Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698754511740.pdf (New Zealand)
Reprint as at 1 April 2014 Maori Fisheries Act 2004 Public Act 2004 No 78 Date of assent 25 September 2004 Commencement see section 2 Contents Preamble Title Commencement Part 1 Purposes of Act, key concepts, and key iwi organisations Subpart 1—Purposes, outline, and interpretation Purposes Outline of Act Interpretation Act binds the Crown Subpart 2—Key concepts Classification of deepwater and inshore quota Classification of new quota Basis for classifying stock under section 7 Alternative basis for classification of new quota Page 13 13 13 14 14 21 21 21 22 Note Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.
Note 4 at the end of this reprint provides a list of the amendments incorporated.

This Act is administered by the Ministry for Primary Industries.
1 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 18A 18B 18C 18D 18E 18F 18G 26 27 28 29 How iwi population and coastlines determined Population of an iwi Registered coastline entitlements Subpart 3—Iwi organisations Mandated iwi organisations Functions and powers of mandated iwi organisations Recognition of mandated iwi organisations Criteria for recognition of mandated iwi organisation Recognition of iwi governance entity Functions and powers of asset-holding companies Constitutional documents Changes to constitutional documents New mandated iwi organisation may replace existing mandated iwi organisation Interpretation Requirements for recognition of new mandated iwi organisation Requirements relating to constitutional documents of new organisation Proposed transfer date if recognition requirements met Recognition of new mandated iwi organisation and transfer of specified settlement assets Certain effects of recognition of new organisation Remedy if specified settlement assets not transferred Provisions allowing for reorganisation of specified mandated iwi organisations Interpretation Withdrawal of group from joint mandated iwi organisation Recognition of mandated iwi organisation of withdrawing group Transfer of assets Voting rights Status of Ngati Hine and Rongomaiwahine Further criteria may be prescribed Benefit to persons who are not members of iwi Recognised iwi organisations Functions and powers of recognised iwi organisations Status of recognised iwi organisations Representative Maori organisations Part 2 Establishment and review of new entities 30 Outline of this Part 2 23 23 24 25 25 25 26 27 28 28 29 30 30 30 31 32 33 33 35 36 36 36 37 37 37 38 38 39 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Subpart 1—Te Ohu Kai Moana and Te Ohu Kai Moana Trustee Limited Establishment of trust and trustee 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 Te Ohu Kai Moana to be established Purpose of Te Ohu Kai Moana
 Trustee of Te Ohu Kai Moana Duties and functions of trustee Duties of Te Ohu Kai Moana Trustee Limited Functions of Te Ohu Kai Moana Trustee Limited Trust deed Trust deed of Te Ohu Kai Moana Matters to be included in annual plan Annual report of Te Ohu Kai Moana Trustee Limited Consultation and other reporting obligations Obligation to establish and maintain iwi register Review of revenue requirements Scope of revenue review Allocation and transfer of surplus loan funds Te Ohu Kai Moana Trustee Limited Constitution of Te Ohu Kai Moana Trustee Limited Appointment of directors First directors of Te Ohu Kai Moana Trustee Limited Subsequent appointments Term of office of directors Eligibility for office of director Removal of directors Effect of vacancy in membership of Te Ohu Kai Moana Trustee Limited Iwi register Documentation relating to iwi register Access to iwi register Policy on iwi register Rule-making procedures Procedures for making or amending rules Subpart 2—Te Kawai Taumata Establishment of Te Kawai Taumata Sole function of Te Kawai Taumata Membership of Te Kawai Taumata Alternate members of Te Kawai Taumata Eligibility for membership of Te Kawai Taumata Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Subpart 3—Aotearoa Fisheries Limited Establishment Establishment of Aotearoa Fisheries Limited Duty of Aotearoa Fisheries Limited Duty of Aotearoa Fisheries Limited Constitution of Aotearoa Fisheries Limited Requirements for constitution Directors Directors of Aotearoa Fisheries Limited Restrictions on appointment of directors Directors of subcompanies Voting shares Voting shares Income shares Income shares Additional income shares Disposal of income shares by mandated iwi organisations Process for disposal of income shares by mandated iwi organisations Disposal of income shares by Te Ohu Kai Moana Trustee Limited Other constraints on disposal of income shares Remedy
 for breach of sections 69 to 72 Exceptions to restrictions on disposal of income shares Transfer of assets Transfer of assets to Aotearoa Fisheries Limited Payment of dividends by Aotearoa Fisheries Limited Circumstances when payments not required Subpart 4—Te Putea Whakatupu Trust and Te Putea Whakatupu Trustee Limited Establishment Interpretation Establishment of Te Putea Whakatupu Trust Trustee of Te Putea Whakatupu Trust Purpose of Te Putea Whakatupu Trust Benefits of Trust Functions of Te Putea Whakatupu Trustee Limited Requirements for trust deed Contents of trust deed of Te Putea Whakatupu Trust Annual plan of Te Putea Whakatupu Trustee Limited Reprinted as at 1 April 2014 Maori Fisheries Act 2004 86 87 88 89 90 91 92 93 94 95 96 97 98 99 Reporting obligations of Te Putea Whakatupu Trustee Limited Requirements for constitution Constitution of Te Putea Whakatupu Trustee Limited Directors Requirements for appointment of directors Eligibility for office of director Payments Payments to Te Putea Whakatupu Trustee Limited Subpart 5—Te Wai Maori Trust and Te Wai Maori Trustee Limited Establishment Interpretation Establishment of Te Wai Maori Trust Trustee of Te Wai Maori Trust Purpose of Te Wai Maori Trust Functions of Te Wai Maori Trustee Limited Requirements for trust deed Contents of trust deed of Te Wai Maori Trust Annual plan of Te Wai Maori Trustee Limited Distributions of trust income Reporting obligations of Te Wai Maori Trustee Limited Requirements for constitution 100 Constitution of Te Wai Maori Trustee Limited 101 102 Criteria for appointment of directors Eligibility for office of director Directors Payments 103 Payments to Te Wai Maori Trustee Limited Subpart 6—Audits and reviews 104 Interpretation Audit of entities 105 106 107 108 109 110 111 Audits Subsequent audits Person to conduct audit
 General scope of audits Audit of Te Ohu Kai Moana Trustee Limited Audit of Aotearoa Fisheries Limited Audits of Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited 69 70 71 71 72 73 73 73 73 73 74 75 75 76 77 78 78 78 79 79 80 80 81 81 81 82 5 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 Procedure after completion of audit Procedure for auditor and entity audited Procedure for Te Ohu Kai Moana Trustee Limited Requirement for review of entities Review of entities Funding of reviews Committee of representatives Committee of representatives Appointment procedure Functions of committee of representatives Terms of reference Procedure and remuneration of committee of representatives Conduct of review Reviewer Scope of review Further relevant considerations Limits to recommendations that may be made Procedure after completion of review Report on review Consideration of review report by entity under review Consideration of review report Requirement to provide information 128 Information requested by auditor or reviewer Part 3 Allocation and transfer of settlement assets 129 Outline of this Part Subpart 1—Allocation and transfer of settlement assets 130 Duty to allocate and transfer settlement assets Duty Further circumstance when Te Ohu Kai Moana Trustee Limited must allocate and transfer settlement assets Interpretation Application of sections 133 and 134 Procedure if request made under section 132(2) Allocation and transfer after request under section 132(2) Discretionary power Discretion to allocate and transfer Limitations applying if mandated iwi organisation receives settlement quota under section Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Settlement asset money 137 138 138A Transfer of money Allocation of surplus funds Allocation and transfer of New Zealand units
 Income shares 139 Allocation of income shares Subpart 2—Bases for allocation of settlement quota Inshore quota 140 Allocation of inshore quota Deepwater quota 141 Allocation of deepwater quota Chatham zone 142 Chatham Island allocations 143 Allocation of quota within harbours Harbour quota Allocations in specified Fishery Management Areas 144 145 146 Allocation of settlement quota in quota management areas same as Fishery Management Area 4 Allocation of settlement quota in quota management areas same as Fishery Management Area 6 Allocation of settlement quota in quota management areas same as Fishery Management Area 10 Highly migratory species 147 Allocation of settlement quota for highly migratory species Adjustments to number of quota shares available for distribution 147A 147B Recalculation of allocations of deepwater stock Allocation of reduced number of quota shares Freshwater quota 148 Allocation of freshwater quota Alteration of quota management areas under Fisheries Act 1996 148A Consequence of altering quota management area Cash allocations 149 150 151 152 Additional cash in lieu of shortfall in settlement quota Specific cash transfers to certain iwi Subpart 3—Transfer of settlement assets Transfer of allocated settlement quota Offer of annual catch entitlement 94 95 96 96 97 97 97 99 99 100 100 100 100 101 101 102 102 102 103 103 7 Maori Fisheries Act 2004 Subpart 4—Miscellaneous Assets held in trust Reprinted as at 1 April 2014 153 When settlement assets must be held in trust Status of settlement assets for purposes of Inland Revenue Acts and other enactments 154 Status of settlement assets Part 4 Settlement quota interests, sales and exchanges of settlement quota, related restrictions, and option to purchase 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 Outline of this Part Interpretation Subpart 1—Registration of settlement quota interests Registration of settlement quota interests General restriction on transfer of settlement quota
 Quota may be treated as settlement quota Application for registration Subpart 2—Restrictions on, and procedures for, disposal of settlement quota Restrictions on disposal of settlement quota Prerequisites to sale of settlement quota Option to purchase Offer of option to purchase Procedure for selling bundle of assets Procedure to determine right to purchase Basis on which sale must proceed Other constraints on disposal Application of this subpart to Te Ohu Kai Moana Group When sale of settlement quota must be allowed Remedy for breach of requirements under this subpart Subpart 3—Exceptions to application of subpart 2 Quota sold to wholly-owned entities 171 Settlement quota sold to wholly-owned entities 172 Rationalisation of small parcels of settlement quota Small parcels of settlement quota 173 174 Exception for quota exchanges Procedure and criteria for exchange Quota exchange 105 105 106 106 106 107 107 107 108 109 110 110 110 111 111 112 112 113 113 114 114 115 8 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Breach of restrictions applying to exchanges 175 Remedy for breach of restrictions Subpart 4—Additional rules for quota sales and exchanges 176 Additional rules Part 5 Dispute resolution 177 178 Outline of this Part Purpose of this Part Subpart 1—Procedure for resolution of disputes 179 Notification of specified decisions Application of Part 180 181 182 183 184 185 186 187 Application of this Part to specified decisions Resolution of disputes Reference to Maori Land Court Effect of reference or application etc to Maori Land Court Subpart 2—Other matters relevant to disputed decisions Implementation of decision Powers of Te Ohu Kai Moana Trustee Limited in relation to mandated iwi organisations Other powers not limited Dispute resolution in relation to reorganisation of specified mandated iwi organisations Part 6 Transitional and miscellaneous provisions, repeal, and amendments 188 189 Outline of this Part Interpretation Subpart 1—Transitional provisions
 Powers, savings, and validations Powers of Treaty of Waitangi Fisheries Commission Agreements for sale of annual catch entitlements Certain exemptions saved Validation of certain decisions, etc Transfer from Treaty of Waitangi Fisheries Commission Treaty of Waitangi Fisheries Commission dissolved and existing undertaking vested Payment of taxation refunds (if any) Classification of quota shares allocated to Treaty of Waitangi Fisheries Commission Maori Fisheries Act 2004 Final report Reprinted as at 1 April 2014 Final report of Treaty of Waitangi Fisheries Commission References in instruments Status of contracts and other instruments Status of existing securities Continuation of proceedings Matters not affected by transfer to Te Ohu Kai Moana Trustee Limited Books and documents to remain evidence Registers Subpart 2—Employees and agents Interpretation Liability of employees and agents Transfer of existing employees Terms and conditions of employment of transferred employees Continuity of employment No compensation for technical redundancy Subpart 3—Miscellaneous provisions Application of Inland Revenue Acts and other enactments Protection of names Subpart 4—Repeal and consequential amendments Enactment repealed Amendments to other enactments Schedule 1 Quota shares Schedule 2 Harbours and harbour quota Schedule 3 Iwi (listed by groups of iwi) and notional iwi populations Schedule 4 Organisations that are recognised iwi organisations (as at the commencement of this Act) Schedule 5 Representative Maori organisations Schedule 6 Methodology for determination of coastline entitlements Schedule 7 Kaupapa applying to constitutional documents of mandated iwi organisations Reprinted as
207 208 209 210 211 212 213 214 10 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Preamble Schedule 8 Te Kawai Taumata Schedule 9 Consequential amendments 175 182 Preamble (1) By the Treaty of Waitangi, the Queen of England confirmed and guaranteed to the chiefs, tribes, and individual Maori the full, exclusive, and undisturbed pos- session of their fisheries for so long as they wished to retain them: (2) Maori claimed in proceedings in the High Court and in various claims to the Waitangi Tribunal that the quota management system introduced by the Fisher- ies Amendment Act 1986 was unlawful and in breach of the principles of the Treaty of Waitangi, or had no application to Maori fisheries (including com- mercial fisheries): (3) (4) In legal proceedings, Maori obtained from the High Court and the Court of Ap- peal, by way of interim relief, a declaration that the Crown ought not to take further steps to bring the fisheries within the quota management system: The Maori Fisheries Act 1989 was enacted to make better provision for the rec- ognition of Maori commercial fishing rights secured by the Treaty of Waitangi.
The Act provided that the Maori Fisheries Commission was to be provided with 10% of all quota holdings then subject to the quota management system, or the equivalent value in cash as compensation for commercial fishing claims: (5) A Deed of Settlement dated 23 September 1992 was entered into between the Crown and representatives of the New Zealand Maori Council, the National Maori Congress, and iwi: (6) (7) In that Deed of Settlement it was agreed that the settlement (which was ultim- ately for the benefit of all Maori), the implementation in legislation of the agreements made in that Deed, and the continuing relationship between the Crown and Maori, would constitute a full and final settlement of all Maori claims to commercial fishing rights: The Treaty of Waitangi (Fisheries Claims) Settlement Act 1992, an Act “to give effect to the settlement of claims relating to Maori fishing rights”, provi- ded for the implementation of the Deed of Settlement through the following means: (a) (b) reconstitution of the Maori Fisheries Commission as the Treaty of Wai- tangi Fisheries Commission; and payment by the Crown to the Treaty of Waitangi Fisheries Commission of a sum of $150 million to be used for the development and involve- ment of Maori in the New Zealand fishing industry, including participa- tion in a joint venture with Brierley Investments Limited to acquire Seal- ord Products Limited, a major fishing company; and 11 Preamble Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (c) (d) (e) (f) provision for the allocation to the Treaty of Waitangi Fisheries Commis- sion of 20% of quota for any new quota management stocks brought within the quota management system; and provision for the making of regulations to recognise and provide for cus- tomary food gathering by Maori; and empowerment of the Treaty of Waitangi Fisheries Commission to allo- cate the assets held by the Maori Fisheries Commission at the settlement date specified in the Deed of Settlement, after considering how best to give effect to the
 resolutions adopted by the Annual General Meeting of the Maori Fisheries Commission on 25 July 1992 and reporting to the Minister of Fisheries for approval of that scheme of allocation; and empowerment of the Treaty of Waitangi Fisheries Commission, after full consultation with Maori, to develop and report to the Minister on pro- posals for a new Maori Fisheries Act that would provide— (i) (ii) a scheme for identifying the beneficiaries and their interests under the Deed of Settlement; and a procedure to allocate the assets of the Treaty of Waitangi Fisher- ies Commission (other than those held prior to the signing of that Deed): (8) (9) The Crown, through the provisions of the Fisheries Act 1996, allocates to the Treaty of Waitangi Fisheries Commission 20% of quota for any new quota management stocks brought within the quota management system: The Treaty of Waitangi Fisheries Commission, having considered its duties under the Maori Fisheries Act 1989 and the Deed of Settlement, has examined alternative methods for allocating its assets, produced discussion material, and consulted with iwi and Maori on the allocation of the assets referred to in Schedule 1A of the Maori Fisheries Act 1989: (10) In 1998 the Treaty of Waitangi Fisheries Commission developed an “optimum model” for allocation.
The bases for that model have been challenged in suc- cessive court actions and overall have been found to have been consistent with the intent of the Deed of Settlement: (11) The Judicial Committee of the Privy Council, in Te Waka Hi Ika o Te Arawa v Treaty of Waitangi Fisheries Commission [2002] 2 NZLR 17, held that the obli- gations of the trust imposed by the Deed of Settlement required the benefits of the settlement to be allocated to iwi, meaning the traditional tribes, for the ul- timate benefit of all Maori: (12) Subsequently, the Treaty of Waitangi Fisheries Commission considered and took into account the findings of the courts as to its duties under the Maori Fisheries Act 1989 and the Deed of Settlement.
It examined alternative methods for allocating its assets, produced further consultation material, con- sulted with iwi and Maori, and after undertaking additional processes to reach 12 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 3 agreement on the model, considered that it had secured the maximum possible support for its allocation proposals: (13) In May 2003, the Treaty of Waitangi Fisheries Commission reported to the Minister of Fisheries on its proposal for the allocation of the assets it held on the settlement date specified in the Deed of Settlement: He Kawai Amokura: A model for allocation of the Fisheries Settlement Assets: Report to the Minister of Fisheries: (14) The Minister of Fisheries assessed the proposal of the Treaty of Waitangi Fish- eries Commission, in accordance with the requirements of the Maori Fisheries Act 1989 and the Deed of Settlement, and considered the proposal to be consis- tent with those requirements.
He therefore agreed to incorporate the proposal in legislation: (15) The enactment of this legislation will complete implementation of the agree- ments in the Deed of Settlement between the Crown and Maori in respect of Maori claims to commercial fisheries, as outlined in the Preamble to that Deed and in the Preamble of the Treaty of Waitangi (Fisheries Claims) Settlement Act 1992.

1 2 3 (1) Title This Act is the Maori Fisheries Act 2004.
Commencement This Act comes into force on the day after the date on which it receives the Royal assent.
Part 1 Purposes of Act, key concepts, and key iwi organisations Subpart 1—Purposes, outline, and interpretation Purposes The purposes of this Act are to— (a) (b) implement the agreements made in the Deed of Settlement dated 23 Sep- tember 1992; and provide for the development of the collective and individual interests of iwi in fisheries, fishing, and fisheries-related activities in a manner that is ultimately for the benefit of all Maori.
(2) To achieve the purposes of this Act, provision is made to establish a framework for the allocation and management of settlement assets through— (a) the allocation and transfer of specified settlement assets to iwi as provi- ded for by or under this Act; and 13 Part 1 s 4 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 4 (1) (2) (3) (4) (b) the central management of the remainder of those settlement assets.
Outline of Act This section and sections 30, 129, 155, 177, and 188 are a guide to the general scheme of the Parts of this Act, but do not affect the interpretation or applica- tion of the other provisions of this Act.

This Act replaces the Maori Fisheries Act 1989.

