As part of the agreement, the Government will write off previous debts owed to Kānoa and the Department of Conservation, including contingency for the removal of redundant infrastructure.
There will also be an assurance that the historical “make good” obligations will be fulfilled.
Both Whakapapa Holdings and Pure Turoa will offer future benefits for life-pass holders.
Details of these benefits and arrangements will be disclosed in the administrator’s report due for release tomorrow.
Allan said she appreciates the stress the uncertainty of this process has placed upon the Ruapehu community.
“It is critical that this matter is resolved properly to facilitate a sustainable outcome.”
Ruapehu Alpine Lifts went into voluntary administration in October last year with debts of $45 million.
The company was given a $6m government lifeline in December to prevent its liquidation.
This decision comes as ski fields across the country start opening for winter.
Mt Hutt opened on Saturday and the Queenstown resorts of the Remarkables, Coronet Peak and Cardrona will open next weekend.