Fio Selafi
Purcell.
“And despite the COVID-19 pandemic and the financial pressures faced by the country, you
have reaffirmed your support to Government by delivering the $1 million dividend,” praised
the Minister.

“It’s a difficult task to earn a million tala but the dividend pay-out is a testament of the
Corporations commitment to support the Government dedication to develop our country,”
acknowledges SLC Board Chairman Lavea Lemalu Tupuola Sione Malifa.
He says the SLC also took into account the burden carried by Government to meet the
country’s demands due to the COVID19 and the dividend paid reaffirms the SLC continued
support.
SLC was set up to divest, develop or invest close to 24,000 acres of land retained from
WSTEC, at an estimated value of $23 million.
The Corporation is in place to invest in ways to generate revenue for Government, through
the proper management of Government land assets.
And among its priorities is to utilize the government’s land assets for the benefit and
development of the people of Samoa, and with proper investments which will inject revenue
in to the Government’s budget for its development agenda.