The Preamble sets out the background to this Act.
Following the Title and commencement clauses, Part 1 contains— (a) (b) (c) subpart 1, which includes the purpose and interpretation provisions; and subpart 2, which sets out the key concepts for the allocation of settle- ment assets, namely, provisions for the classification of quota, the deter- mination of iwi population, and the determination of iwi coastline en- titlements, including interim and supplementary coastline entitlements; and subpart 3, which relates to the nature and role of iwi organisations in- volved with the allocation of settlement assets, including provisions al- lowing for the reorganisation of joint mandated iwi organisations.
(5) The schedules set out— (a) (b) (c) (d) (e) (f) (g) (h) the quota shares provided to the Treaty of Waitangi Fisheries Commis- sion under section 40 of the Maori Fisheries Act 1989 (the interim settle- ment) and those since allocated to the Treaty of Waitangi Fisheries Com- mission under section 44 of the Fisheries Act 1996; and the relevant harbours and harbour quota for allocation in relation to those harbours; and iwi listed by groups and the notional population of each iwi; and organisations that are recognised iwi organisations; and the representative Maori organisations; and the method for determining coastline entitlements; and the kaupapa that apply to the constitutional documents of mandated iwi organisations; and procedures for Te Kawai Taumata, including provisions for the appoint- ment of members and alternate members; and (i) consequential amendments.
5 Interpretation In this Act, unless the context otherwise requires,— adult member means a person 18 years of age or over allocate,— 14 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 5 (a) in respect of settlement assets, means the determination of the quantum of those assets to be transferred to an iwi; but (b) does not include— (i) (ii) (iii) the transfer of those assets by Te Ohu Kai Moana Trustee Limited; or distributions made under section 83(b) or section 95(b); or grants of assistance made under section 35(1)(h) annual catch entitlement has the meaning given to it in section 2(1) of the Fisheries Act 1996 Aotearoa Fisheries Limited means the company established in accordance with section 60 appointed day means the day specified as the appointed day by the Governor- General by Order in Council made on the recommendation of the Minister at the request of the Treaty of Waitangi Fisheries Commission, being a day not later than 45 working days after the commencement of this Act asset-holding company means a company— (a) (b) (c) established as required by section 12(1)(d); and that complies with section 16(1) and (2); and whose constitutional documents comply with the relevant requirements of sections 17 and 18 beneficiary of the Deed of Settlement means iwi and, through iwi, ultimately all Maori Chatham zone has the meaning set out in section 142 coastline entitlement means a registered coastline entitlement obtained in ac- cordance with Schedule 6 committee of representatives means a committee established under section 116 with the functions provided for by section 118 constitutional documents, in relation to a company, trust, or other entity set up for the purposes of this Act, means the constitution, trust deed, or rules adopted for the governance of the company, trust, or other entity Court— (a) means the District Court or, where proceedings are commenced in the High Court, the High Court; but (b) does not include the Maori Land Court Deed of Settlement means the Deed of Settlement dated 23
 September 1992 signed by the Crown and Maori and referred to in the Treaty of Waitangi (Fish- eries Claims) Settlement Act 1992 deepwater quota means— 15 Part 1 s 5 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) (b) the settlement quota identified in Schedule 1 as DW; and the quota of any new quota management stocks brought into the quota management system under section 18 of the Fisheries Act 1996 that Te Ohu Kai Moana Trustee Limited determines to be deepwater quota under section 7 earnings means interest and dividends financial year means the period of 12 consecutive months nominated in a con- stitutional document as the financial year of the entity concerned fisheries has the meaning given to fisheries resources in section 2(1) of the Fisheries Act 1996 Fishery Management Area means a Fishery Management Area defined in Parts 1 and 2 of Schedule 1 of the Fisheries Act 1996 fishing has the meaning given to it in section 2(1) of the Fisheries Act 1996 fishing permit has the meaning given to it in section 2(1) of the Fisheries Act 1996 fishing year has the meaning given to it in section 2(1) of the Fisheries Act 1996 freshwater means the waters of rivers, streams, lakes, ponds, estuaries, la- goons, wetlands, canals, impoundments, channels, or water courses, whether occurring naturally or artificially made freshwater fisheries and freshwater fishing have the meanings set out in sec- tion 91 freshwater quota means— (a) (b) the settlement quota identified in Schedule 1 as FW; and the quota of any new quota management stocks brought into the quota management system under section 18 of the Fisheries Act 1996 that Te Ohu Kai Moana Trustee Limited determines to be freshwater quota under section 7 general meeting means an annual or special meeting that,— (a) in the case of a meeting convened by Te Ohu Kai Moana Trustee Limit- ed, is open to— (i) (ii) (iii) all mandated iwi organisations and the members of the iwi repre- sented by each mandated iwi
 organisation; and all representative Maori organisations and their members; and the members and alternate members of Te Kawai Taumata; and (b) (c) in the case of a meeting convened by a mandated iwi organisation, is open to all members of the iwi; and in each case, complies with the constitutional documents of the organisa- tion convening the meeting 16 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 5 general power of sale means a power included in the constitutional documents of Te Ohu Kai Moana Trustee Limited or any entity within Te Ohu Kai Moana Group to provide by special resolution for the sale, in accordance with any spe- cified terms and conditions, of income shares or settlement quota, but without obtaining a specific power of sale by special resolution harbour quota means— (a) (b) that part of the settlement quota listed in Schedule 1 that is quantified in Part 2 of Schedule 2; and the number of quota shares of any new quota management stocks brought into the quota management system under section 18 of the Fish- eries Act 1996 that Te Ohu Kai Moana Trustee Limited determines to be harbour quota under section 7 He Kawai Amokura means the report to the Minister of Fisheries referred to in paragraph (13) of the Preamble income share means an income share in Aotearoa Fisheries Limited individual transferable quota has the meaning given to it in section 2(1) of the Fisheries Act 1996 Inland Revenue Acts has the meaning given to it in section 3(1) of the Tax Administration Act 1994 inshore quota means— (a) (b) the settlement quota identified in Schedule 1 as IN; and the quota of any new quota management stocks brought into the quota management system under section 18 of the Fisheries Act 1996 that Te Ohu Kai Moana Trustee Limited determines to be inshore quota under section 7 interim coastline entitlement means a registered interim coastline entitlement obtained in accordance with Schedule 6 investment plan has the meaning set out in section 78
 iwi— (a) means an iwi listed in column 1 of Schedule 3; and (b) (c) includes all the members of that iwi; and as listed in the notes to Schedule 3, in relation to— (i) the iwi of Hauraki, means 1 or more of the iwi listed in note (1); and (ii) the iwi of Te Arawa, means 1 or more of the iwi listed in note (2) iwi register means the register set up by Te Ohu Kai Moana Trustee Limited in accordance with section 40 joint mandated iwi organisation has the meaning set out in section 19 17 Part 1 s 5 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 kaupapa means principle or principles mandated iwi organisation, in relation to an iwi, means an organisation rec- ognised by Te Ohu Kai Moana Trustee Limited under section 13(1) as the rep- resentative organisation of that iwi under this Act, and a reference to a manda- ted iwi organisation includes a reference to a recognised iwi organisation to the extent provided for by section 27 Maori has the meaning given to it in section 4 of Te Ture Whenua Maori Act 1993 member of an iwi means a person who affiliates to the iwi through descent from a primary ancestor of the iwi, or a person granted that status in accord- ance with kaupapa 6 of Schedule 7 Minister means the Minister of the Crown who, under the authority of any warrant or with the authority of the Prime Minister, is for the time being re- sponsible for the administration of this Act National Urban Maori Authority means the trust of that name established by trust deed dated 8 May 2003 Ngapuhi means the iwi listed under the heading “B—NGAPUHI” in Schedule 3 Ngati Hine means the group that is a member of Ngapuhi Ngati Kahungunu means the iwi listed under the heading “G—TAKITIMU” in Schedule 3 panui means a notice or other form of written communication population of an iwi has the meaning set out in section 10 private notice means a notice— (a) (b) sent by any means that is private to the recipient; and in the case of a notice given by a mandated iwi organisation, complies
 with kaupapa 4 of Schedule 7 public notice means a notice that— (a) is published in a newspaper generally circulating in the relevant area or areas; and (b) may also be published by panui or electronic media, including radio or television; and (c) in the case of a notice given by a mandated iwi organisation, complies with kaupapa 4 of Schedule 7 quota has the meaning given to it in section 2(1) of the Fisheries Act 1996 quota management area has the meaning given to it in section 2(1) of the Fisheries Act 1996 quota management stock has the meaning given to it in section 2(1) of the Fisheries Act 1996 18 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 5 quota management system has the meaning given to it in section 2(1) of the Fisheries Act 1996 quota share has the meaning given to it in section 42 of the Fisheries Act 1996 recognised iwi organisation means an organisation recognised by Te Ohu Kai Moana Trustee Limited under section 27 as the recognised iwi organisation for an iwi, and includes organisations listed in Schedule 4 register of iwi members means the register required by kaupapa 5 of Schedule 7 registered coastline entitlement means the proportion and equivalent number of quota shares for a particular stock that— (a) (b) (c) is determined by Te Ohu Kai Moana Trustee Limited under section 11; and is recorded in the iwi register by Te Ohu Kai Moana Trustee Limited under section 11(2)(b); and represents the allocation, to a named iwi, of settlement quota for the stock, determined by coastline length under subpart 2 of Part 3 representative Maori organisation means an organisation specified in Sched- ule 5 Rongomaiwahine means the group that is a member of Ngati Kahungunu settlement assets means— (a) (b) (c) the assets transferred to Te Ohu Kai Moana Trustee Limited under sec- tion 194(1)(c) (including Aotearoa Fisheries Limited and all its assets); and any further quota shares allocated to Te Ohu Kai Moana Trustee Limited under section 44 of
 the Fisheries Act 1996; and any New Zealand units allocated to Te Ohu Kai Moana Trustee Limited under the fishing allocation plan issued under the Climate Change Re- sponse Act 2002 settlement quota means quota shares that have a settlement quota interest registered against them settlement quota interest has the meaning given to it in section 2(1) of the Fisheries Act 1996 special resolution, in respect of Te Ohu Kai Moana Trustee Limited, means a resolution approved by 75% or more of the directors entitled to vote on the mo- tion specific power of sale means a power included in the constitutional documents of Te Ohu Kai Moana Trustee Limited or any entity within Te Ohu Kai Moana Group to provide by special resolution for the sale, in accordance with any spe- cified terms and conditions, of specified income shares or settlement quota 19 Part 1 s 5 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 statutory declaration means a declaration made before a person authorised under the Oaths and Declarations Act 1957 to take a declaration stock means quota management stock subcompany— (a) means a company, trust, or entity (whether or not it is a subsidiary of Aotearoa Fisheries Limited) over which Aotearoa Fisheries Limited— (i) (ii) controls, directly or indirectly, 50% or more of the votes; or appoints, or has the right to appoint, 50% or more of the directors, trustees, or office holders, as the case may be; and (b) includes— (i) (ii) a company that is a subsidiary of a subcompany; and a company, trust, or entity over which the sub-company has ef- fective control, as provided for in paragraph (a) subsidiary has the meaning given to it in section 5 of the Companies Act 1993 Te Kawai Taumata means the members of the group (or their alternate mem- bers) established in accordance with section 55 Te Ohu Kai Moana means the trust established in accordance with section 31 Te Ohu Kai Moana Group means Te Ohu Kai Moana Trustee Limited and every subsidiary, trust, or other
 entity over which it has effective control, in- cluding Aotearoa Fisheries Limited and its subcompanies, because in relation to that subsidiary, trust, or other entity, Te Ohu Kai Moana Trustee Limited— (a) (b) controls, directly or indirectly, 50% or more of the votes; or appoints 50% or more of the directors, trustees, or office holders, as the case may be Te Ohu Kai Moana Trustee Limited means the company established in ac- cordance with section 33 Te Putea Whakatupu Trust means the trust established in accordance with section 79 Te Putea Whakatupu Trustee Limited means the company established in ac- cordance with section 80 Te Wai Maori Trust means the trust established in accordance with section 92 Te Wai Maori Trustee Limited means the company established in accordance with section 93 tikanga Maori has the meaning given to it in section 4 of Te Ture Whenua Maori Act 1993 total allowable commercial catch has the meaning given to it in section 2(1) of the Fisheries Act 1996 20 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 8 Treaty of Waitangi Fisheries Commission means the Commission establish- ed under section 4 of the Maori Fisheries Act 1989 voting share means a voting share in Aotearoa Fisheries Limited wananga has the meaning given to it in section 159 of the Education Act 1989.
Section 5 settlement assets: substituted, on 8 December 2009, by section 87(2) of the Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 (2009 No 57).

6 Act binds the Crown This Act binds the Crown.
Subpart 2—Key concepts Classification of deepwater and inshore quota 7 (1) Classification of new quota If the responsible Minister declares under section 18 of the Fisheries Act 1996 that a stock is subject to the quota management system, Te Ohu Kai Moana Trustee Limited must, within 6 months of the notification of that declaration,— (a) (b) determine the appropriate classification for the stock in accordance with sections 8 and 9; and in accordance with section 8, determine, for every harbour specified in Schedule 2 that is within the relevant quota management area, either— (i) (ii) the quantity of harbour quota for the stock; or that there is no harbour quota for the stock; and (c) publish in the Gazette— (i) the classification of the stock; and (ii) whether harbour quota applies to that stock; and (iii) the quantity, if any, of each harbour quota for the stock.
(2) A Gazette notice under this section applies as if Part 2 of Schedule 1 and Part 2 of Schedule 2 were amended in accordance with determinations made under this section and sections 8 and 9.
8 (1) Basis for classifying stock under section 7 For the purpose of classifying stock under section 7, a stock for which Te Ohu Kai Moana Trustee Limited determines, on the basis of scientific or anecdotal evidence, that the commercial catch during the 5 fishing years prior to the dec- laration referred to in section 7(1) was entirely taken— (a) (b) (c) at depths greater than 400 m from the surface, must be classified as deepwater: at depths less than 200 m from the surface, must be classified as inshore: in freshwater, must be classified as freshwater.
21 Part 1 s 9 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (2) (3) For each stock, if any commercial catch was taken during the 5 fishing years prior to the declaration referred to in section 7(1) in any of the harbours listed in Schedule 2, Te Ohu Kai Moana Trustee Limited must determine a harbour quota.
In relation to each harbour listed in Schedule 2, the proportion of the available settlement quota that is to be classified as harbour quota for each stock must be the proportion of the total commercial catch of that stock taken in that harbour in the fishing year with the highest commercial catch in that harbour during the 5 fishing years prior to the declaration referred to in section 7(1).
(4) Harbour quota is calculated under subsection (3) in accordance with the fol- lowing formula: Harbour quota for the listed harbour = a b × c where— a b c is the highest commercial catch of a stock in a listed harbour in a fishing year during the 5 fishing years prior to the declaration referred to in sec- tion 7(1) is the total commercial catch of that stock in that year is the available settlement quota.
9 (1) (2) Alternative basis for classification of new quota This section applies when Te Ohu Kai Moana Trustee Limited is unable to classify a stock under section 8.
Te Ohu Kai Moana Trustee Limited must consider the evidence from the previ- ous 5 fishing years referred to in section 8(1) for the stock, and classify the stock as— (a) (b) (c) deepwater, if at least 75% of the commercial catch was taken in depths greater than 300 m from the surface; or inshore, if at least 75% of the commercial catch was taken in depths of 300 m or less from the surface; or freshwater, if at least 90% of the commercial catch was taken in fresh- water.
(3) If the classification cannot be determined under subsection (2), Te Ohu Kai Moana Trustee Limited must determine a classification, after taking into ac- count— the fishing gear used to take the stock; and the location where the stock was taken; and any other information that Te Ohu Kai Moana Trustee Limited considers to be relevant.
(a) (b) (c) 22 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 11 How iwi population and coastlines determined 10 (1) Population of an iwi In this Act,— (a) the population of an iwi is the notional iwi population as stated in col- umn 2 of Schedule 3; and (b) the notional iwi population— (i) (ii) binds all iwi; and applies irrespective of any multiple iwi affiliations or other census or other data.
(2) However, that notional iwi population does not— (a) (b) (c) bind the iwi to which it relates or any other iwi in any matter that is be- fore the Waitangi Tribunal, the Maori Land Court, or any other court, other than under this Act; or bind, compromise, advantage or disadvantage, or operate as a precedent for any other matter; or affect any customary rights, aboriginal title rights, or any rights arising under the Treaty of Waitangi in relation to any other matter.
(3) Column 3 of Schedule 3 sets out the percentage that the notional population of each iwi bears to the total notional iwi population.

11 Registered coastline entitlements (1) A mandated iwi organisation, in order to obtain allocations of settlement quota based on coastlines under this Act, must make coastline claims for coastline entitlements for its iwi (including any interim and supplementary coastline en- titlements) in accordance with Part 1 of Schedule 6.
(2) Coastline entitlements must be— (a) determined by Te Ohu Kai Moana Trustee Limited in accordance with Schedule 6; and (b) recorded by Te Ohu Kai Moana Trustee Limited on the iwi register.

(3) Registered coastline entitlements are created under this Act for the sole pur- pose of calculating the amount of settlement quota to be allocated to iwi under subpart 2 of Part 3.
(4) However, those registered coastline entitlements do not— (a) (b) bind the iwi to which they relate or any other iwi in any matter that is before the Waitangi Tribunal, the Maori Land Court, or any other court, other than under this Act; or bind, compromise, advantage or disadvantage, or operate as a precedent for any other matter; or 23 Part 1 s 12 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (c) affect any customary rights, aboriginal title rights, or any rights arising under the Treaty of Waitangi in relation to any other matter.
Subpart 3—Iwi organisations Mandated iwi organisations 12 Functions and powers of mandated iwi organisations (1) Under this Act, a mandated iwi organisation must— (a) (b) (c) act for the benefit of all the members of the iwi, irrespective of where those members reside; and perform the functions and duties conferred on it by or under this Act; and except as restricted by section 23(2), represent its iwi by voting at any meeting convened under— (i) (ii) clause 1 or clause 6 of Schedule 8 to appoint or remove a member or alternate member of Te Kawai Taumata: clause 1 of Schedule 8 to appoint a member of a committee of representatives; and (d) ensure that it has 1 or more asset-holding companies that, in each case,— (i) (ii) is wholly owned by the mandated iwi organisation; and performs the functions and complies with the requirements set out in sections 16 to 18.
(2) A mandated iwi organisation may— (a) (b) (c) directly receive and hold, on behalf of its iwi, settlement assets allocated and grants made to that iwi by Te Ohu Kai Moana Trustee Limited, other than assets referred to in section 16(1)(c): receive distributions from Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited, as provided for under subparts 4 and 5 of Part 2: if relevant, enter into agreements with other mandated iwi organisations in relation to— (i) (ii) coastline claims under section 11: the allocation of— (A) (B) harbour quota under section 143: freshwater quota under section 148: (d) establish companies to undertake fishing and fisheries-related activities, including, but not limited to, any activity related to the seafood industry: (e) perform other functions provided for by or under this Act.
24 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 15 13 Recognition of mandated iwi organisations (1) As soon as is reasonably practicable after Te Ohu Kai Moana Trustee Limited is satisfied that an iwi or a withdrawing group has established an organisation that meets the criteria specified in section 14 or section 21(1), as the case may be, or that an iwi has an iwi governance entity that meets the criteria specified in section 15, Te Ohu Kai Moana Trustee Limited must, by special reso- lution,— (a) (b) recognise 1 mandated iwi organisation for that iwi or withdrawing group, as the case may be; and record its recognition of that mandated iwi organisation in the iwi regis- ter.
(2) Te Ohu Kai Moana Trustee Limited must not recognise more than 1 mandated iwi organisation for an iwi.
14 Criteria for recognition of mandated iwi organisation The criteria for recognition and continuing recognition of a mandated iwi or- ganisation under section 13(1) are that— (a) (b) (c) the organisation is a company, trust, body corporate set up under an en- actment, or incorporated society; and the constitutional documents of the organisation comply with section 17; and the directors, trustees, or office holders, as the case may be, are able to demonstrate that, for the purposes of their responsibilities under this Act, they have been duly elected or appointed in accordance with the consti- tutional documents of the organisation; and (d) the organisation has a register of iwi members that— (i) (ii) complies with kaupapa 5 of Schedule 7; and has no fewer than the minimum number of members specified in column 4 of Schedule 3.
15 Recognition of iwi governance entity Te Ohu Kai Moana Trustee Limited must, if requested, recognise an iwi gov- ernance entity as a mandated iwi organisation under section 13(1) if, before the commencement of this Act, that entity meets the following criteria: (a) (b) (c) it has been approved as a governance entity of the iwi for the purposes of the settlement of the historical Treaty of Waitangi claims of that iwi, as perfected through the enactment of legislation; and it represents an iwi listed in Schedule 3; and it complies with section 14(a); and 25 Part 1 s 16 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (d) (e) (f) it has established 1 or more asset-holding companies as required by sec- tion 12(1)(d); and it has directors, trustees, or office holders, as the case may be, who are elected in a manner that complies with the kaupapa of Schedule 7; and it has a dispute resolution mechanism that complies with kaupapa 8 of Schedule 7.
16 Functions and powers of asset-holding companies (1) An asset-holding company required by section 12(1)(d) must— (a) (b) (c) be and remain wholly owned by the mandated iwi organisation that es- tablished the company; and have constitutional documents that comply with section 17; and receive and hold, on behalf of the mandated iwi organisation that owns the company, for so long as they are to be retained, all settlement quota and income shares allocated by Te Ohu Kai Moana Trustee Limited to, or otherwise acquired by, the iwi under this Act; and (d) provide dividends solely to the mandated iwi organisation owning the asset-holding company; and (e) not undertake fishing or hold a fishing permit.
(2) However, an asset-holding company— (a) must not enter into any transaction relating to or affecting the income shares it holds unless the mandated iwi organisation has complied with its obligations under sections 69 to 72; and (b) in its function of receiving and holding settlement quota and income shares, is bound by all the requirements specified for mandated iwi or- ganisations in relation to those matters.
(3) An asset-holding company may— (a) (b) establish 1 or more subsidiaries to be its subsidiary asset-holding com- panies; and transfer to a subsidiary some or all of the assets received under subsec- tion (1)(c).
(4) A subsidiary established under subsection (3)(a) must— (a) (b) (c) be and remain wholly owned by the asset-holding company that estab- lished it, and receive and hold, on behalf of the asset-holding company, settlement quota and income shares transferred to it by the asset-holding company under subsection (3)(b); and provide dividends solely to the mandated iwi organisation owning the asset-holding company that established the subsidiary; and 26 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 17 17 (1) (2) (d) (e) comply with subsection (2); and not undertake fishing or hold a fishing permit.
Constitutional documents Every mandated iwi organisation, asset-holding company, and subsidiary of an asset-holding company must have 1 or more constitutional documents that comply with, and implement, the kaupapa set out in Schedule 7.
The constitutional documents referred to in subsection (1) are of no effect under this Act until— (a) they are approved as complying with the requirements of this Act,— (i) (ii) in the case of a mandated iwi organisation, by Te Ohu Kai Moana Trustee Limited; and in the case of each asset-holding company and subsidiary of an as- set-holding company, by the mandated iwi organisation that owns the asset-holding company; and (b) they are ratified,— (i) in the case of a mandated iwi organisation, by not less than 75% of the adult members of the iwi who vote— (A) in person at a general meeting called for the purpose of adopting a constitution; or (B) by postal ballot; and (ii) in the case of each asset-holding company and subsidiary of an as- set-holding company, by not less than 75% of the directors, trust- ees, or office holders of the mandated iwi organisation that owns the asset-holding company.
(3) Notice of the meeting referred to in subsection (2)(b)(i)(A) must comply with kaupapa 4(2) of Schedule 7.
(4) As soon as is reasonably practicable after the constitutional documents of an asset-holding company or subsidiary of an asset-holding company have been approved in accordance with subsection (2)(a)(ii) and ratified in accordance with subsection (2)(b)(ii), the mandated iwi organisation that owns the asset- holding company must— (a) (b) advise Te Ohu Kai Moana Trustee Limited that the constitutional docu- ments have been approved and ratified; and provide documentation to Te Ohu Kai Moana Trustee Limited, supported by a statutory declaration if Te Ohu Kai Moana Trustee Limited so re- quests, as may be necessary to establish that the constitutional docu- ments of its asset-holding company, and any subsidiary of the asset-hold- ing company, comply with the requirements of subsection (2)(a)(ii) and 27 Part 1 s 18 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b)(ii), and, in the case of amendments to a constitutional document, with the requirements of section 18.
(5) This section does not apply to an iwi governance entity recognised by Te Ohu Kai Moana Trustee Limited as a mandated iwi organisation because it meets the criteria set out in section 15.

(6) However, this section does apply to— (a) an asset-holding company of a mandated iwi organisation referred to in subsection (5); and 18 (1) (b) any subsidiary of that asset-holding company.
Changes to constitutional documents To the extent that the constitutional documents of a mandated iwi organisation, asset-holding company, or subsidiary of an asset-holding company relate to matters provided for by or under this Act, a proposal to change those docu- ments— (a) must not be inconsistent with this Act; and (b) unless the change is required as a consequence of a rule made or amen- ded under section 25,— (i) must not be made earlier than 2 years after the date on which the mandated iwi organisation is recognised by Te Ohu Kai Moana Trustee Limited under section 13(1); and (ii) may only be promoted if the iwi resolves at a general meeting of the mandated iwi organisation that the change is for the collective benefit of all members of the iwi.
(2) Section 17(2) and (3) applies, with the necessary modifications, to changes proposed under this section for constitutional documents or required as a con- sequence of rules made or amended in accordance with section 25.

New mandated iwi organisation may replace existing mandated iwi organisation Heading: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
18A Interpretation In sections 18A to 18G,— existing organisation has the meaning given by section 18B(1) new organisation has the meaning given by section 18B(1) specified income shares means the income shares received under this Act and held by an asset-holding company of the existing organisation specified settlement assets means the specified settlement quota and specified income shares of the existing organisation 28 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 18B specified settlement quota means the settlement quota received under this Act and held by an asset-holding company of the existing organisation.
Section 18A: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).

18B Requirements for recognition of new mandated iwi organisation (1) An organisation may be recognised as the mandated iwi organisation (new or- ganisation) of an iwi in place of the existing mandated iwi organisation (exist- ing organisation) if the requirements of this section, and section 18C (if ap- plicable), are met.
(2) The new organisation must— (a) meet the criteria in section 14, and have 1 or more asset-holding com- panies (as required by section 12(1)(d)); or (b) have met the criteria in section 15 before the commencement of this Act.

(3) The 1 or more asset-holding companies of the new organisation that are to re- ceive the transfer of the specified settlement assets under section 18E(3) must comply with section 17(1).
(4) The existing organisation must— (a) (b) notify the proposal to have the new organisation recognised to the adult members of the iwi in accordance with subclause (4) of kaupapa 4 of Schedule 7; and obtain approval for the proposal from not less than 75% of the adult members of the iwi who vote— (i) at a general meeting of the existing organisation called for the pur- pose; or (ii) by postal ballot.
(5) A notice given under subsection (4)(a) must— (a) (b) specify the name of the new organisation; and state that, if the proposal is approved and Te Ohu Kai Moana Trustee Limited is satisfied that the requirements for recognition are met and au- thorises the transfer of the relevant settlement assets, the following things may happen: (i) (ii) the new organisation is recognised as the mandated iwi organisa- tion for the iwi in place of the existing organisation; and the settlement quota and income shares received under this Act and held by an asset-holding company of the existing organisation are transferred to an asset-holding company of the new organisa- tion.
Section 18B: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).

29 Part 1 s 18C Maori Fisheries Act 2004 Reprinted as at 1 April 2014 18C Requirements relating to constitutional documents of new organisation (1) (2) (3) (4) (5) This section applies if the new organisation seeks recognition by meeting the criteria in section 14.
The existing organisation is responsible for ensuring that the constitutional documents of the new organisation comply with section 17 (as required by sec- tion 14(b)).

The existing organisation must first have the constitutional documents ap- proved by Te Ohu Kai Moana Trustee Limited for the purposes of section 17(2)(a)(i).

The existing organisation must then have the constitutional documents ratified for the purposes of section 17(2)(b)(i).
The constitutional documents must be ratified at the same general meeting, or by the same postal ballot, that approves the proposal to have the new organisa- tion recognised.

(6) Notice of the proposed ratification must be given together with notice of the proposal to have the new organisation recognised, in accordance with sub- clause (4) of kaupapa 4 of Schedule 7 (and despite section 17(3)).
Section 18C: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).

18D Proposed transfer date if recognition requirements met (1) As soon as is reasonably practicable after Te Ohu Kai Moana Trustee Limited is satisfied that the requirements of section 18B, and section 18C (if applic- able), are met, it must give written notice of that fact to the existing organisa- tion.
(2) (3) The existing organisation may, after receiving the written notice, give Te Ohu Kai Moana Trustee Limited at least 3 months’ written notice of the date on which the specified settlement assets are proposed to be transferred under sec- tion 18E(3) (the proposed transfer date).

The proposed transfer date must be no later than 15 months after the date upon which the proposal to have the new organisation recognised was approved under section 18B(4).
Section 18D: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
18E Recognition of new mandated iwi organisation and transfer of specified settlement assets (1) This section applies only if— (a) the existing organisation has given notice of a proposed transfer date under section 18D(2); and (b) before the proposed transfer date, Te Ohu Kai Moana Trustee Limited— 30 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 18F (i) (ii) has authorised (for the purposes of section 158(1)(a)) the transfer of the specified settlement quota to 1 or more asset-holding com- panies of the new organisation; and has authorised the transfer of the specified income shares to 1 or more asset-holding companies of the new organisation.
(2) Te Ohu Kai Moana Trustee Limited must, on the proposed transfer date,— (a) do the following things under section 13(1): (i) (ii) recognise the new organisation as the mandated iwi organisation for the iwi in place of the existing organisation; and record its recognition of the new organisation in the iwi register; and (3) (4) (5) (b) remove its recognition of the existing organisation from the iwi register.
The existing organisation must ensure that all the specified settlement assets are transferred to the 1 or more asset-holding companies of the new organisa- tion on the proposed transfer date in accordance with the authorisations refer- red to in subsection (1)(b).

Te Ohu Kai Moana Trustee Limited must contribute its part of the joint appli- cation required by section 158(2) to transfer the specified settlement quota.
The new organisation must, as soon as is reasonably practicable after the speci- fied income shares have been transferred, give written notice of the transfer to Aotearoa Fisheries Limited.

Section 18E: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
18F Certain effects of recognition of new organisation (1) From the time that a new organisation is recognised in place of an existing or- ganisation under section 18E(2),— (a) (b) (c) the new organisation is the mandated iwi organisation of the relevant iwi for the purposes of this Act; and any registered coastline entitlement held by the existing organisation is to be treated as a registered coastline entitlement held by the new organ- isation; and any coastline claim, agreement, or written statement of the existing or- ganisation under Part 1 of Schedule 6 is to be treated as a coastline claim, agreement, or written statement of the new organisation.
(2) However, to avoid doubt, section 136(1)(b) does not require the specified settlement quota to be transferred to the new organisation under that provision.

(3) Subpart 2 of Part 4 does not apply to, and section 136(1)(a) does not prevent, the transfer of the specified settlement quota under section 18E(3).

31 Part 1 s 18G Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (4) Sections 69 to 73 do not apply to the transfer of the specified income shares under section 18E(3).
Section 18F: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).

18G Remedy if specified settlement assets not transferred (1) This section applies if all the specified settlement assets are not transferred on the proposed transfer date as required by section 18E(3).
(2) The Court may make orders as it thinks fit, including— (a) (b) (c) an order to cancel a transaction or contract for the transfer of any speci- fied settlement assets: an order to vest any specified settlement assets in an asset-holding com- pany of the existing organisation or of the new organisation: an order to vest any consideration for the transaction or contract in the new organisation: (d) an order directing Te Ohu Kai Moana Trustee Limited— (i) (ii) to recognise the new organisation as the mandated iwi organisa- tion for the iwi in place of the existing organisation in accordance with section 18E(2)(a) and (b); or to reverse any such recognition so that the existing organisation is reinstated as the mandated iwi organisation for the iwi: (e) (f) any other order, if the new organisation has on-sold, or has granted any interest in or security over, any specified settlement assets: an order that the costs of the applicant be met by the parties to the trans- action or contract.
(3) Orders made under subsection (2) may be made— (a) on the application of— (i) (ii) a party; or an adult member of an iwi whose mandated iwi organisation is a party; or (iii) a mandated iwi organisation; or (iv) Te Ohu Kai Moana Trustee Limited; and (b) on the terms and conditions that the Court thinks fit, so long as the result is the following: (i) (ii) all specified settlement assets are vested in an asset-holding com- pany of either the existing organisation or the new organisation; and that organisation is recognised as the mandated iwi organisation for the iwi.
32 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 20 (4) If Te Ohu Kai Moana Trustee Limited reverses recognition of the new organ- isation in accordance with an order of the Court,— (a) (b) the recognition of the existing organisation is to be treated as having continued as if the new organisation had never been recognised; and the effects under section 18F(1) of recognising the new organisation are to be treated as if they had never occurred.
Section 18G: inserted, on 16 September 2011, by section 4 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
Provisions allowing for reorganisation of specified mandated iwi organisations 19 Interpretation In this Act,— joint mandated iwi organisation means the first mandated iwi organisation recognised under section 13(1), or a new organisation recognised in place of that organisation under section 18E(2), for— (a) (b) (c) the iwi of Hauraki listed in note (1) to Schedule 3: the iwi of Te Arawa listed in note (2) to Schedule 3: Ngapuhi (including Ngati Hine): (d) Ngati Kahungunu (including Rongomaiwahine) withdrawing group means— (a) (b) (c) in the case of the iwi of Hauraki or the iwi of Te Arawa, any iwi that withdraws from the joint mandated iwi organisation in accordance with the constitutional documents of the joint mandated iwi organisation as provided for under section 20; and in the case of Ngapuhi, Ngati Hine if it withdraws from Ngapuhi in ac- cordance with the constitutional documents of the joint mandated iwi or- ganisation of Ngapuhi as provided for under section 20; and in the case of Ngati Kahungunu, Rongomaiwahine if it withdraws from Ngati Kahungunu in accordance with the constitutional documents of the joint mandated iwi organisation of Ngati Kahungunu as provided for under section 20.
Section 19 joint mandated iwi organisation: amended, on 16 September 2011, by section 5 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
20 Withdrawal of group from joint mandated iwi organisation (1) In addition to the matters required for the constitutional documents of a manda- ted iwi organisation under section 17, the constitutional documents of a joint mandated iwi organisation must provide,— 33 Part 1 s 20 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) (b) (c) in the cases of the iwi of Hauraki and the iwi of Te Arawa, for any iwi to withdraw, if it so chooses, from the relevant joint mandated iwi organisa- tion; and in the case of Ngapuhi, for Ngati Hine, if it so chooses, to withdraw from the joint mandated iwi organisation of Ngapuhi; and in the case of Ngati Kahungunu, for Rongomaiwahine, if it so chooses, to withdraw from the joint mandated iwi organisation of Ngati Kahungu- nu.
(2) The constitutional documents of each joint mandated iwi organisation must al- so provide— (a) the process that a withdrawing group must undertake in order to with- draw, including giving notice of its intention to withdraw to— (i) (ii) Te Ohu Kai Moana Trustee Limited; and the relevant joint mandated iwi organisation; and (b) (c) the process for determining, consistently with the provisions of Part 3, the matters set out in subsection (3); and the criteria that must be met by the withdrawing group in order to com- plete the process of withdrawal, including having a mandated iwi organ- isation recognised by Te Ohu Kai Moana Trustee Limited in accordance with section 13(1).
(3) The matters that must be determined by the process provided for under subsec- tion (2)(b) are— (a) (b) the amount of the notional iwi population specified in column 2 of Schedule 3 for an iwi that must, in each case, be attributed to any with- drawing group; and the division of settlement assets that must be made between the joint mandated iwi organisation and a withdrawing group, including the pro- portion that the withdrawing group is entitled to receive of— (i) (ii) the settlement assets of the joint mandated iwi organisation, on the date when the withdrawal is complete; and other settlement assets that the joint mandated iwi organisation re- ceives— (A) (B) under sections 36(1)(f)(ii), 43, 84(1)(g), and 96(1)(g); and as a consequence of the allocation and transfer of settlement assets under subparts 1 and 2 of Part 3, including quota shares in respect of new species introduced into the quota management system and transferred to Te Ohu Kai Moana Trustee Limited under section 44 of the Fisheries Act 1996.
In determining the amount of the notional iwi population to be attributed to a withdrawing group under subsection (3)(a) and the proportion of the settlement (4) 34 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 21 assets that a withdrawing group must receive under subsection (3)(b), a joint mandated iwi organisation and a withdrawing group may use any relevant in- formation, including the relevant data from the census of 2001 or 2006 (but no other census data).
(5) If a withdrawing group chooses to withdraw from its joint mandated iwi organ- isation, it must commence the process of withdrawal, in accordance with the process provided for under subsection (2)(a), not later than 5 years after the recognition of the relevant joint mandated iwi organisation under section 13(1).
21 Recognition of mandated iwi organisation of withdrawing group (1) Despite section 13(2), if a withdrawing group notifies in accordance with sec- tion 20(2)(a) its intention to withdraw from a joint mandated iwi organisation, Te Ohu Kai Moana Trustee Limited must recognise under section 13(1) a man- dated iwi organisation for the withdrawing group if the withdrawing group has set up an organisation that meets— (a) (b) the criteria of section 14 (other than section 14(d)(ii)); and the following further criteria: (i) it has on its register of iwi members no fewer than the minimum number of persons specified in column 4 of Schedule 3, in the proportion that the amount attributed to the withdrawing group under section 20(3)(a) represents of the notional iwi population specified in column 2 of Schedule 3, calculated in accordance with the formula— a b × c where— a b c is the amount attributed to the withdrawing group under section 20(3)(a) is the total notional population for the iwi set out in column 2 of Schedule 3 is the minimum number of members specified in column 4 of Schedule 3; and (ii) it has an asset-holding company, as required by section 12(1)(d).
(2) Despite subsection (1), if a group has withdrawn from a joint mandated iwi or- ganisation as provided for under section 20, settlement assets must be distrib- uted under section 36(1)(f)(ii), allocated and transferred under section 43 or Part 3, or payments must be made under section 84(1)(g) or section 96(1)(g), as the case may be, to the relevant joint mandated iwi organisation as if no group had withdrawn from that joint mandated iwi organisation.
35 Part 1 s 22 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 22 Transfer of assets (1) A joint mandated iwi organisation must not transfer to a withdrawing group the assets referred to in section 20(3)(b) until the withdrawing group has comple- ted the process of withdrawal in accordance with the criteria provided for under section 20(2)(c).
(2) A transfer of assets referred to in subsection (1) must be— (a) (b) free of charge to the withdrawing group, other than reasonable adminis- trative costs; and treated as if it were between wholly-owned asset-holding companies of the joint mandated iwi organisation.
23 (1) Voting rights The mandated iwi organisation of a withdrawing group, after it has completed the process of withdrawal provided for under section 20(2)(c),— (a) has all the voting rights of a mandated iwi organisation under this Act; and (b) may exercise those rights from the date when it has completed the process of withdrawal.
(2) However, only the joint mandated iwi organisation may exercise voting rights in respect of an appointment or removal at a meeting convened under— (a) (b) clause 1 or clause 6 of Schedule 8 to appoint or remove a member or al- ternate member of Te Kawai Taumata; or clause 1 of Schedule 8 to appoint a member of a committee of represen- tatives, as provided for by section 117(1).
(3) For the purposes of sections 115(2), 127(3), 137(2)(b), and 138(3)(b),— (a) (b) the notional iwi population represented by the mandated iwi organisation of any withdrawing group is the amount attributed to the withdrawing group under section 20(3)(a), and the notional iwi population represented by the joint mandated iwi organ- isation is the number stated in column 2 of Schedule 3, after subtracting the amount attributed, under section 20(3)(a), to the withdrawing group.
Status of Ngati Hine and Rongomaiwahine If Ngati Hine withdraws from the joint mandated iwi organisation of Ngapuhi in accordance with the constitutional documents of Ngapuhi, Ngati Hine be- comes, upon completion of its withdrawal, an iwi for the purposes of this Act as if it were listed in Group B—NGAPUHI of Schedule 3.
If Rongomaiwahine withdraws from the joint mandated iwi organisation of Ngati Kahungunu in accordance with the constitutional documents of Ngati Kahungunu, Rongomaiwahine becomes, upon completion of its withdrawal, an 24 (1) (2) 36 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 1 s 27 (3) 25 26 (1) (2) 27 (1) (2) iwi for the purposes of this Act as if it were listed in Group G—TAKITIMU of Schedule 3.

Subsections (1) and (2) do not override section 21(2).
Further criteria may be prescribed For the purpose of recognising and continuing to recognise mandated iwi or- ganisations under section 13(1), Te Ohu Kai Moana Trustee Limited may make or amend rules in accordance with section 54 in respect of the criteria or re- quirements that apply to mandated iwi organisations and their constitutional documents.
Benefit to persons who are not members of iwi The constitutional documents of a mandated iwi organisation may permit the organisation to benefit— (a) Maori who are not members of the iwi: (b) the community generally.
If the constitutional documents of a mandated iwi organisation make provision as contemplated by subsection (1), that does not disqualify the organisation from being recognised as a mandated iwi organisation or affect the validity of its constitutional documents, to the extent that they relate to matters provided for by or under this Act.
Recognised iwi organisations Functions and powers of recognised iwi organisations This section and section 28 apply to the organisations listed in Schedule 4, each of which is a recognised iwi organisation for the matters listed in subsection (3), but only until there is a mandated iwi organisation for the iwi.
In addition to the recognised iwi organisations listed in Schedule 4, Te Ohu Kai Moana Trustee Limited may recognise other organisations as recognised iwi organisations for the matters listed in subsection (3), so long as there is only 1 recognised iwi organisation for an iwi.
(3) A recognised iwi organisation has the functions and powers of a mandated iwi organisation, including the right— (a) (b) (c) (d) to receive all documents, reports, and notices that must be provided to mandated iwi organisations under Part 2; and to participate in the process for offering annual catch entitlement provi- ded for in section 152; and to participate in the process for resolving a dispute referred to in section 180(1)(b), (d), (e), (g), (h), (i), (k), or (l); and to represent the iwi in consultation, negotiation, and proceedings relating to a matter listed in this subsection; and 37 Part 1 s 28 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (e) to represent its iwi by voting at any meeting convened under clause 1 or clause 6 of Schedule 8 to appoint or remove a member or alternate mem- ber of Te Kawai Taumata.
(4) However, a recognised iwi organisation does not have the right— (a) (b) (c) (d) (e) (f) (g) (h) to receive settlement quota; or to receive money under section 149 or section 150; or to purchase settlement quota; or to receive or purchase income shares, or to receive dividends relating to income shares; or to enter into binding agreements with other iwi over coastline claims; or to submit coastline claims to Te Ohu Kai Moana Trustee Limited for de- termination under section 11; or to enter into agreements for freshwater quota or harbour quota; or to nominate an entity with charitable status to receive distributions on the termination of— (i) (ii) Te Ohu Kai Moana, as provided for under section 36(1)(f)(ii): Te Putea Whakatupu Trust, as provided for under section 84(1)(g): (iii) Te Wai Maori Trust, as provided for under section 96(1)(g).
28 (1) Status of recognised iwi organisations Te Ohu Kai Moana Trustee Limited, mandated iwi organisations, and recog- nised iwi organisations must recognise and deal with a recognised iwi organisa- tion as if it were a mandated iwi organisation, including for the matters listed in section 27(3), until there is a mandated iwi organisation for the iwi.
(2) Despite the constitutional documents of a recognised iwi organisation, Te Ohu Kai Moana Trustee Limited may, if it considers in the circumstances that it is reasonably necessary, require the directors, trustees, or office holders of a rec- ognised iwi organisation to demonstrate that, in relation to their functions under this Act, they have the confidence of the majority of the adult members of the iwi who vote at a properly constituted general meeting to act on their behalf.
29 (1) Representative Maori organisations The organisations specified in Schedule 5 are representative Maori organisa- tions under this Act.

(2) A representative Maori organisation is entitled to participate in the proced- ures— (a) to appoint or remove a member or alternate member of Te Kawai Tau- mata, as provided for in Schedule 8; and 38 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 32 (b) to appoint a member of any committee of representatives established under section 116.
Part 2 Establishment and review of new entities 30 Outline of this Part This Part provides, in 6 subparts, for the establishment, audit, and review of the following new entities: (a) (b) (c) (d) Te Ohu Kai Moana and Te Ohu Kai Moana Trustee Limited; and Te Kawai Taumata; and Aotearoa Fisheries Limited; and Te Putea Whakatupu Trust and Te Putea Whakatupu Trustee Limited; and (e) Te Wai Maori Trust and Te Wai Maori Trustee Limited.
Subpart 1—Te Ohu Kai Moana and Te Ohu Kai Moana Trustee Limited Establishment of trust and trustee 31 (1) Te Ohu Kai Moana to be established The Treaty of Waitangi Fisheries Commission must, before the appointed day, establish by trust deed a trust called Te Ohu Kai Moana.
(2) Neither the rule against perpetuities nor any relevant provisions of the Perpetu- ities Act 1964— (a) (b) prescribe or restrict the period during which Te Ohu Kai Moana may exist in law; or apply to a document entered into to give effect to the Deed of Settlement (including the trust deed required to be entered into under subsection (1)) if the application of that rule or the provisions of that Act would otherwise make the document, or a right or obligation conferred by that document, invalid or ineffective.
32 Purpose of Te Ohu Kai Moana The purpose of Te Ohu Kai Moana is to advance the interests of iwi individual- ly and collectively, primarily in the development of fisheries, fishing, and fish- eries-related activities, in order to— (a) (b) (c) ultimately benefit the members of iwi and Maori generally; and further the agreements made in the Deed of Settlement; and assist the Crown to discharge its obligations under the Deed of Settle- ment and the Treaty of Waitangi; and 39 Part 2 s 33 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (d) contribute to the achievement of an enduring settlement of the claims and grievances referred to in the Deed of Settlement.
33 (1) (2) Trustee of Te Ohu Kai Moana Te Ohu Kai Moana must have only 1 trustee.

The trustee of Te Ohu Kai Moana must be a company formed under the Com- panies Act 1993 with the name Te Ohu Kai Moana Trustee Limited.
Duties and functions of trustee 34 Duties of Te Ohu Kai Moana Trustee Limited Te Ohu Kai Moana Trustee Limited must administer the settlement assets in ac- cordance with the purposes of this Act and the purpose of Te Ohu Kai Moana, including performing the following duties: (a) (b) (c) (d) (e) (f) (g) (h) as required by sections 7 and 196, to determine the appropriate classifi- cation of quota shares; and as required by section 157, to apply to register settlement quota interests against— (i) (ii) the quota shares listed in Schedule 1; and any quota shares allocated under section 44 of the Fisheries Act 1996; and to allocate and transfer the settlement assets; and to manage on a transitional basis, collectively or separately as Te Ohu Kai Moana Trustee Limited considers appropriate, the settlement assets to be allocated to an iwi, until they are transferred to the mandated iwi organisation of the iwi; and to determine the coastline entitlements of iwi under section 11 and Schedule 6; and to maintain the iwi register required by section 40 and to record the mat- ters relating to mandated iwi organisations required by or under this Act; and if Te Ohu Kai Moana Trustee Limited is satisfied that each commercial fisher is wholly owned by 1 or more mandated iwi organisations, to ad- vise the chief executive of the Ministry of Fisheries as to those commer- cial fishers who are approved entities for the purposes of section 74(2A) of the Fisheries Act 1996; and to make extracts of the iwi register available, on request, to mandated iwi organisations or members of iwi, in accordance with any policy pre- pared under section 53; and 40 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 35 (i) to assist recognised iwi organisations to establish a register of iwi mem- bers that includes the contact details and date of birth for every person included in that register; and (j) to assist iwi to meet the requirements of sections 14, 17, and 130(3); and (k) where the lack of a mandated iwi organisation for an iwi
 prevents the mandated iwi organisation of another iwi from making its coastline claims under clause 3 of Schedule 6, Te Ohu Kai Moana Trustee Limited must give priority to assisting the iwi that does not have a mandated iwi organisation, as provided for in paragraph (j); and (l) (m) (n) (o) (p) (q) (r) to the extent that they relate to matters provided for by or under this Act, to approve constitutional documents under section 17 and any changes made under section 18 or required under section 25; and to appoint the directors of Aotearoa Fisheries Limited; and to establish Te Putea Whakatupu Trust, appoint the directors of Te Putea Whakatupu Trustee Limited, and make the payments required by section 90(1) and (3); and to establish Te Wai Maori Trust, appoint the directors of Te Wai Maori Trustee Limited, and make the payments required by section 103(1), (3), and (4); and to consider and, if satisfied, approve the annual plans of Te Putea Wha- katupu Trustee Limited and Te Wai Maori Trustee Limited; and to prepare the final financial statements of the Treaty of Waitangi Fisher- ies Commission, as provided for in section 197; and to perform any other duties prescribed by or under this Act or any other enactment.
35 Functions of Te Ohu Kai Moana Trustee Limited (1) As a means to further the purpose of Te Ohu Kai Moana, Te Ohu Kai Moana Trustee Limited may— (a) (b) (c) foster, promote, commission, or fund research into the sustainable man- agement of fisheries: in relation to fisheries, fishing, and fisheries-related activities, act to pro- tect and enhance the interests of iwi and Maori in those activities: in relation to other activities, so long as the nature of the business activ- ities of Te Ohu Kai Moana Group, taken as a whole, is not significantly changed from the primary focus on fisheries, fishing, or fisheries-related activities,— (i) approve other activities, including, but not limited to, activities re- lated to the seafood industry: 41 Part 2 s 36 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (ii) give prior approvals to specified entities of Te Ohu Kai Moana Group to conduct other activities up to thresholds specified by Te Ohu Kai Moana Trustee Limited: require mandated iwi organisations to demonstrate their progress in meeting the criteria and requirements set out in section 14, 17, or section 130(3)(b), as the case may be, before granting assistance under section 34(i) or (j): in accordance with the provisions of Part 4, acquire or dispose of income shares, settlement quota, and quota other than settlement quota, and sell annual catch entitlement generated by settlement quota or by quota other than settlement quota: perform the functions of the voting shareholder of Aotearoa Fisheries Limited: (d) (e) (f) (g) apply the funds of the trust by way of payments to— (i) (ii) mandated iwi organisations: Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited as specified in sections 90(5) and 103(6) respectively: (h) grant assistance, as permitted by or under this Act, to— (i) (ii) mandated iwi organisations: individual Maori and groups of Maori: (i) (j) maintain reserve funds to the extent that it considers prudent: perform any other functions permitted by or under this Act or any other
 enactment.
Te Ohu Kai Moana Trustee Limited must not undertake fishing or hold a fish- ing permit.

This section and section 34 do not limit the activities (other than fishing or holding a fishing permit) that Te Ohu Kai Moana Trustee Limited may under- take to further the purpose of Te Ohu Kai Moana.
Trust deed Trust deed of Te Ohu Kai Moana The trust deed of Te Ohu Kai Moana must— (a) (b) specify the purpose of Te Ohu Kai Moana as stated in section 32; and require Te Ohu Kai Moana Trustee Limited to develop— (i) (ii) an annual plan; and a 5-year strategic plan that is updated annually; and (2) (3) 36 (1) 42 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 36 (c) (d) (e) require Te Ohu Kai Moana Trustee Limited to circulate drafts of the plans referred to in paragraph (b) for comment, prior to their adoption by Te Ohu Kai Moana Trustee Limited, to— (i) (ii) mandated iwi organisations; and representative Maori organisations; and provide for the manner in which the trust deed may be varied and any restrictions on its variation; and provide for fees or remuneration for attendance at meetings, as the case may be, and reimbursing allowances or actual and reasonable expenses to be paid, in accordance with the provisions included in the annual plan of Te Ohu Kai Moana Trustee Limited under section 37(d) to (g), to— (i) (ii) (iii) (iv) the directors of Te Ohu Kai Moana Trustee Limited; and the directors of Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited; and the members and alternate members of Te Kawai Taumata; and the members of a committee of representatives; and (f) provide for— (i) (ii) the termination of Te Ohu Kai Moana; and on termination of that Trust, the distribution of the assets of the Trust, including capital and accumulated income, in the percentag- es specified in column 3 of Schedule 3,— (A) (B) (C) to each mandated iwi organisation that has charitable status; or in the case of a mandated iwi organisation that does not have charitable status, to an entity with charitable status nominated by the mandated iwi organisation to benefit the relevant iwi and its members; or if no mandated iwi organisation exists or no nomination is made under subsubparagraph (B), to an entity with charit- able status nominated by Te Ohu Kai Moana Trustee Limit- ed to benefit the relevant
 iwi and its members.
(2) The trust deed may— (a) (b) include any other matter that is not inconsistent with this Act; and be amended, subject to— (i) (ii) the purpose of Te Ohu Kai Moana; and any restrictions specified by the trust deed on the way it may be varied; and (iii) the provisions of this Act.

43 Part 2 s 37 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (3) A provision of the trust deed or an amendment to it has no effect to the extent that it is inconsistent with this Act.
37 Matters to be included in annual plan The trust deed of Te Ohu Kai Moana must require Te Ohu Kai Moana Trustee Limited to include in its annual plan for the relevant year— (a) whether Te Ohu Kai Moana Trustee Limited will hold and account sep- arately or collectively for— (b) (c) (d) (i) (ii) the net proceeds of sales referred to in section 152(4); and income shares and dividends referred to in section 153(1); and the matters referred to in section 152(5)(a) (which relates to the sale of annual catch entitlement) for the year to which the plan applies, unless those matters have been included in a panui; and the budget for Te Ohu Kai Moana Trustee Limited; and the budget to be paid by Te Ohu Kai Moana Trustee Limited for Te Ka- wai Taumata, as provided for under clause 19 of Schedule 8, including the daily rate for meetings payable to the members and alternate mem- bers of Te Kawai Taumata under clause 18 of Schedule 8; and (e) when relevant, the budget for— (i) (ii) a review under section 114(2) and (3)(a); and a committee of representatives, as provided for under section 115(1), including the daily rate for meetings payable to the mem- bers of a committee under section 120(4); and (f) the scale of fees (expressed in bands of $10,000) that applies for— (i) (ii) (iii) the directors of Te Ohu Kai Moana Trustee Limited, to be paid by Te Ohu Kai Moana Trustee Limited; and the directors of Te Putea Whakatupu Trustee Limited, to be paid by Te Putea Whakatupu Trustee Limited; and the directors of Te Wai Maori Trustee Limited, to be paid by Te Wai Maori Trustee Limited; and (g) the policy that must apply to the payments referred to in paragraphs (d), (e), and (f) of reimbursing allowances to, or actual and reasonable ex- penses of, the directors, members, and alternate members, as the case may be.
Annual report of Te Ohu Kai Moana Trustee Limited The trust deed of Te Ohu Kai Moana must set out the reporting obligations of Te Ohu Kai Moana Trustee Limited, as provided for in this section and section 39.
38 (1) 44 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 38 (2) In measuring its performance against the annual plan and strategic plan refer- red to in section 36(1)(b), Te Ohu Kai Moana Trustee Limited must report an- nually, not later than 5 months after the end of each financial year, to— (a) mandated iwi organisations and representative Maori organisations; and (b) the members and alternate members of Te Kawai Taumata.
(3) In each annual report required by subsection (2), Te Ohu Kai Moana Trustee Limited must— (a) describe any amendments made to the trust deed of Te Ohu Kai Moana; and (b) describe the key activities undertaken by— (i) (ii) Te Ohu Kai Moana Trustee Limited; and any subsidiary set up by Te Ohu Kai Moana Trustee Limited, in- cluding Aotearoa Fisheries Limited; and (iii) Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited; and (c) (d) (e) (f) (g) (h) describe any special resolution passed or approval granted during that year in respect of the matters referred to in section 35(1)(c); and separately describe each of the funds it has reserved under section 35(1)(i), the reason why each reserve fund is held, and any proposed ap- plications of those reserves; and separately describe each sale of income shares sold under section 71; and describe how the revenue from annual catch entitlements sold in the pre- vious year was used; and describe separately or collectively, as provided for in the annual plan, the income shares and dividends held under section 153(1); and describe separately, in relation to any loan referred to in section 75(4)(f),— (i) (ii) the capital sum of the loans; and the money received, in each case by way of capital repayments or interest; and (iii) loans written off or discharged; and (i) list any appointments made by Te Ohu Kai Moana Trustee Limited to the board of directors of Aotearoa Fisheries Limited, Te Putea Whakatupu Trustee Limited; and Te Wai Maori Trustee Limited.
(4) The annual report must include— (a) the audited financial statements of Te Ohu Kai Moana and Te Ohu Kai Moana Trustee Limited; and 45 Part 2 s 39 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b) a statement of— (i) (ii) the payments made under section 35(1)(g); and the fees (expressed in bands of $10,000) and the reimbursing al- lowances or actual and reasonable expenses paid to each of the directors of Te Ohu Kai Moana Trustee Limited, Te Putea Whaka- tupu Trustee Limited, and Te Wai Maori Trustee Limited; and (iii) the remuneration and reimbursing allowances or actual and rea- sonable expenses paid, collectively, to— (A) the members and alternate members of Te Kawai Taumata; and (B) the members of a committee of representatives.
39 (1) (2) 40 (1) (2) Consultation and other reporting obligations The trust deed must require Te Ohu Kai Moana Trustee Limited— (a) (b) to hold a general meeting, not later than 8 months after the end of each financial year, to discuss and address issues arising from the annual re- port; and to provide, in a timely manner, to mandated iwi organisations, represen- tative Maori organisations, and the members and alternate members of Te Kawai Taumata— (i) (ii) the minutes of every general meeting; and the annual report required by section 38, together with informa- tion on where the report is publicly available; and (iii) the annual and strategic plans referred to in section 36(1)(b).
This section does not limit any reporting obligations arising under any other enactment or rule of law.

Obligation to establish and maintain iwi register The trust deed of Te Ohu Kai Moana must include an obligation on Te Ohu Kai Moana Trustee Limited to establish and maintain an iwi register.

The purpose of the iwi register is to provide a record, in respect of each iwi, of the matters set out in subsection (3).
(3) Without limiting the scope of the iwi register, Te Ohu Kai Moana Trustee Limited must record in the iwi register— (a) (b) its recognition of mandated iwi organisations; and to the extent that the constitutional documents (and any amendments to them) relate to the matters provided for by or under this Act,— (i) its approval of the documents of mandated iwi organisations; and 46 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 42 (ii) the approval by mandated iwi organisations of the documents of their asset-holding companies and of any subsidiaries of those as- set-holding companies; and changes to the criteria or requirements that apply to mandated iwi organ- isations and their constitutional documents made in accordance with sec- tion 18; and its determinations on coastline entitlements or interim coastline entitle- ments made under clause 10A or 11 of Schedule 6; and the allocation of settlement assets to each iwi; and the transfer of those settlement assets to the mandated iwi organisation of the iwi or to an asset-holding company of the mandated iwi organisa- tion, as appropriate; and any transfer of settlement quota made in accordance with Part 4 that re- sults from a sale or exchange.
(c) (d) (e) (f) (g) Section 40(3)(d): amended, on 13 December 2006, by section 4 of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Review of revenue requirements In this section and sections 42 and 43,— loan funds means the funds identified in section 42(1)(c) revenue review means the review conducted in accordance with those sec- tions.
The trust deed of Te Ohu Kai Moana must include an obligation on Te Ohu Kai Moana Trustee Limited to commence and complete, during the 12th year after the commencement of this Act, a review of the revenue requirements of Te Ohu Kai Moana Trustee Limited.

Te Ohu Kai Moana Trustee Limited must include, in the next annual report af- ter the completion of the revenue review, a report on the findings and conclu- sions of the review.
Scope of revenue review The revenue review conducted under section 41 must consider and report on the following matters: (a) (b) (c) the activities that Te Ohu Kai Moana Trustee Limited must undertake in carrying out its duties and functions under this Act; and the revenue that is necessary to enable Te Ohu Kai Moana Trustee Limit- ed to carry out the activities identified under paragraph (a); and whether, in order to meet the revenue requirements identified under paragraph (b), it is necessary for Te Ohu Kai Moana Trustee Limited to continue to hold and receive any of the funds relating to the loans refer- red to in section 75(4)(f), as follows: 47 41 (1) (2) (3) 42 (1) Part 2 s 43 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (i) (ii) the capital funds of the loans: the income from the capital funds: (iii) the accumulated income from the loans.
(2) If Te Ohu Kai Moana Trustee Limited determines under subsection (1)(c) that it is necessary that it continue to hold and receive some or all of the loan funds, it must— (a) (b) state the period of time for which it will continue to do so; and complete a further revenue review before the expiry of the period of time provided for under paragraph (a).
(3) In conducting the revenue review, Te Ohu Kai Moana Trustee Limited must— (a) consult with mandated iwi organisations and representative Maori organ- isations; and (b) take their views into account.
43 Allocation and transfer of surplus loan funds If Te Ohu Kai Moana Trustee Limited determines, in the revenue review con- ducted under section 41, that some or all of the loan funds are not necessary to meet its revenue requirements identified under section 42(1)(b), Te Ohu Kai Moana Trustee Limited must allocate and transfer the surplus loan funds to mandated iwi organisations in the percentage specified for each iwi in column 3 of Schedule 3.
Te Ohu Kai Moana Trustee Limited 44 (1) Constitution of Te Ohu Kai Moana Trustee Limited Te Ohu Kai Moana Trustee Limited must have— (a) only 1 share that— (i) (ii) has no distribution rights; and is held jointly by the members of the board of Te Ohu Kai Moana Trustee Limited; and (b) a constitution that is consistent with this Act.
(2) The constitution must provide— (a) (b) (c) that the role of Te Ohu Kai Moana Trustee Limited is restricted to acting as the trustee of Te Ohu Kai Moana; and that Te Ohu Kai Moana Trustee Limited must have a board that consists of at least 6, and not more than 7, directors; and that an extraordinary vacancy of a director does not create a breach of the constitution, so long as— (i) there is an alternate for that director; and 48 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 44 (ii) a new director is appointed within 6 months of the vacancy aris- ing; and (d) that, in accordance with sections 46 to 49, Te Kawai Taumata— (i) must appoint the directors (except the first directors) of Te Ohu Kai Moana Trustee Limited; and (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (ii) may remove any director; and that each of the directors of Te Ohu Kai Moana Trustee Limited must be a Maori; and that, having regard to the purpose of Te Ohu Kai Moana, the directors of Te Ohu Kai Moana Trustee Limited collectively must have commercial expertise and business skills, and be well versed in matters of tikanga Maori; and a procedure for the appointment of an alternate for a director to attend and vote at meetings on behalf of that director; and a method by which the board of Te Ohu Kai Moana Trustee Limited must address conflicts of interest for its directors; and that no director of Te Ohu Kai Moana Trustee Limited may undertake any contract for services for Te Ohu Kai Moana Group; and the restrictions that apply to the chairperson and deputy chairperson of Te Ohu Kai Moana Trustee Limited in relation to any other appointment under this Act; and the criteria that must be taken into account when an alternate director is appointed and any restrictions on eligibility that apply to the appoint- ment of an alternate; and a procedure for amending the constitution of Te Ohu Kai Moana Trustee Limited; and that Te Ohu Kai Moana Trustee Limited must convene at least 1 general meeting each financial year; and that Te Ohu Kai
 Moana Trustee Limited must give public notice of not less than 20 working days that a general meeting is to be held and the agenda for that meeting, with separate written notice to— (i) each mandated iwi organisation and representative Maori organ- isation; and (ii) each member and alternate member of Te Kawai Taumata; and that Te Ohu Kai Moana Trustee Limited must put any written motion to a non-binding vote at a general meeting, provided the motion is suppor- ted by not less than 20% of the total number of mandated iwi organisa- tions; and (p) that Te Ohu Kai Moana Trustee Limited may be put into voluntary li- quidation only if Te Ohu Kai Moana is terminated; and 49 Part 2 s 45 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (q) a process for putting Te Ohu Kai Moana Trustee Limited into voluntary liquidation.
(3) The constitution must provide for a specific power of sale of income shares or settlement quota or both and may provide for a general power of sale of income shares or settlement quota or both, including in each case any terms and condi- tions as to the exercise of the power.

(4) A provision of the constitution of Te Ohu Kai Moana Trustee Limited is of no effect to the extent that it is inconsistent with this Act.
(5) Te Ohu Kai Moana Trustee Limited has full powers to act in its role as the trustee of Te Ohu Kai Moana.

Appointment of directors 45 (1) (2) (3) First directors of Te Ohu Kai Moana Trustee Limited The Minister of Maori Affairs must appoint the first directors of Te Ohu Kai Moana Trustee Limited.

The directors appointed under subsection (1) must not exercise any powers or functions as directors or take any other action before the appointed day.
Each director appointed by the Minister under subsection (1) must, immediate- ly before the appointed day, be a member of the Treaty of Waitangi Fisheries Commission.

(4) Despite section 47(1), 3 of the directors appointed under subsection (1) must be appointed for a term not exceeding 2 years, as specified by the Minister.

(5) 46 (1) (2) Before appointing the first directors, the Minister may consult any person he or she considers appropriate.
Subsequent appointments Te Kawai Taumata must, in accordance with this Act and the constitution of Te Ohu Kai Moana Trustee Limited, appoint to the board of Te Ohu Kai Moana Trustee Limited— (a) 3 directors to replace the directors whose terms expire under section 45(4); and (b) all other directors.
If at any time Te Kawai Taumata cannot make all the appointments necessary to fill the board of Te Ohu Kai Moana Trustee Limited, the members of Te Ka- wai Taumata (or their alternates) must nominate which of the directors will not be replaced for the time being.

47 Term of office of directors (1) A director is appointed under section 45(1) or section 46(1) for a term not ex- ceeding 4 years.
50 Reprinted as at 1 April 2014 (2) However, a director— Maori Fisheries Act 2004 Part 2 s 51 (a) who has held office for 2 consecutive full terms (disregarding any ap- pointment to fill a vacancy arising during the term of another director) is not eligible to be reappointed as a director within 2 years after ceasing to hold office; and (b) whose term of office expires, continues in office until his or her succes- sor is appointed in accordance with this Act and the constitution of Te Ohu Kai Moana Trustee Limited.
48 Eligibility for office of director (1) A person who is, or who has been within the previous 2 years, a member or alternate member of Te Kawai Taumata is not eligible for appointment as a dir- ector or alternate director of Te Ohu Kai Moana Trustee Limited or of a subsid- iary of Te Ohu Kai Moana Trustee Limited.
(2) If a director of Te Ohu Kai Moana Trustee Limited or of a subsidiary of Te Ohu Kai Moana Trustee Limited becomes a member or alternate member of Te Ka- wai Taumata, he or she must, within 5 working days, resign as a director or al- ternate director of Te Ohu Kai Moana Trustee Limited or of the subsidiary, as the case may be.
49 Removal of directors (1) A director appointed under section 45(1) may be removed from office by the Minister of Maori Affairs, without compensation, for disability affecting the performance of duty, neglect of duty, or misconduct, proved to the satisfaction of the Minister.

(2) A director appointed under section 46(1) may be removed from office, without compensation, at any time by Te Kawai Taumata in accordance with the consti- tution of Te Ohu Kai Moana Trustee Limited and Schedule 8.
50 Effect of vacancy in membership of Te Ohu Kai Moana Trustee Limited The functions and powers of Te Ohu Kai Moana Trustee Limited are not affec- ted by a vacancy in the membership of the board.
51 (1) Iwi register Documentation relating to iwi register Te Ohu Kai Moana Trustee Limited must preserve, for not less than 12 years from the date when the document comes into existence, every document rele- vant to the iwi register, in respect of— (a) (b) (c) iwi constitutional documents; and documents submitted in making a coastline claim under section 11; and records of the process by which coastline entitlements are determined by Te Ohu Kai Moana Trustee Limited; and 51 Part 2 s 52 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (2) 52 (1) (d) other documents that Te Ohu Kai Moana Trustee Limited considers rele- vant to the matters set out in section 40(3).
Te Ohu Kai Moana Trustee Limited may create summaries of the records listed in subsection (1) for the purpose of section 52.

Access to iwi register The iwi register must be available for access upon request by— (a) (b) (c) a mandated iwi organisation: a member of an iwi: the members and alternate members of Te Kawai Taumata.

(2) However, access to the iwi register may be restricted under a policy of Te Ohu Kai Moana Trustee Limited prepared under section 53.
53 (1) Policy on iwi register Te Ohu Kai Moana Trustee Limited may prepare a policy on the iwi register that includes— (a) rules on access to— (i) (ii) information on the register: documents that are relevant to, and included with, information on the register: (b) criteria that apply to— (i) (ii) protect the confidentiality of information in the iwi register: restrict access to the register: (c) the circumstances when only a summary of information on the iwi regis- ter will be accessible, and those when the full documentation will be ac- cessible: (d) when and where the iwi register may be accessed: (e) fees and charges that apply for supplying information requested from the iwi register.
(2) In preparing a policy on the iwi register, Te Ohu Kai Moana Trustee Limited must comply with the procedures set out in section 54.
Rule-making procedures Procedures for making or amending rules Te Ohu Kai Moana Trustee Limited may make or amend rules— (a) that change the procedures applying to the sale or exchange of settle- ment quota under Part 4: 54 (1) 52 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 56 (b) that affect the criteria or other requirements applying to the constitution- al documents of mandated iwi organisations in accordance with section 25: (c) that restrict access to the iwi register under section 52.
(2) (3) Te Ohu Kai Moana Trustee Limited must give notice in the Gazette of rules made or amended under subsection (1).
Before notifying a rule or an amendment under subsection (2), Te Ohu Kai Moana Trustee Limited must, in respect of the proposed rule or amendment,— (a) (b) (c) (d) (e) (f) identify the mandated iwi organisations that will be affected by the pro- posal; and inform them of the proposal; and if Te Ohu Kai Moana Trustee Limited will be a party affected by the pro- posal, inform the affected mandated iwi organisations of that fact; and allow not less than 20 working days for affected mandated iwi organisa- tions to make written submissions to Te Ohu Kai Moana Trustee Limited on the proposal; and take into account submissions made by mandated iwi organisations under paragraph (d); and notify the affected mandated iwi organisations of significant issues raised by the submissions and how those issues were taken into account.
(4) Rules must not be inconsistent with this Act or any other enactment or rule of law.

Subpart 2—Te Kawai Taumata 55 (1) (2) (3) 56 (1) Establishment of Te Kawai Taumata The chairperson of the board of Te Ohu Kai Moana Trustee Limited must by written notice request those with responsibility under clause 1 of Schedule 8 to commence the process to appoint the members and alternate members of Te Kawai Taumata.
The duty under subsection (1) must be completed not later than 6 months be- fore the term of office expires under section 45(4) for 3 directors of Te Ohu Kai Moana Trustee Limited.

Schedule 8 applies to the members and alternate members of Te Kawai Tauma- ta.
Sole function of Te Kawai Taumata The sole function of the members and alternate members of Te Kawai Taumata is to appoint and remove directors of Te Ohu Kai Moana Trustee Limited in accordance with— (a) the requirements of this Act; and 53 Part 2 s 57 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b) the constitution of Te Ohu Kai Moana Trustee Limited.
(2) In carrying out their function under subsection (1), the members and alternate members of Te Kawai Taumata,— (a) are not subject to directions from the board of Te Ohu Kai Moana Trust- ee Limited or any of its directors; and (b) may collectively seek advice from any source they consider appropriate; and (c) must act in a manner that is consistent with achieving the purpose of Te Ohu Kai Moana; and (d) must receive audit reports under section 113 and review reports under section 125, and may comment on the review reports as provided for by section 127(1), to the extent that the review reports are concerned with the role, activities, or performance of Te Kawai Taumata.
57 Membership of Te Kawai Taumata (1) Te Kawai Taumata must have not more than 11 members, and not fewer than 6, together with an alternate member for each member.

(2) One member of Te Kawai Taumata, and an alternate for that member, may be appointed, in accordance with clauses 1 to 3 of Schedule 8, by— (a) (b) each of the groups of iwi set out in column 1 of Schedule 3; and the group of representative Maori organisations listed in Schedule 5.
(3) All members of Te Kawai Taumata and their alternates must be Maori.

58 Alternate members of Te Kawai Taumata (1) An alternate member may act in place of the member, but only if the member is unable by illness, absence, or other reason to act as a member.
(2) The death, resignation, or removal from office of a member does not cause the removal from office of that member’s alternate member, until the new member and his or her alternate member are appointed, which must not be later than 6 months after the death, resignation, or removal from office of the member.
59 Eligibility for membership of Te Kawai Taumata (1) Any Maori is eligible for appointment as a member or alternate member of Te Kawai Taumata if,— (a) (b) in the case of a person appointed by mandated iwi organisations, a ma- jority of the mandated iwi organisations in the group have voted for that person; or in the case of a person appointed by the representative Maori organisa- tions, a majority of those organisations have voted for that person; or 54 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 60 (c) in the case of the person appointed by Ngapuhi, a majority of the direct- ors, trustees, or office holders of the Ngapuhi mandated iwi organisation have voted for that person.
(2) A person is not eligible to be a member or alternate member of Te Kawai Tau- mata at the same time as he or she is a director of— (a) Te Ohu Kai Moana Trustee Limited; or (b) Aotearoa Fisheries Limited or any other subsidiary of Te Ohu Kai Moa- na Trustee Limited; or a subcompany; or Te Putea Whakatupu Trustee Limited; or Te Wai Maori Trustee Limited.
(c) (d) (e) (3) If subsection (2) is breached, the member or alternate member of Te Kawai Taumata must, within 5 working days, resign as a director of any company lis- ted in that subsection.
Subpart 3—Aotearoa Fisheries Limited Establishment 60 (1) Establishment of Aotearoa Fisheries Limited Before the appointed day, unless it has done so before the commencement of this Act, the Treaty of Waitangi Fisheries Commission must form a company under the Companies Act 1993 with the name Aotearoa Fisheries Limited.
(2) Aotearoa Fisheries Limited must have— (a) voting shares that have— (i) all the rights to vote under the Companies Act 1993, except those under section 207P of that Act, subject to the decisions taken by income shareholders using their rights under the constitution of Aotearoa Fisheries Limited; but (ii) no rights to distributions from Aotearoa Fisheries Limited; and (b) income shares that have— (i) (ii) equal distribution rights; and sole rights to vote under section 207P of the Companies Act 1993.
(3) To avoid doubt, Aotearoa Fisheries Limited is not the company of the same name referred to in section 12 of the Maori Fisheries Act 1989.

Section 60(2)(a)(i): amended, on 1 April 2014, by section 126 of the Financial Reporting (Amend- ments to Other Enactments) Act 2013 (2013 No 102).

Section 60(2)(b)(ii): amended, on 1 April 2014, by section 126 of the Financial Reporting (Amend- ments to Other Enactments) Act 2013 (2013 No 102).
55 Part 2 s 61 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Duty of Aotearoa Fisheries Limited 61 Duty of Aotearoa Fisheries Limited (1) Aotearoa Fisheries Limited must manage its assets in a commercial manner.

(2) Despite section 35(2), in carrying out its duty under subsection (1), Aotearoa Fisheries Limited and its subcompanies may undertake— (a) (b) fishing and fisheries-related activities: other activities including, but not limited to, activities related to the sea- food industry.
(3) However, Aotearoa Fisheries Limited and its subcompanies must not undertake activities referred to in subsection (2)(b) unless they do so in a manner consis- tent with the terms and conditions of an approval given under section 35(1)(c).
Constitution of Aotearoa Fisheries Limited 62 Requirements for constitution (1) Aotearoa Fisheries Limited must have a constitution that includes— (a) (b) (c) (d) (e) (f) a provision that prevents Aotearoa Fisheries Limited from passing a spe- cial resolution for the purpose of approving any transaction that would be likely to have the effect of breaching section 35(1)(c); and a procedure for the appointment of an alternate for a director to attend and vote at meetings on behalf of that director; and the criteria that must be taken into account when an alternate is appoin- ted, and any restrictions on eligibility that apply to an appointment; and a method by which the board of Aotearoa Fisheries Limited must ad- dress conflicts of interest that may arise for its directors; and a provision enabling income shareholders to pass non-binding reso- lutions relating to the management of the company; and a requirement that Aotearoa Fisheries Limited report to income share- holders with— (i) (ii) (iii) (iv) (v) formal unaudited half-yearly financial statements; and audited yearly financial statements; and an annual report that includes a statement of any change in the value of the company for the financial year, together with a state- ment of the method by which that value was determined; and a business plan for the next financial year, including a summary of the key activities to be undertaken in that year; and the minutes of the annual general meeting and any special general meeting; and 56 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 64 (g) a requirement that Aotearoa Fisheries Limited use its best endeavours to work co-operatively with iwi on commercial matters; and (h) requirements that Aotearoa Fisheries Limited— (i) establish a process for the disposal of income shares in accordance with the provisions of sections 69 to 72; and (ii) maintain a register that records— (A) (B) all income shareholders; and all transfers of income shares; and (iii) record transfers of shares in the register if, and
 only if, the trans- fers comply with the requirements of sections 69 to 72; and (i) (j) a requirement that if Aotearoa Fisheries Limited is put into liquidation, distributions must be made to the income shareholders in proportion to their shareholding at the time of liquidation; and a provision that the constitution must not be amended in a way that af- fects the rights or entitlements of the income shareholders, unless the shareholders of at least 75% of the income shares approve; and (k) a provision enabling Aotearoa Fisheries Limited— (i) (ii) to issue additional income shares; and to establish subcompanies; and (l) provisions for any other matters that are required by this Act.
This section does not limit any reporting obligations arising under another en- actment or rule of law.

To the extent that a provision of the constitution of Aotearoa Fisheries Limited or an amendment to it is inconsistent with this Act, that provision has no effect.

Directors Directors of Aotearoa Fisheries Limited Te Ohu Kai Moana Trustee Limited must appoint, and may remove, the direct- ors of Aotearoa Fisheries Limited.
(2) (3) 63 (1) (2) Aotearoa Fisheries Limited must have not fewer than 5, and not more than 8, directors.

(3) An extraordinary vacancy of a director does not create a breach of this section if the vacancy is filled within 3 months.

64 Restrictions on appointment of directors (1) Not more than 2 of the directors of Aotearoa Fisheries Limited may be direct- ors or employees of Te Ohu Kai Moana Trustee Limited.
57 Part 2 s 65 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (2) Neither the chairperson nor the deputy chairperson of either Te Ohu Kai Moana Trustee Limited or Aotearoa Fisheries Limited may, at the same time, be the chairperson or deputy chairperson of the other.
(3) If subsection (1) is breached, the most recently appointed director of Aotearoa Fisheries Limited who is also a director or employee of Te Ohu Kai Moana Trustee Limited must resign, within 5 working days,— (a) (b) as a director of Aotearoa Fisheries Limited; or as a director or employee of Te Ohu Kai Moana Trustee Limited, as the case may be.
(4) A breach of subsection (1) does not— (a) (b) invalidate an action or decision of Aotearoa Fisheries Limited: occur in the case of an extraordinary vacancy of a director, if the vacan- cy is filled within 3 months.

(5) To avoid doubt, subsection (1) does not apply to the appointment of an alter- nate for a director, as provided for in the constitution of Aotearoa Fisheries Limited under section 62(1)(b).
(6) A person who is, or who has been within the previous 2 years, a member or alternate member of Te Kawai Taumata is not eligible for appointment as a dir- ector of Aotearoa Fisheries Limited.

(7) A director of Aotearoa Fisheries Limited is not eligible to be, at the same time, a director of Te Putea Whakatupu Trustee Limited or of Te Wai Maori Trustee Limited.
65 (1) Directors of subcompanies In this section, if a subcompany of Aotearoa Fisheries Limited is a trust or an entity other than a company, a reference to a director of a subcompany is a ref- erence to a trustee or office holder of the entity.

(2) Not more than 2 of the directors of a subcompany of Aotearoa Fisheries Limit- ed may be directors or employees of Te Ohu Kai Moana Trustee Limited.
(3) If subsection (2) is breached, the most recently appointed director of the sub- company who is also a director or employee of Te Ohu Kai Moana Trustee Limited must, within 5 working days, resign, as the case may be,— (a) (b) as a director of the subcompany; or as a director or employee of Te Ohu Kai Moana Trustee Limited.
(4) A breach of subsection (2) does not— (a) (b) invalidate an action or decision of the subcompany; or occur in the case of an extraordinary vacancy of a director of the sub- company if the vacancy is filled within 3 months.

58 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 68 (5) A person who is, or who has been within the previous 2 years, a member or alternate member of Te Kawai Taumata is not eligible for appointment as a dir- ector of a subcompany of Aotearoa Fisheries Limited.
(6) A director of a subcompany is not eligible to be, at the same time, a director of Te Putea Whakatupu Trustee Limited or of Te Wai Maori Trustee Limited.

Voting shares 66 Voting shares (1) On the appointed day, Aotearoa Fisheries Limited must have 125 000 voting shares, all of which it must issue to Te Ohu Kai Moana Trustee Limited, unless it has already done so.

(2) Te Ohu Kai Moana Trustee Limited must retain control of all the voting shares in Aotearoa Fisheries Limited.
(3) However, if a resolution that is supported under section 127(3) requires the transfer or issue of voting shares to mandated iwi organisations, that require- ment must be implemented in accordance with the resolution.

Income shares 67 Income shares (1) On the appointed day, Aotearoa Fisheries Limited must have 125 000 income shares, all of which it must issue to Te Ohu Kai Moana Trustee Limited, unless it has already done so.
(2) Income shares in Aotearoa Fisheries Limited must be held only by— (a) Te Ohu Kai Moana Trustee Limited, either as an owner or trustee; and (b) mandated iwi organisations, through their asset-holding companies.

(3) Te Ohu Kai Moana Trustee Limited must— (a) (b) retain ownership of 20% of all the income shares issued at any time by Aotearoa Fisheries Limited; and until they are allocated in accordance with section 139, hold the other 80% of income shares issued under subsection (1) in trust for iwi.
68 Additional income shares If Aotearoa Fisheries Limited issues additional income shares,— (a) (b) they must be offered to income shareholders in proportion to the income shares they hold at the date of issue, including income shares held in trust under section 67(3)(b); and in the case of any unsubscribed shares, they must be offered or with- drawn in accordance with the constitution of Aotearoa Fisheries Limited.
59 Part 2 s 69 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 69 Disposal of income shares by mandated iwi organisations (1) A mandated iwi organisation may sell its income shares, but only— (a) (b) (c) to Te Ohu Kai Moana Trustee Limited; or to another mandated iwi organisation; and in accordance with section 70 and the process established in the constitu- tion of Aotearoa Fisheries Limited.
(2) Despite subsection (1), a mandated iwi organisation must not sell income shares allocated to it under section 139 within 2 years after the date on which those shares are transferred to it under section 130 or section 135.

(3) Income shares— (a) must not be gifted; and (b) may be exchanged or otherwise disposed of, but only in accordance with this Act and the process established in the constitution of Aotearoa Fish- eries Limited.
(4) An exchange or other disposal of income shares must be treated as a sale under sections 69 to 73.
70 (1) Process for disposal of income shares by mandated iwi organisations Before a mandated iwi organisation may sell its income shares, it must— (a) (b) notify its proposal to sell income shares, in accordance with the constitu- tional documents of the mandated iwi organisation; and obtain the prior approval of at least 75% of the adult members of the iwi who vote— (i) (ii) at a general meeting; or in a process prescribed in the constitutional documents of the mandated iwi organisation.
(2) A notice given under subsection (1)(a) must specify,— (a) in a public notice,— (i) the approximate proportion of the total value of the income shares of the mandated iwi organisation affected by the proposal; and (ii) the date on which any approval expires; and (b) in a private notice, if required under kaupapa 4 of Schedule 7,— (i) (ii) the number of income shares affected by the proposal; and a reasonable estimate of the net present value or likely sale price of those shares.
(3) If approval to sell income shares is obtained under subsection (1)(b), the man- dated iwi organisation must— (a) offer the income shares to— 60 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 72 (i) (ii) every mandated iwi organisation; and Te Ohu Kai Moana Trustee Limited; and (b) accept the best price reasonably obtainable at the time of the sale, unless the offer permits the mandated iwi organisation to withdraw the income shares from sale.
(4) Approval obtained under subsection (1)(b) to sell income shares is valid for not more than 15 months from the date on which it is given.
(5) As soon as is reasonably practicable after a mandated iwi organisation has sold any income shares under section 69, it must— 71 (1) (a) (b) notify Aotearoa Fisheries Limited of the sale; and provide documentation to Aotearoa Fisheries Limited, supported by a statutory declaration if Aotearoa Fisheries Limited so requires, to estab- lish that the sale complied with all the requirements of sections 69, 70, and 72.
Disposal of income shares by Te Ohu Kai Moana Trustee Limited Te Ohu Kai Moana Trustee Limited may sell income shares acquired under section 69 to a mandated iwi organisation, but only if— (a) (b) (c) it has passed a special resolution giving it a specific power of sale of in- come shares, or the sale meets the terms and conditions of a general power of sale; and the shares are offered to every mandated iwi organisation; and it accepts the best price reasonably obtainable at the time of the sale, un- less the offer permits Te Ohu Kai Moana Trustee Limited to withdraw the income shares from sale; and (d) it acts in accordance with the constitution of Aotearoa Fisheries Limited.
(2) Te Ohu Kai Moana Trustee Limited must not sell income shares held under section 67(3).

(3) As soon as is reasonably practicable after Te Ohu Kai Moana Trustee Limited has sold any income shares under subsection (1), it must— (a) (b) notify Aotearoa Fisheries Limited of the sale; and provide documentation to Aotearoa Fisheries Limited, supported by a statutory declaration if Aotearoa Fisheries Limited so requires, to estab- lish that the sale complied with all the requirements of this section.
72 (1) Other constraints on disposal of income shares Section 70(1) to (4) applies, with the necessary modifications, if a mandated iwi organisation proposes to enter into a transaction with a third party (for ex- ample, an option, security, or guarantee) or series of transactions that could re- sult in— 61 Part 2 s 73 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) (b) the sale of its income shares; or the iwi being disentitled to the income from the income shares for a period of more than 5 years.
(2) If a third party to a transaction or series of transactions referred to in subsection (1) exercises a right to sell or requires the sale of income shares,— (a) section 69(1)(a) and (b) applies as if the vendor were a mandated iwi or- ganisation; and (b) the third party proposing to sell must notify the proposal to— (i) (ii) Te Ohu Kai Moana Trustee Limited; and all mandated iwi organisations.
(3) As soon as is reasonably practicable after a third party has sold income shares under subsection (2), it must— (4) 73 (1) (a) (b) notify Aotearoa Fisheries Limited; and provide documentation to Aotearoa Fisheries Limited, supported by a statutory declaration if Aotearoa Fisheries Limited so requires, to estab- lish that the sale complied with subsection (2).

In this section, third party means a party that is not entitled to hold settlement quota or income shares.
Remedy for breach of sections 69 to 72 If a contract for the sale of income shares, including a transaction or series of transactions referred to in section 72(1), is in breach of section 67 or sections 69 to 72, the Court may make orders that— (a) (b) (c) (d) cancel the contract or transaction: vest in the vendor the income shares that were the subject of the contract or transaction: vest in the buyer the consideration for the contract or transaction: the Court thinks fit, if the buyer has on-sold, or has granted any interest in, or security over, the income shares: (e) the costs of the applicant be met by the parties to the sale or transaction.
(2) Orders made under subsection (1) may be made— (a) on the application of— (i) (ii) a party; or an adult member of an iwi whose mandated iwi organisation is a party; or (iii) a mandated iwi organisation; or (iv) Te Ohu Kai Moana Trustee Limited; and 62 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 75 (3) 74 (1) (b) on the terms and conditions that the Court thinks fit, so long as the in- come shares are not vested other than in— (i) a mandated iwi organisation, to be held in trust by an asset-hold- ing company of the mandated iwi organisation; or (ii) Te Ohu Kai Moana Trustee Limited.
In the case of a breach of section 67(2) or sections 69 to 72, the Illegal Con- tracts Act 1970 does not apply.

Exceptions to restrictions on disposal of income shares Sections 69 to 73 do not apply to transfers of income shares between or among— (a) (b) asset-holding companies wholly owned by the same mandated iwi or- ganisation; or subsidiaries of asset-holding companies that are wholly owned by the same mandated iwi organisation.
(2) If an asset-holding company or a subsidiary of an asset-holding company ceases to be wholly owned by its mandated iwi organisation, its income shares must be— (a) (b) treated as the property of the mandated iwi organisation; and held by another asset-holding company of the mandated iwi organisa- tion, as required by section 16(1)(c).
Transfer of assets 75 (1) Transfer of assets to Aotearoa Fisheries Limited In this section, assets includes any assets, whether in the form of quota shares, interests, rights, or liabilities, that, immediately before the appointed day, are owned, controlled, or held by— (a) (b) the Treaty of Waitangi Fisheries Commission; or any company or other commercial entity, to the extent that it is owned or controlled by the Treaty of Waitangi Fisheries Commission.
(2) Before the appointed day, the Treaty of Waitangi Fisheries Commission may transfer some or all of its assets to Aotearoa Fisheries Limited or to any of its subcompanies.

(3) On the appointed day, Te Ohu Kai Moana Trustee Limited must transfer to Ao- tearoa Fisheries Limited, or to any of its subcompanies, all of the assets that have not been transferred under subsection (2).
(4) However, subsections (2) and (3) do not apply to— (a) (b) quota shares listed in Schedule 1; or assets described in section 137(1); or 63 Part 2 s 76 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (c) (d) (e) (f) (g) any entities in which Te Ohu Kai Moana Trustee Limited has a control- ling interest that hold any of the quota listed in Schedule l; or shares in a subsidiary of, or a trust controlled by, Te Ohu Kai Moana Trustee Limited that owns any of the quota shares listed in Schedule 1; or the shares in ACE Trader Limited, SafeAce Limited, Whangape Mussels Limited, and Southern Abalone Limited; or any loans issued by the Treaty of Waitangi Fisheries Commission at any time to a company transferred to Aotearoa Fisheries Limited under this Act; or other assets that continue to be held by Te Ohu Kai Moana Trustee Limited, including administrative and research assets and information that it reasonably needs in order to perform its functions and exercise its powers.
(5) To avoid doubt, subsection (3) does not limit section 66(2) or section 67(3).

(6) A transfer made by the Treaty of Waitangi Fisheries Commission under subsec- tion (2) or subsection (3) must be without charge to Aotearoa Fisheries Limited in respect of— (a) (b) the value of the assets; or the costs associated with the transfer.
(7) (8) The transfer of assets by the Treaty of Waitangi Fisheries Commission or by Te Ohu Kai Moana Trustee Limited to Aotearoa Fisheries Limited or to a subcom- pany in accordance with subsections (2) and (3) are not subject to income tax, goods and services tax, gift duty, or a tax, levy, duty, or other charge imposed or provided for under the Inland Revenue Acts or any other enactment.
For the purposes of the Inland Revenue Acts, the value of the assets transferred under subsections (2) and (3) is included in the available subscribed capital of Aotearoa Fisheries Limited or its subcompanies.

76 Payment of dividends by Aotearoa Fisheries Limited (1) Aotearoa Fisheries Limited may pay dividends only to income shareholders.
(2) Aotearoa Fisheries Limited must ensure that not less than 40% of its consoli- dated group net profit after tax, as determined in accordance with generally ac- cepted accounting practice, is paid annually to its income shareholders.
(3) Aotearoa Fisheries Limited must use its best endeavours to ensure that the con- stitution of every subcompany requires the subcompany to make payments that provide Aotearoa Fisheries Limited with sufficient money to enable Aotearoa Fisheries Limited to comply with subsection (2).

If the payments from its subcompanies are insufficient to allow Aotearoa Fish- eries Limited to comply with subsection (2), Aotearoa Fisheries Limited may meet its obligations under subsection (2) by other means.
(4) 64 Reprinted as at 1 April 2014 (5) In subsection (2),— Maori Fisheries Act 2004 Part 2 s 78 consolidated group means Aotearoa Fisheries Limited and its subcompanies consolidated group net profit after tax does not include— (a) (b) (c) asset revaluations; or unrealised capital gains or losses; or unrealised gains or losses from financial instruments.
77 Circumstances when payments not required Section 76(2) does not apply— (a) until Te Ohu Kai Moana Trustee Limited has made payments— (i) under section 137(1)(a) to Te Putea Whakatupu Trustee Limited; and (ii) under section 137(1)(b) to Te Wai Maori Trustee Limited; or (b) to the extent that compliance would put Aotearoa Fisheries Limited, a subcompany, or any directors of either, in breach of any obligation under the Companies Act 1993.
Subpart 4—Te Putea Whakatupu Trust and Te Putea Whakatupu Trustee Limited Establishment 78 Interpretation In this subpart and in subpart 5,— distribution means, in relation to trust income, the annual distributions made by— (a) (b) Te Putea Whakatupu Trustee Limited under section 83(b): Te Wai Maori Trustee Limited under section 95(b) distribution policy means the statement of objectives, priorities, and criteria that must be used to guide the annual distribution of trust income in order to meet the purpose of Te Putea Whakatupu Trust or Te Wai Maori Trust, as the case may be investment plan means the proposed investment of the trust capital trust capital means,— (a) in the case of Te Putea Whakatupu Trust— (i) settlement asset money transferred by Te Ohu Kai Moana Trustee Limited in accordance with section 137(1)(a); and (ii) any further payments made under section 90(5); and (b) in the case of Te Wai Maori Trust— 65 Part 2 s 79 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (i) settlement asset money transferred by Te Ohu Kai Moana Trustee Limited in accordance with sections 103(3) and 137(1)(b); and (ii) any further payments made under section 103(6) trust funds means trust capital and accumulated trust income trust income means— (a) in the case of Te Putea Whakatupu Trust,— (i) (ii) funds transferred under section 137(1)(e)(ii); and earnings derived from the trust capital; and (b) in the case of Te Wai Maori Trust— (i) (ii) funds transferred under section 137(1)(e)(iii); and earnings derived from trust capital.
79 (1) Establishment of Te Putea Whakatupu Trust Te Ohu Kai Moana Trustee Limited must, not later than 60 working days after the appointed day, establish by trust deed a trust called Te Putea Whakatupu Trust.
(2) Neither the rule against perpetuities nor any relevant provisions of the Perpetu- ities Act 1964— (a) (b) prescribe or restrict the period during which Te Putea Whakatupu Trust may exist in law; or apply to a document entered into to give effect to the Deed of Settlement (including the trust deed required to be entered into under subsection (1)) if the application of that rule or the provisions of that Act would otherwise make a document, or a right or obligation conferred by that document, invalid or ineffective.
80 (1) (2) Trustee of Te Putea Whakatupu Trust Te Putea Whakatupu Trust must have only 1 trustee.

The trustee of Te Putea Whakatupu Trust must be a company formed under the Companies Act 1993 with the name of Te Putea Whakatupu Trustee Limited.
81 Purpose of Te Putea Whakatupu Trust The purpose of Te Putea Whakatupu Trust is to hold and manage the trust funds on trust for and on behalf of the beneficiaries under the Deed of Settle- ment, in order to promote education, training, and research, including matters that relate to fisheries, fishing, and fisheries-related activities, but not in a man- ner that could adversely affect the charitable status (if any) of the Trust.
82 Benefits of Trust The benefits of Te Putea Whakatupu Trust must be made available as widely as possible to all Maori, having regard to— 66 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 83 (a) the extent to which mandated iwi organisations are providing, or are able to provide, benefits for members of their iwi that are the same or similar to those that are able to be provided by Te Putea Whakatupu Trustee Limited; and (b) the interests of Maori who— (i) (ii) do not associate with their iwi; or do not receive benefits from a mandated iwi organisation.
83 Functions of Te Putea Whakatupu Trustee Limited In achieving the purpose of Te Putea Whakatupu Trust, Te Putea Whakatupu Trustee Limited must— (a) manage the trust funds; and (b) distribute the annual trust income for activities that include— (i) promoting educational and training programmes, courses, and schemes within New Zealand for Maori, with a view to providing educational and training opportunities, including those that have application to the fishing industry: (ii) funding the development of the skills of Maori, including those relevant to the fishing industry: (iii) promoting the advancement of Maori by— (A) (B) offering or funding scholarships and grants to enable Maori students to meet the entry requirements of wananga, univer- sities, or other tertiary institutions in New Zealand or over- seas; and establishing scholarships and grants, or funding wananga, universities, or other tertiary institutions in New Zealand to offer scholarships and grants, with a view to encouraging Maori to develop their education and skills: (iv) promoting research and development by wananga, universities, or other tertiary institutions in New Zealand or overseas into (but not limited to)— (A) the involvement of Maori in fishing and fisheries-related activities; and (B) matters affecting Maori fishing: (v) facilitating access of Maori working in, or wishing to work in in- dustry (including the fishing industry), to— (A) (B) education and training courses: conferences, presentations, and other learning experiences: (vi) other activities that are necessary to foster or promote the activ- ities set out in subparagraphs (i) to (v).
67 Part 2 s 84 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Requirements for trust deed 84 (1) Contents of trust deed of Te Putea Whakatupu Trust To enable Te Putea Whakatupu Trustee Limited to carry out the purpose of Te Putea Whakatupu Trust, the trust deed must provide— (a) (b) (c) that the directors of Te Putea Whakatupu Trustee Limited are entitled to be paid fees and reimbursing allowances or actual and reasonable expen- ses in accordance with the provisions included in the annual plan of Te Ohu Kai Moana Trustee Limited under section 37(f) and (g); and for the powers of investment of the directors of Te Putea Whakatupu Trustee Limited (and any prohibited investments); and for the manner in which the trust deed may be varied and any restrictions on the way it may be varied; and (d) that the directors of Te Putea Whakatupu Trustee Limited may— (i) (ii) make distributions to Maori, mandated iwi organisations, and oth- er Maori organisations for the purpose of Te Putea Whakatupu Trust, subject to any conditions stated in the trust deed or speci- fied by the directors; and decline to make distributions if they consider that, in a particular case, the iwi concerned can or should be able to provide similar benefits to its members from income derived from settlement as- sets; and (iii) in relation to any trust income not distributed in a financial year, determine a policy for capitalising, carrying forward, or creating reserves from, that income; and (e) (f) (g) for the directors to commission an audit of Te Putea Whakatupu Trustee Limited under section 105; and for the circumstances when Te Putea Whakatupu Trust may be termin- ated; and on termination of that Trust, for the payment of the trust funds, in the percentages specified in column 3 of Schedule 3,— (i) (ii) (iii) to each mandated iwi organisation that has charitable status; or in the case of a mandated iwi organisation that does not have char- itable status, to an entity with charitable status nominated by the mandated iwi organisation to
 benefit the relevant iwi and its mem- bers; or if no mandated iwi organisation exists or no nomination is made under subparagraph (ii), to an entity with charitable status nomin- ated by Te Ohu Kai Moana Trustee Limited to benefit the relevant iwi and its members.
68 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 86 (2) The trust deed must prohibit Te Putea Whakatupu Trustee Limited from— (a) undertaking any business other than what is necessary for the purpose of the Trust; and (b) expending or distributing trust capital, except on termination of the trust.
(3) The trust deed may— (a) include any other matter that is not inconsistent with this Act or the con- stitution of Te Putea Whakatupu Trustee Limited; and (b) be amended subject to— (i) (ii) (iii) (iv) the purpose of Te Putea Whakatupu Trust: the manner of its variation and any restrictions specified in the trust deed: the constitution of Te Putea Whakatupu Trustee Limited: this Act.

(4) A provision of the trust deed or an amendment to it has no effect to the extent that it is inconsistent with this Act.
85 Annual plan of Te Putea Whakatupu Trustee Limited The trust deed of Te Putea Whakatupu Trust must require Te Putea Whakatupu Trustee Limited to prepare, and obtain the approval of Te Ohu Kai Moana Trustee Limited for, an annual plan that includes— (a) (b) (c) (d) the distribution policy of Te Putea Whakatupu Trustee Limited; and any investment plan of Te Putea Whakatupu Trustee Limited; and the budget for Te Putea Whakatupu Trustee Limited; and the administrative services available to Te Putea Whakatupu Trustee Limited.
86 (1) Reporting obligations of Te Putea Whakatupu Trustee Limited The trust deed of Te Putea Whakatupu Trust must set out the following report- ing, accounting, and auditing obligations of Te Putea Whakatupu Trustee Limited: (a) the directors of Te Putea Whakatupu Trustee Limited must report to Te Ohu Kai Moana Trustee Limited within 4 months after the end of each financial year on— (i) (ii) the performance of Te Putea Whakatupu Trustee Limited, as- sessed against its approved annual plan; and distributions made by Te Putea Whakatupu Trustee Limited, as- sessed against its distribution policy; and (iii) investments made (if any) and returns on investments (if any); and 69 Part 2 s 87 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (iv) any matter required by Te Ohu Kai Moana Trustee Limited in order to meet its reporting obligations; and (b) the directors of Te Putea Whakatupu Trustee Limited must keep separate accounts for and report separately on— (i) (ii) (iii) (iv) the distributions made by Te Putea Whakatupu Trustee Limited; and the cost of administering Te Putea Whakatupu Trust; and the cost of administering the distributions; and the fees (in bands of $10,000) and reimbursing allowances or ac- tual and reasonable expenses paid to the directors of Te Putea Whakatupu Trustee Limited; and (v) contracts for service entered into by Te Putea Whakatupu Trustee Limited or any of its directors; and (c) the directors must ensure that the accounts of Te Putea Whakatupu Trust are audited annually.
(2) This section does not limit any reporting obligations of Te Putea Whakatupu Trustee Limited arising under any enactment or rule of law.

Requirements for constitution 87 (1) Constitution of Te Putea Whakatupu Trustee Limited Te Putea Whakatupu Trustee Limited must have— (a) only 1 share that— (i) has no distribution rights; and (ii) must be held by the board of Te Ohu Kai Moana Trustee Limited; and (b) a constitution that is consistent with this Act.
(2) The constitution must provide— (a) (b) (c) that the role of Te Putea Whakatupu Trustee Limited is restricted to act- ing as the trustee of Te Putea Whakatupu Trust; and that Te Putea Whakatupu Trustee Limited must have 3 directors; and that Te Ohu Kai Moana Trustee Limited must appoint, in accordance with the criteria specified in section 88, and may remove, the directors of Te Putea Whakatupu Trustee Limited; and (d) that a director— (i) is appointed for a term not exceeding 4 years; and (ii) may be reappointed for 1 further term; and (iii) continues in office after the expiry of his or her term until his suc- cessor is appointed; and 70 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 89 (e) (f) (g) (h) (i) that an extraordinary vacancy of a director does not create a breach of the constitution, so long as Te Ohu Kai Moana Trustee Limited appoints a new director within 3 months of the vacancy arising; and a method by which the board of Te Putea Whakatupu Trustee Limited must address conflicts of interest that may arise for its directors; and that Te Putea Whakatupu Trustee Limited may regulate its own proced- ure, so long as it provides that— (i) (ii) the quorum is 3 for the purpose of transacting any business; and a meeting may be conducted by teleconference or by any means of communication that allows each director to participate effect- ively in the proceedings; and a procedure for amending the constitution; and that Te Putea Whakatupu Trustee Limited may be put into voluntary li- quidation only if Te Putea Whakatupu Trust is terminated.
(3) A provision of the constitution of Te Putea Whakatupu Trustee Limited or an amendment to it has no effect to the extent that it is inconsistent with this Act or another enactment or rule of law.
Directors 88 (1) (2) (3) Requirements for appointment of directors The constitution of Te Putea Whakatupu Trustee Limited must specify that the directors of Te Putea Whakatupu Trustee Limited must all be Maori who, col- lectively,— (a) (b) (c) are well versed in matters of tikanga Maori; and are experienced in working with Maori and Maori organisations; and have expertise and experience in human resource development, educa- tion, and training.
In appointing the directors of Te Putea Whakatupu Trustee Limited, Te Ohu Kai Moana Trustee Limited must consult with the National Urban Maori Au- thority in order to ensure that the directors have knowledge of, and are able to represent, the interests of Maori who reside in urban areas of New Zealand.
Subsection (2) does not limit the power of Te Ohu Kai Moana Trustee Limited to consider the views of any other person or organisation that it considers has knowledge that is relevant to the interests of Maori who live in urban areas.

89 Eligibility for office of director (1) Not more than 1 director of Te Ohu Kai Moana Trustee Limited may also be a director of Te Putea Whakatupu Trustee Limited.
71 Part 2 s 90 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (2) However, if a director of Te Putea Whakatupu Trustee Limited is a director of Te Ohu Kai Moana Trustee Limited, then that director’s alternate may also be a director of Te Ohu Kai Moana Trustee Limited.

(3) A person who is a director of Te Putea Whakatupu Trustee Limited is not eli- gible to be, at the same time, a director of— (a) (b) (c) Aotearoa Fisheries Limited; or a subcompany; or Te Wai Maori Trustee Limited.
(4) A person who is a director of an entity listed in subsection (3) must resign as a director of that entity within 5 working days if he or she becomes a director of Te Putea Whakatupu Trustee Limited.

(5) A person who is, or who has been within the previous 2 years, a member or alternate member of Te Kawai Taumata is not eligible for appointment as a dir- ector of Te Putea Whakatupu Trustee Limited.
(6) Neither the chairperson nor the deputy chairperson of Te Ohu Kai Moana Trustee Limited or Te Putea Whakatupu Trustee Limited may, at the same time, be the chairperson or deputy chairperson of the other.

Payments 90 (1) (2) (3) Payments to Te Putea Whakatupu Trustee Limited Te Ohu Kai Moana Trustee Limited must pay the settlement asset money to Te Putea Whakatupu Trustee Limited, as provided for by section 137(1)(a), to be held on trust for the purpose of Te Putea Whakatupu Trust.
Te Ohu Kai Moana Trustee Limited must comply with the obligation under subsection (1) on a date to be determined by Te Ohu Kai Moana Trustee Limit- ed in its discretion, but not later than 31 October 2009.
Subject to the limit specified in section 137(1)(e)(ii), Te Ohu Kai Moana Trust- ee Limited must, before the date of payment referred to in subsection (2), fund the activities undertaken by Te Putea Whakatupu Trustee Limited, to a maxi- mum of $1 million in each financial year (including directors’ fees provided for under section 84(1)(a) and administrative costs provided for under section 85(c) and (d)), in accordance with the annual plan of Te Putea Whakatupu Trustee Limited approved by Te Ohu Kai Moana Trustee Limited.
(4) After the date of the payment referred to in subsection (2), no further amounts are payable by Te Ohu Kai Moana Trustee Limited under subsection (3).

Te Ohu Kai Moana Trustee Limited may make payments of other money as trust capital to Te Putea Whakatupu Trustee Limited, subject to the conditions specified in section 137(2) (if that provision applies).

Te Putea Whakatupu Trustee Limited is not entitled to receive allocations of settlement quota or income shares from Te Ohu Kai Moana Trustee Limited.
(5) (6) 72 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 95 Subpart 5—Te Wai Maori Trust and Te Wai Maori Trustee Limited Establishment 91 Interpretation In this subpart,— freshwater fisheries means any fishery in freshwater in New Zealand, exclud- ing any sports fishery or unwanted aquatic life or activities conducted under the Freshwater Fish Farming Regulations 1983 freshwater fishing means fishing activity in relation to freshwater fisheries sports fish has the meaning given to it in section 2(1) of the Conservation Act 1987 unwanted aquatic life has the meaning given to it in section 2(1) of the Fish- eries Act 1996.
92 (1) Establishment of Te Wai Maori Trust Te Ohu Kai Moana Trustee Limited must, not later than 60 working days after the appointed day, establish by trust deed a trust called Te Wai Maori Trust.
(2) Neither the rule against perpetuities nor any relevant provisions of the Perpetu- ities Act 1964— (a) (b) prescribe or restrict the period during which Te Wai Maori Trust may exist in law; or apply to a document entered into to give effect to the Deed of Settlement (including the trust deed required to be entered into under subsection (1)) if the application of that rule or the provisions of that Act would otherwise make a document, or a right or obligation conferred by that document, invalid or ineffective.
93 (1) (2) Trustee of Te Wai Maori Trust Te Wai Maori Trust must have only 1 trustee.

The trustee of Te Wai Maori Trust must be a company formed under the Com- panies Act 1993 with the name of Te Wai Maori Trustee Limited.
94 Purpose of Te Wai Maori Trust The purpose of Te Wai Maori Trust is to hold and manage the trust funds on trust for and on behalf of the beneficiaries under the Deed of Settlement, in order to advance Maori interests in freshwater fisheries, but not in a manner that could adversely affect the charitable status (if any) of the Trust.
95 Functions of Te Wai Maori Trustee Limited In achieving the purpose of Te Wai Maori Trust, Te Wai Maori Trustee Limited must— 73 Part 2 s 96 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) manage the trust funds; and (b) distribute the annual trust income for activities that include— (i) (ii) (iii) (iv) undertaking or funding research, development, and education rela- ted to Maori interests in freshwater fishing; and promoting the protection and enhancement of freshwater fisheries habitat in lakes, rivers, and other water bodies, particularly those that have traditionally supported iwi and whose shores have been the location of their marae; and promoting the establishment of freshwater fisheries; and using its resources to bring direct or indirect benefit to Maori in respect of their freshwater fishing interests.
Requirements for trust deed Contents of trust deed of Te Wai Maori Trust To enable Te Wai Maori Trustee Limited to carry out the purpose of Te Wai Maori Trust, the trust deed must provide— (a) (b) (c) (d) that the directors of Te Wai Maori Trustee Limited are entitled to be paid fees and reimbursing allowances or actual and reasonable expenses in accordance with the provisions included in the annual plan of Te Ohu Kai Moana Trustee Limited under section 37(f) and (g); and for the powers of investment of the directors of Te Wai Maori Trustee Limited (and any prohibited investments); and for the manner in which the trust deed may be varied and any restrictions on the way it may be varied; and for the directors to commission an audit of Te Wai Maori Trustee Limit- ed under section 105; and (e) for the directors to determine— (i) (ii) the circumstances when distributions may be made in accordance with section 98; and in relation to any trust income not distributed in a financial year, a policy for capitalising, carrying forward, or creating reserves from that income; and for the circumstances when Te Wai Maori Trust may be terminated; and on termination of that Trust, for the payment of the trust funds, in the percentages specified in column 3 of Schedule 3,— (i) (ii) to each mandated iwi organisation that has charitable status; or in the case of a mandated iwi organisation that does not have char- itable status, to an entity with charitable status nominated by the (f) (g) 96 (1) 74 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 98 mandated iwi organisation, for the benefit of the relevant iwi and its members; or (iii) if no mandated iwi organisation exists or no nomination is made under subparagraph (ii), to an entity with charitable status nomin- ated by Te Ohu Kai Moana Trustee Limited to benefit the relevant iwi and its members.
(2) The trust deed must prohibit Te Wai Maori Trustee Limited from— (a) undertaking any business other than what is necessary for the purpose of the Trust; and (b) expending or distributing trust capital, except on termination of the trust.
(3) The trust deed may— (a) include any other matter that is not inconsistent with this Act or the con- stitution of Te Wai Maori Trustee Limited; and (b) be amended, subject to— (i) (ii) (iii) (iv) the purpose of Te Wai Maori Trust: the manner of its variation and any restrictions specified in the trust deed: the constitution of Te Wai Maori Trustee Limited: this Act.

(4) A provision of the trust deed or an amendment to it has no effect to the extent that it is inconsistent with this Act.
97 Annual plan of Te Wai Maori Trustee Limited The trust deed of Te Wai Maori Trust must require Te Wai Maori Trustee Limited to prepare, and obtain the approval of Te Ohu Kai Moana Trustee Limited for, an annual plan that includes— (a) (b) (c) (d) the distribution policy of Te Wai Maori Trustee Limited; and any investment plan of Te Wai Maori Trustee Limited; and the budget for Te Wai Maori Trustee Limited; and the administrative services available to Te Wai Maori Trustee Limited.
98 (1) Distributions of trust income The directors of Te Wai Maori Trustee Limited may make distributions to Maori, mandated iwi organisations, and other Maori organisations for the pur- pose of Te Wai Maori Trust, subject to any conditions provided for by the trust deed.
(2) Before making a distribution, the directors must take into account the extent to which— 75 Part 2 s 99 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) (b) (c) (d) a proposal will assist in co-ordinating and consolidating the activities of the recipients with the activities of agencies involved in freshwater fish- eries and habitat management; and a proposal provides a model that is able to be applied by the groups re- ferred to in subsection (1); and the activities proposed to be undertaken with the distribution are being undertaken by other mandated iwi organisations or agencies; and the functions of Te Wai Maori Trustee Limited are being undertaken by other agencies.
99 (1) Reporting obligations of Te Wai Maori Trustee Limited The trust deed of Te Wai Maori Trust must set out the following reporting, ac- counting, and auditing obligations of Te Wai Maori Trustee Limited: (a) the directors of Te Wai Maori Trustee Limited must report to Te Ohu Kai Moana Trustee Limited within 4 months after the end of each financial year on— (i) (ii) (iii) (iv) the performance of Te Wai Maori Trustee Limited, assessed against its approved annual plan; and distributions made by Te Wai Maori Trustee Limited, assessed against the distribution policy; and investments made (if any) and returns on investments (if any); and any matter required by Te Ohu Kai Moana Trustee Limited in order to meet its reporting obligations; and (b) the directors of Te Wai Maori Trustee Limited must keep separate ac- counts for, and report separately on,— (i) (ii) (iii) (iv) the distributions made by Te Wai Maori Trustee Limited; and the cost of administering Te Wai Maori Trust; and the cost of administering the distributions; and the fees (in bands of $10,000) and reimbursing allowances or ac- tual and reasonable expenses paid to the directors of Te Wai Maori Trustee Limited; and (v) contracts for service entered into by Te Wai Maori Trustee Limit- ed or any of its directors; and (c) the directors must ensure that the accounts of Te Wai Maori Trust are au- dited annually.
(2) This section does not limit any reporting obligations of Te Wai Maori Trustee Limited arising under any enactment or rule of law.

76 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 100 Requirements for constitution 100 Constitution of Te Wai Maori Trustee Limited (1) Te Wai Maori Trustee Limited must have— (a) only 1 share that— (i) has no distribution rights; and (ii) must be held by the board of Te Ohu Kai Moana Trustee Limited; and (b) a constitution that is consistent with this Act.
(2) The constitution must provide— (a) (b) (c) that the role of Te Wai Maori Trustee Limited is restricted to acting as the trustee of Te Wai Maori Trust; and that Te Wai Maori Trustee Limited must have 3 directors; and that Te Ohu Kai Moana Trustee Limited must appoint, in accordance with the criteria specified in section 101, and may remove the directors of Te Wai Maori Trustee Limited; and (d) that a director— (i) is appointed for a term not exceeding 4 years; and (ii) may be reappointed for 1 further term; and (iii) continues in office after the expiry of his or her term until his suc- cessor is appointed; and that an extraordinary vacancy of a director does not create a breach of the constitution, so long as Te Ohu Kai Moana Trustee Limited appoints a new director within 3 months of the vacancy arising; and a method by which the board of Te Wai Maori Trustee Limited must ad- dress conflicts of interest that may arise for its directors; and that Te Wai Maori Trustee Limited may regulate its own procedure, so long as it provides that— (i) (ii) the quorum is 3 for the purpose of transacting any business; and a meeting may be conducted by teleconference or by any means of communication that allows each director to participate effect- ively in the proceedings; and a procedure for amending the constitution; and that Te Wai Maori Trustee Limited may be put into voluntary liquidation only if Te Putea Whakatupu Trust is terminated.
(e) (f) (g) (h) (i) (3) A provision of the constitution of Te Wai Maori Trustee Limited or an amend- ment to it has no effect to the extent that it is inconsistent with this Act or an- other enactment or rule of law.
77 Part 2 s 101 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 101 Criteria for appointment of directors Directors The constitution of Te Wai Maori Trustee Limited must specify that the direct- ors of Te Wai Maori Trustee Limited must all be Maori who, collectively,— (a) (b) (c) (d) are well versed in matters of tikanga Maori; and are experienced in working with Maori and Maori organisations; and are experienced in fisheries management, enhancement, and develop- ment; and have expertise and experience in matters relevant to freshwater fisheries; and (e) have knowledge of the special interest of iwi in freshwater fisheries.
102 Eligibility for office of director (1) Not more than 1 director of Te Ohu Kai Moana Trustee Limited may also be a director of Te Wai Maori Trustee Limited.

(2) However, if a director of Te Wai Maori Trustee Limited is a director of Te Ohu Kai Moana Trustee Limited, that director’s alternate may also be a director of Te Ohu Kai Moana Trustee Limited.
(3) A person who is a director of Te Wai Maori Trustee Limited is not eligible to be, at the same time, a director of— (a) (b) (c) Aotearoa Fisheries Limited; or a subcompany; or Te Putea Whakatupu Trustee Limited.

(4) A person who is a director of an entity listed in subsection (3) must resign as a director of that entity within 5 working days if he or she becomes a director of Te Wai Maori Trustee Limited.
(5) A person who is, or who has been within the previous 2 years, a member or alternate member of Te Kawai Taumata is not eligible for appointment as a dir- ector of Te Wai Maori Trustee Limited.

(6) Neither the chairperson nor the deputy chairperson of Te Ohu Kai Moana Trustee Limited or Te Wai Maori Trustee Limited may, at the same time, be the chairperson or deputy chairperson of the other.
103 Payments to Te Wai Maori Trustee Limited Payments Te Ohu Kai Moana Trustee Limited must pay to Te Wai Maori Trustee Limited the settlement asset money, as provided for by section 137(1)(b), to be held on trust for the purpose of Te Wai Maori Trust.
(1) 78 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 105 (2) Te Ohu Kai Moana Trustee Limited must comply with the obligation under subsection (1) on a date to be determined by Te Ohu Kai Moana Trustee Limit- ed in its discretion, but not later than 31 October 2009.
(3) After the date of payment referred to in subsection (2), Te Ohu Kai Moana Trustee Limited must pay not less than $1 million per year, until Te Wai Maori Trustee Limited has received in total the sum of $20 million (including the sum referred to in subsection (1)) from Te Ohu Kai Moana Trustee Limited (but ex- cluding the sums referred to in subsection (4)).
(4) Subject to the limit specified in section 137(1)(e)(iii), Te Ohu Kai Moana Trustee Limited must, before the date of payment referred to in subsection (2), fund the activities undertaken by Te Wai Maori Trustee Limited (including dir- ectors’ fees provided for under section 96(1)(a) and administrative costs provi- ded for under section 97(c) and (d)), in accordance with the annual plan of Te Wai Maori Trustee Limited approved by Te Ohu Kai Moana Trustee Limited.
(5) After the date of payment referred to in subsection (2), no further amounts are payable by Te Ohu Kai Moana Trustee Limited under subsection (4).

(6) (7) Te Ohu Kai Moana Limited may make payments of other money as trust cap- ital to Te Wai Maori Trustee Limited, subject to the conditions specified in sec- tion 137(2) (if that provision applies).

Te Wai Maori Trustee Limited is not entitled to receive allocations of settle- ment quota or income shares from Te Ohu Kai Moana Trustee Limited.
Subpart 6—Audits and reviews 104 Interpretation In this subpart, unless the context otherwise requires,— auditor means a person appointed in accordance with section 107 restrictions on the disposal of settlement assets means either or both, as the case may be,— (a) restrictions imposed on the disposal of the income shares of Aotearoa Fisheries Limited under subpart 3 of Part 2: (b) restrictions on the disposal of settlement quota restrictions on the disposal of settlement quota means the restrictions im- posed under subpart 2 of Part 4 reviewer means a person appointed in accordance with section 121.
Audit of entities 105 Audits (1) Not later than 4 years after the commencement of this Act,— 79 Part 2 s 106 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) Te Ohu Kai Moana Trustee Limited must arrange for an audit of Te Ohu Kai Moana Trustee Limited; and (b) Aotearoa Fisheries Limited must arrange for an audit of Aotearoa Fish- eries Limited and its subcompanies; and (c) (d) Te Putea Whakatupu Trustee Limited must arrange for an audit of Te Pu- tea Whakatupu Trustee Limited; and Te Wai Maori Trustee Limited must arrange for an audit of Te Wai Maori Trustee Limited.
(2) The cost of an audit conducted under this section or section 106 must be paid by the entity being audited.
106 Subsequent audits Each of the entities referred to in section 105, or 2 or more jointly, must ar- range for subsequent audits to be conducted not later than 4 years after the pre- ceding audit, unless,— (a) (b) in the case of Te Ohu Kai Moana Trustee Limited, Te Putea Whakatupu Trustee Limited, or Te Wai Maori Trustee Limited, at least 75% of the mandated iwi organisations and representative Maori organisations at a general meeting convened by Te Ohu Kai Moana Trustee Limited, vote not to conduct an audit of 1 or more of the relevant entities; or in the case of Aotearoa Fisheries Limited, the shareholders of at least 75% of the income shares vote at an annual general meeting of Aotearoa Fisheries Limited, not to conduct an audit.
107 Person to conduct audit (1) Each of the audits referred to in sections 105 and 106 must be carried out by an independent person— (a) appointed by the entity that is to be audited; and (b) who is appropriately qualified to conduct the audit.

(2) A person appointed to conduct an audit is not required to be— (a) a chartered accountant within the meaning of section 19 of the New Zea- land Institute of Chartered Accountants Act 1996; or (b) qualified to undertake financial audits.
(3) In carrying out an audit, the person appointed must— (a) maintain the appropriate degree of impartiality and independence; and (b) take all reasonable steps to ensure that his or her judgment is not im- paired by any relationship with, or interest in, the entity subject to audit.

(4) The independence of a person appointed to conduct an audit is not comprom- ised merely because that person has a beneficial interest under this Act.
80 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 110 Section 107(2)(a): amended, on 7 July 2010, by section 10 of the New Zealand Institute of Chartered Accountants Amendment Act 2010 (2010 No 74).
108 General scope of audits An audit conducted under section 105 or section 106 must consider and report, in relation to the entity being audited, on— (a) (b) (c) (d) (e) (f) the objectives established by the board of directors of the entity; and the extent to which those objectives are consistent with the effective im- plementation of the duties and functions of the entity under this Act or any other enactment; and the progress made by the board of directors towards achieving the ob- jectives; and the policies and strategies established by the board of directors to ach- ieve the objectives and perform the duties and functions of the board and its directors; and the effectiveness of the policies and strategies referred to in paragraph (d); and the quality and timeliness of the reporting documents prepared to meet the reporting obligations under this Act or another enactment.
109 Audit of Te Ohu Kai Moana Trustee Limited In the case of an audit of Te Ohu Kai Moana Trustee Limited, the audit must consider and report on— (a) (b) the progress that Te Ohu Kai Moana Trustee Limited has made towards allocating and transferring settlement assets; and the contribution that Te Ohu Kai Moana Trustee Limited has made to- wards assisting iwi to meet the requirements for recognition as mandated iwi organisations.
110 Audit of Aotearoa Fisheries Limited (1) In the case of Aotearoa Fisheries Limited, an audit must consider and report on— (a) (b) the performance of Aotearoa Fisheries Limited in meeting its constitu- tional requirement to work co-operatively with iwi on commercial mat- ters; and the commercial performance of Aotearoa Fisheries Limited in compari- son with other participants in the fishing industry, including its net profit after tax as determined in accordance with generally accepted accounting practice, and changes in the value of the company.
(2) In this section a reference to Aotearoa Fisheries Limited includes its subcom- panies.
81 Part 2 s 111 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 111 Audits of Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited (1) (2) In the case of Te Putea Whakatupu Trustee Limited, an audit must consider and report on the contribution that Te Putea Whakatupu Trustee Limited has made towards promoting education, training, and research in relation to Maori in- volvement in fisheries, fishing, and fisheries-related activities.
In the case of Te Wai Maori Trustee Limited, an audit must consider and report on the contribution that Te Wai Maori Trustee Limited has made in advancing the interests of Maori in freshwater fisheries.
Procedure after completion of audit 112 Procedure for auditor and entity audited (1) As soon as practicable after conducting an audit under section 105 or section 106, the auditor must— (a) prepare a written audit report that includes— (i) (ii) the findings made in the audit; and the recommendations of the auditor; and (b) distribute the audit report to— (i) (ii) each entity that is subject to audit; and Te Ohu Kai Moana Trustee Limited, in the case of an audit of Ao- tearoa Fisheries Limited, Te Putea Whakatupu Trustee Limited, or Te Wai Maori Trustee Limited.
(2) Not later than 40 working days after receiving an audit report under subsection (1), each entity subject to audit must— (a) prepare a plan specifying the actions that it intends to take to address the findings and recommendations of the audit report; and (b) provide a copy of that plan to Te Ohu Kai Moana Trustee Limited.
(3) After an audit has been completed, an entity subject to audit must include in its next annual report a description of the progress it has made in addressing the matters specified in the plan prepared under subsection (2)(a).
113 Procedure for Te Ohu Kai Moana Trustee Limited (1) Not later than 60 working days after receiving an audit report under section 112(1), Te Ohu Kai Moana Trustee Limited must distribute to the members and alternate members of Te Kawai Taumata, to all mandated iwi organisations, and to all representative Maori organisations— the audit report; and the plan prepared under section 112(2) by each entity that is subject to audit; and (a) (b) 82 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 114 (c) in the case of an audit of Aotearoa Fisheries Limited, Te Putea Whakatu- pu Trustee Limited, or Te Wai Maori Trustee Limited, any further plan prepared by Te Ohu Kai Moana Trustee Limited to address the findings and recommendations of the audit report.
(2) At its next general meeting after it has received an audit report under section 112(1), Te Ohu Kai Moana Trustee Limited must provide for consideration of— (a) (b) (c) the audit report; and the plans referred to in subsection (1)(b) and (c), as relevant; and any comments from mandated iwi organisations or representative Maori organisations on the audit report or any plans.
Requirement for review of entities 114 Review of entities (1) (2) (3) Independent reviews must be conducted in accordance with this section and sections 115 to 127.

For each of the entities listed in subsection (4), the first review must be com- pleted not later than the end of the 11th year after the commencement of this Act.
Subsequent reviews, which may be of 1 of the entities listed in subsection (4) or of 2 or more jointly, must be commenced— (a) (b) not later than the beginning of the fifth year after the date of completion of the review under subsection (2), if the reviewer found, as provided for in section 124(2), that the interests of the beneficiaries of the Deed of Settlement would be better served by changes to section 161(1) or sec- tion 168 (that restrict the disposal of settlement quota to mandated iwi organisations and Te Ohu Kai Moana Group); or not sooner than the beginning of the fifth year after the completion of the preceding review, if at least 75% of mandated iwi organisations agree, at a general meeting of Te Ohu Kai Moana Trustee Limited, that a review should be conducted in relation to— (i) (ii) a specified entity or entities; or the matters set out in section 122(1)(b).
(4) The entities referred to in subsections (2) and (3) are— (a) Te Ohu Kai Moana Trustee Limited; and (b) Aotearoa Fisheries Limited; and (c) (d) Te Putea Whakatupu Trustee Limited; and Te Wai Maori Trustee Limited.
83 Part 2 s 115 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 115 Funding of reviews (1) Te Ohu Kai Moana Trustee Limited must provide adequate funding for reviews conducted under section 114(2) and (3)(a), including— (a) (b) the budget for a committee of representatives; and remuneration of the members of that committee for attendance at meet- ings and reimbursing allowances or actual and reasonable expenses to be paid to the members in undertaking their functions under this Act.
(2) Mandated iwi organisations must fund reviews conducted under section 114(3)(b), in the proportion that each mandated iwi organisation represents of the notional iwi population specified in column 2 of Schedule 3, including— (a) (b) the budget for a committee of representatives; and remuneration and reimbursing allowances or actual and reasonable ex- penses for the members of a committee of representatives, in accordance with the provisions included in the annual plan of Te Ohu Kai Moana Trustee Limited under section 37(e) and (g).
Committee of representatives 116 Committee of representatives (1) For each review conducted under section 114, a committee of representatives must be appointed.

(2) A committee of representatives must consist of not more than 11 and not fewer than 6 members.

117 Appointment procedure (1) Clauses 1 and 3 of Schedule 8 apply, with the necessary modifications, to the appointment of a committee of representatives.
(2) Not later than 6 months before the commencement of the year referred to in section 114(2), the chairperson of the board of Te Ohu Kai Moana Trustee Limited must, by written notice,— (a) (b) request those with responsibility under clause 1 of Schedule 8 to com- mence the process to appoint the members of a committee of representa- tives; and specify the date by which the appointment of the committee of represen- tatives must be complete, which must be not later than 60 working days after the notice is given.
In the case of subsequent reviews referred to in section 114(3), not later than 6 months before the commencement of a subsequent review, the chairperson of the board of Te Ohu Kai Moana Trustee Limited must give written notice, as required by subsection (2).

(3) 84 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 120 (4) The appointments to a committee of representatives expire on the day after the date on which the review report is distributed by that committee under section 125(2).
118 Functions of committee of representatives (1) The only functions of a committee of representatives are— (a) (b) (c) to set the terms of reference for the review in respect of which the com- mittee has been appointed; and to appoint the reviewer; and to receive and distribute the review report in accordance with section 125.

(2) The committee of representatives must complete its functions in subsection (1)(a) and (b) not later than 60 working days after the date specified under sec- tion 117(2)(b).
119 Terms of reference (1) The terms of reference required by section 118(1) must include— (a) (b) the date for the commencement of the review (which must be not later than 6 months after the date of the notice given under section 117(2)(b)); and the date by which the review report must be presented under section 125(1) (which must be not later than 6 months after the commencement date set under paragraph (a)).
(2) Before finalising the terms of reference for the review, the committee of repre- sentatives must, for the purposes of consultation,— (a) provide the draft terms of reference to— (i) (ii) (iii) all mandated iwi organisations and representative Maori organisa- tions; and the members of Te Kawai Taumata; and the entity under review; and (b) allow 20 working days for written comments to be provided to the com- mittee.
(3) The terms of reference must be consistent with the requirements of sections 122 to 124.

120 Procedure and remuneration of committee of representatives (1) A committee of representatives must regulate its own procedure.

(2) However,— (a) a quorum for a meeting of a committee is 6 members; and 85 Part 2 s 121 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b) a committee must not transact business unless the quorum is present at the meeting.
(3) A meeting of a committee may be conducted by teleconference or by any means of communication that allows the members of the committee to partici- pate effectively in the proceedings.
(4) As provided for in section 115, the members of a committee are entitled to re- ceive from Te Ohu Kai Moana Trustee Limited or from mandated iwi organisa- tions, as the case may be,— (a) (b) remuneration for attendance at meetings; and reimbursing allowances or actual and reasonable expenses incurred in undertaking the functions of a committee of representatives.
Conduct of review 121 Reviewer (1) Every review conducted under this subpart must be carried out by an independ- ent person— (a) (b) appointed by the committee of representatives; and appropriately qualified to conduct the review.

(2) In carrying out a review, the reviewer must— (a) maintain the appropriate degree of impartiality and independence; and (b) take all reasonable steps to ensure that his or her judgment is not im- paired by any relationship with, or interest in, the entity under review.
(3) The independence of a reviewer is not compromised merely because that per- son has a beneficial interest under this Act.
122 Scope of review (1) Every review conducted under section 114 must consider and report on— (a) the effect on the entity under review of the governance arrangements provided for by or under this Act as those arrangements relate to— (i) (ii) (iii) the performance of that entity in achieving its duties and func- tions; and the ability of that entity to deliver benefits to the beneficiaries of the entity; and the ability of that entity to contribute to achieving the purposes of the Act; and (b) the effect of the restrictions on the disposal of settlement assets as they relate to the ability of— 86 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 123 (i) mandated iwi organisations (and their asset-holding companies and subsidiaries of the asset-holding companies) to deliver bene- fits to the members of their iwi; and (ii) Aotearoa Fisheries Limited to deliver benefits to its income share- holders; and (c) whether, without creating an inconsistency with the purposes of this Act or with the purpose of Te Ohu Kai Moana, the interests of the beneficiar- ies of the Deed of Settlement would be better served by changes to— (i) (ii) the governance arrangements of an entity: the restrictions on the disposal of settlement assets.
(2) In this section,— beneficiary of an entity means— (a) (b) (c) in the case of Te Ohu Kai Moana Trustee Limited, the beneficiaries of the Deed of Settlement; and in the case of Aotearoa Fisheries Limited, its income shareholders; and in the case of Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited, those individuals and groups entitled to apply for distri- butions provided for under the distribution policy of the relevant trust deed governance arrangements include— (a) the procedures and criteria to appoint— (i) the directors of Te Ohu Kai Moana Trustee Limited, Aotearoa Fisheries Limited, Te Putea Whakatupu Trustee Limited, and Te Wai Maori Trustee Limited; and (ii) the members and alternate members of Te Kawai Taumata; and (b) (c) (d) the ownership structure of each entity, including the shareholding struc- ture of Aotearoa Fisheries Limited; and the procedural requirements that enable the beneficiaries of an entity to hold directors accountable for management performance; and the provisions required by this Act for the constitution and the trust deed (if any) of an entity.
123 Further relevant considerations Every review conducted under section 114 must take into account— (a) (b) the findings and reports of relevant audits conducted under section 105 or section 106; and in each case, the plan prepared under section 112(2) by the entity subject to audit.
87 Part 2 s 124 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 124 Limits to recommendations that may be made (1) A reviewer must not recommend a change to the requirement in the trust deeds of Te Ohu Kai Moana, Te Putea Whakatupu Trust, or Te Wai Maori Trust that, upon termination, the trust assets or funds be distributed to iwi in the percen- tages specified in column 3 of Schedule 3.
(2) If, in conducting a review under section 114(2), a reviewer finds that the inter- ests of the beneficiaries of the Deed of Settlement would be better served by changes to section 161(1) or section 168 (which restrict the disposal of settle- ment quota to mandated iwi organisations and Te Ohu Kai Moana Group),— (a) the reviewer must— (i) (ii) include the finding in the review report; but not recommend that the restrictions be changed; and (b) a subsequent review must be carried out, as provided for by section 114(3)(a), not later than 5 years after the completion of the review under section 114(2).
(3) (4) If, in conducting a review of Te Putea Whakatupu Trustee Limited or Te Wai Maori Trustee Limited under section 114(2) or (3), a reviewer finds that the en- tity continues to fulfil its purpose under this Act, the reviewer must not recom- mend that the relevant trust be wound up.

If a reviewer makes findings of the kind referred to in subsections (2) or (3), mandated iwi organisations must not amend a recommendation to achieve a change to the restriction.
Procedure after completion of review 125 Report on review (1) As soon as practicable after conducting a review under section 114, a reviewer must— (a) prepare a written report that includes— (i) (ii) the findings made in the review; and the recommendations of the reviewer; and (b) present the review report to— (i) (ii) the committee of representatives; and each entity under review.
(2) As soon as practicable after receiving the review report, the committee of rep- resentatives must distribute the report to— Te Ohu Kai Moana Trustee Limited; and all mandated iwi organisations and representative Maori organisations; and (a) (b) 88 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 2 s 127 (c) the members and alternate members of Te Kawai Taumata.
126 Consideration of review report by entity under review (1) Not later than 40 working days after receiving a review report under section 125(1), the entity under review may prepare a plan specifying the actions that it intends to take to address the findings and recommendations of the reviewer.
(2) A plan prepared under subsection (1) must be distributed to— (a) (b) Te Ohu Kai Moana Trustee Limited; and all mandated iwi organisations and representative Maori organisations; and (c) the members and alternate members of Te Kawai Taumata.
127 Consideration of review report (1) At a general meeting of Te Ohu Kai Moana Trustee Limited convened not later than 60 working days after the distribution of a review report under section 125(2), Te Ohu Kai Moana Trustee Limited must make provision on the agen- da for consideration of— (a) (b) (c) (d) the review report; and any plan prepared under section 126(1) by the entity under review; and any comments from mandated iwi organisations on the review report or on any plan; and any comments from members or alternate members of Te Kawai Tauma- ta on the review report, as provided for in section 56(2)(d).
(2) At the meeting referred to in subsection (1), the mandated iwi organisations may resolve to— (a) (b) (c) adopt all or some of the recommendations set out in the review report; or adopt all or part of the plan prepared under section 126(1); or without creating an inconsistency with the purposes of this Act or the purpose of Te Ohu Kai Moana, amend, and adopt as amended, any of those recommendations.
(3) If 75% or more of the mandated iwi organisations, representing over 50% of the total notional iwi population, support a resolution made under subsection (2),— (a) the entity under review must— (i) (ii) within a reasonable time implement the resolutions to the extent that they are not inconsistent with this Act or any other enactment or rule of law; and include in its next annual plan a description of any action required as a result of the resolutions implemented under subparagraph (i); and 89 Part 2 s 128 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b) if amendments to the Act are required, Te Ohu Kai Moana Trustee Limited must request the Minister to promote the necessary amend- ments.
Requirement to provide information 128 Information requested by auditor or reviewer Information requested by or on behalf of the auditor in relation to an audit con- ducted under section 105 or section 106, or by or on behalf of the reviewer in relation to a review conducted under section 114, must be provided promptly by the person or entity that— (a) (b) (c) has or controls the information; or is contractually entitled to the information; or can obtain the information by reasonable effort.
Part 3 Allocation and transfer of settlement assets 129 Outline of this Part (1) The provisions of this Part govern the allocation and transfer of settlement as- sets (including settlement money, any surplus funds, and any New Zealand units allocated to Te Ohu Kai Moana Trustee Limited under the fishing alloca- tion plan issued under the Climate Change Response Act 2002) and set out the bases for allocation of— (a) (b) (c) (d) (e) (f) (g) inshore quota; and deepwater quota; and harbour quota; and freshwater quota; and settlement quota within Specified Fisheries Management Areas; and Chatham Island allocations; and specified cash allocations.
(2) It also makes provision for— (a) (b) (c) (d) the transfer of settlement assets; and the sale of annual catch entitlement; and requirements relating to assets held in trust; and the status of settlement assets under the Inland Revenue Acts.

Section 129(1): amended, on 8 December 2009, by section 87(3) of the Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 (2009 No 57).
90 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 132 Subpart 1—Allocation and transfer of settlement assets Duty 130 Duty to allocate and transfer settlement assets (1) As soon as is reasonably practicable after Te Ohu Kai Moana Trustee Limited is satisfied that an iwi has met the criteria specified in subsection (3), it must— (a) (b) (c) allocate settlement assets to that iwi in accordance with this Part; and transfer the allocated cash assets to the mandated iwi organisation of the iwi; and transfer the settlement quota and income shares to 1 or more of the asset- holding companies of the mandated iwi organisation, so long as the as- set-holding companies comply with section 17(1).
(2) A transfer of settlement quota under subsection (1) is subject to section 151.

(3) An iwi must meet the following criteria before settlement assets may be trans- ferred to it: (a) (b) Te Ohu Kai Moana Trustee Limited has recognised a mandated iwi or- ganisation for the iwi under section 13(1); and the mandated iwi organisation holds, for all relevant quota management stocks, registered coastline entitlements as provided for by section 11, including separate entitlements for any relevant harbour quota.
Further circumstance when Te Ohu Kai Moana Trustee Limited must allocate and transfer settlement assets 131 Interpretation In sections 132 to 134,— affected iwi has the meaning it is given in clause 2 of Schedule 6 named iwi means an iwi identified in a request made under section 132(2).
132 Application of sections 133 and 134 (1) Sections 133 and 134 apply if an iwi— (a) (b) has a mandated iwi organisation recognised by Te Ohu Kai Moana Trust- ee Limited; but cannot finalise all its coastline claims under clause 3 of Schedule 6 sole- ly because 1 or more named iwi do not have a mandated iwi organisa- tion.
(2) A mandated iwi organisation may, by written notice,— (a) request Te Ohu Kai Moana Trustee Limited to exercise its powers under section 133; and 91 Part 3 s 133 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b) identify any affected iwi that does not have a mandated iwi organisation.
(3) Before making a request under subsection (2), a mandated iwi organisation must, in relation to any affected iwi that has a mandated iwi organisation,— (a) (b) resolve any dispute and conclude all necessary agreements relevant to its coastline claims in accordance with clauses 6 and 7 of Schedule 6; and request Te Ohu Kai Moana Trustee Limited to register the agreements under clause 8 of Schedule 6.
(4) A request made under subsection (2) must be accompanied by coastline claims for all quota management stocks and harbour quota relevant to the iwi of the mandated iwi organisation making the request, except to the extent that any coastline entitlements have already been determined for that iwi.
133 Procedure if request made under section 132(2) (1) When Te Ohu Kai Moana Trustee Limited receives a request from a mandated iwi organisation under section 132(2), it must, in accordance with the process set out in clause 10 of Schedule 6, complete the verification of the data and agreements for the coastline claims as they relate to affected iwi (other than the named iwi).
(2) If Te Ohu Kai Moana Trustee Limited is satisfied that the mandated iwi organ- isation is unable to finalise its coastline claims solely because 1 or more of the named iwi do not have a mandated iwi organisation, Te Ohu Kai Moana Trust- ee Limited must— (a) give written notice to the recognised iwi organisation of each relevant named iwi— (i) (ii) (iii) that coastline claims have been made by the mandated iwi organ- isation; and of the details of the coastline claims that affect the named iwi; and that the provisions of section 134 may be invoked for the benefit of the mandated iwi organisation that made the request under sec- tion 132(2) on the specified date (which must be 3 years after the date of the notice), if any of the named iwi do not have a manda- ted iwi organisation on or before that date; and (b) record in the iwi register— (i) (ii) (iii) its determination that the finalisation of coastline claims of that mandated iwi organisation is delayed; and the identity of the relevant named iwi; and a copy of any notice given under paragraph (a).
134 Allocation and transfer after request under section 132(2) If, before the date specified in the notice issued to a named iwi under section 133(2)(a)(iii), Te Ohu Kai Moana Trustee Limited recognises a mandated iwi (1) 92 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 135 organisation for that iwi, the mandated iwi organisation that made the request under section 132(2) must— (a) (b) complete the necessary agreements in accordance with clauses 6 and 7 of Schedule 6; and request Te Ohu Kai Moana Trustee Limited to register those agreements under clause 8 of Schedule 6.
(2) If, after the date specified in the notice issued to a named iwi under section 133(2)(a)(iii), any agreements required under subsection (1) have been comple- ted, but 1 or more named iwi do not have a mandated iwi organisation, Te Ohu Kai Moana Trustee Limited must proceed to determine coastline entitlements for the mandated iwi organisation that made the request under section 132(2).
(3) Coastline entitlements determined under subsection (2) must be made in ac- cordance with— (a) (b) section 11 and Schedule 6; and the coastline claims made by the mandated iwi organisation, as suppor- ted or modified by any agreements registered under clause 8 of Schedule 6.
(4) To avoid doubt, the specified points in the coastline claims that would other- wise require the agreement of the named iwi that does not have a mandated iwi organisation must be treated as if they were subject to such an agreement.
Discretionary power 135 Discretion to allocate and transfer (1) If a mandated iwi organisation does not, 2 years or more after the date when it, or the iwi’s first mandated iwi organisation (for a mandated iwi organisation that replaced another organisation under section 18E(2)), was recognised by Te Ohu Kai Moana Trustee Limited, hold the registered coastline entitlements re- quired by section 130(3)(b), Te Ohu Kai Moana Trustee Limited may allocate and transfer, in accordance with sections 130(1) and 151, any or all of the fol- lowing settlement assets to that mandated iwi organisation: (a) (b) (c) non-quota settlement assets: settlement quota for which the mandated iwi organisation holds a regis- tered coastline entitlement: settlement quota for which the mandated iwi organisation does not hold a registered coastline entitlement.
(2) However, if a transfer is made under subsection (1)(c),— (a) settlement quota that is to be allocated on the basis of coastline may only be transferred in proportion to the length of coastline of the relevant iwi that Te Ohu Kai Moana Trustee Limited is satisfied is unlikely to be dis- puted; and 93 Part 3 s 136 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b) in the case of deepwater quota for which a registered coastline entitle- ment is required, settlement quota that is to be allocated on the basis of population must not be transferred unless a transfer of that quota man- agement stock is made under subsection (2)(a).
(3) Assets transferred under subsection (1)(a) or (b) must have been allocated to the iwi in accordance with sections 137 and 139 to 141.

Section 135(1): amended, on 16 September 2011, by section 6 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
136 Limitations applying if mandated iwi organisation receives settlement quo- ta under section 135 (1) If settlement quota is transferred to a mandated iwi organisation under section 135(1)(c), the mandated iwi organisation, or a new organisation recognised in place of that organisation under section 18E(2), must— (a) not sell, exchange, or otherwise transfer that quota until it holds regis- tered coastline entitlements for the relevant quota management stock; and (b) where another mandated iwi organisation becomes entitled to any amount of that quota as a result of holding a registered coastline entitle- ment, transfer the relevant amount of that quota to that mandated iwi or- ganisation without consideration or compensation before the start of the next fishing year.
(2) This section applies in addition to, and does not limit, the provisions of Part 4.

Section 136(1): amended, on 16 September 2011, by section 7 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
Settlement asset money 137 Transfer of money (1) Te Ohu Kai Moana Trustee Limited must transfer settlement asset money it re- ceives under section 194 as follows: (a) (b) (c) (d) (e) $20 million, without the addition of earnings, to Te Putea Whakatupu Trustee Limited in accordance with section 90(1) and (2); and $10 million, without the addition of earnings, to Te Wai Maori Trustee Limited in accordance with section 103(1) and (2); and $5 million, with the addition of earnings, to Te Ohu Kai Moana Trustee Limited as capital of Te Ohu Kai Moana; and amounts of money to iwi, as set out in sections 149 and 150, without the addition of earnings or other adjustments; and $18 million, with the addition of earnings on that amount and on the amounts referred to in paragraphs (a), (b), and (d) until the payments are 94 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 138 made under those paragraphs, may be applied by Te Ohu Kai Moana Trustee Limited to fund transitional arrangements, including— (i) (ii) (iii) funding to enable Te Ohu Kai Moana Trustee Limited to perform its functions, including assisting iwi and recognised iwi organisa- tions under section 34 to meet their obligations under this Act; and up to $5 million to Te Putea Whakatupu Trustee Limited under section 90(3); and up to $2 million to Te Wai Maori Trustee Limited, under section 103(4); and (f) $20.7 million, plus earnings, under section 130 or section 135 to manda- ted iwi organisations in the percentage specified for each iwi in column 3 of Schedule 3.
(2) Te Ohu Kai Moana Trustee Limited must not make payments of money under section 90(5) or section 103(6) before any obligation under section 138 has been discharged, unless— (a) (b) it first submits to the mandated iwi organisation of each iwi listed in Schedule 3 a written proposal to make such a payment; and at least 75% of mandated iwi organisations representing at least 50% of the total notional iwi population specified in column 2 of Schedule 3 support the proposal in writing to Te Ohu Kai Moana Trustee Limited not later than 20 working days after the date when Te Ohu Kai Moana Trustee Limited submitted the proposal to mandated iwi organisations.
138 Allocation of surplus funds (1) If the annual plan of Te Ohu Kai Moana Trustee Limited for the year that ends 5 years after the commencement of this Act forecasts an accumulated net posi- tive cash balance, Te Ohu Kai Moana Trustee Limited must comply with sub- section (2).
(2) The net positive cash balance (if any) that exists at the end of the relevant year must be allocated to mandated iwi organisations— (a) (b) in accordance with sections 130 and 135; and in the percentage specified for each iwi in column 3 of Schedule 3.
(3) However, Te Ohu Kai Moana Trustee Limited may retain all or part of any net positive cash balance to use for specified purposes or projects on behalf of all iwi, so long as it— (a) (b) submits a written proposal to do so to the mandated iwi organisation of each iwi listed in Schedule 3; and at least 75% of mandated iwi organisations, representing at least 50% of the total notional iwi population specified in column 3 of Schedule 3, support the proposal in writing to Te Ohu Kai Moana Trustee Limited 95 Part 3 s 138A Maori Fisheries Act 2004 Reprinted as at 1 April 2014 not later than 20 working days after the date when Te Ohu Kai Moana Trustee Limited submitted the proposal to mandated iwi organisations.
(4) Despite subsections (2) and (3), Te Ohu Kai Moana Trustee Limited may set aside up to $10 million from the net positive cash balance referred to in subsec- tion (2) against its liability to Te Wai Maori Trustee Limited under section 103(3).
(5) In this section the forecast net positive cash balance referred to in subsection (1) must be determined according to generally accepted accounting practice, after taking into account the amounts allocated under section 137(1)(a) to (d) and (f), but yet to be paid.
138A Allocation and transfer of New Zealand units (1) In this section— New Zealand units means New Zealand units allocated to Te Ohu Kai Moana Trustee Limited under the fishing allocation plan issued under the Climate Change Response Act 2002 unallocated quota means quota held by Te Ohu Kai Moana Trustee Limited on 24 September 2009 and that had not been allocated pursuant to section 130(1), 135, or 151 of this Act at that date.
(2) When Te Ohu Kai Moana Trustee Limited allocates and transfers unallocated quota to an iwi or a mandated iwi organisation in accordance with section 130(1), 135, or 151 of this Act, Te Ohu Kai Moana Trustee Limited must, at the same time, allocate and transfer New Zealand units associated with that quota to that iwi or mandated iwi organisation in accordance with those provi- sions.
(3) Te Ohu Kai Moana Trustee Limited must notify the Minister responsible for the administration of the Climate Change Response Act 2002 of the details of any allocation and transfer of unallocated quota and New Zealand units associ- ated with that quota under subsection (2) no later than 10 working days after the date on which the unallocated quota and associated New Zealand units are allocated and transferred.
Section 138A: inserted, on 8 December 2009, by section 87(4) of the Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 (2009 No 57).

139 Allocation of income shares Income shares Te Ohu Kai Moana Trustee Limited must allocate the income shares in Aotear- oa Fisheries Limited referred to in section 67(3)(b) to iwi— (a) (b) in the percentage specified for each iwi in column 3 of Schedule 3; and in accordance with the requirements of sections 130 and 135.
96 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 142 Subpart 2—Bases for allocation of settlement quota Inshore quota 140 Allocation of inshore quota (1) When allocating inshore quota, Te Ohu Kai Moana Trustee Limited must, after setting aside any harbour quota, allocate to each iwi the same proportion of the settlement quota for each quota management stock that the iwi coastline bears to the total coastline of the quota management area for that stock, as deter- mined in accordance with section 11 and Schedule 6.
(2) This section applies unless, in the circumstances, sections 142 to 146 are rele- vant.
141 Allocation of deepwater quota Deepwater quota When allocating deepwater quota to iwi, Te Ohu Kai Moana Trustee Limited must— (a) (b) (c) divide the total settlement quota for each quota management stock into 2 parcels, comprising 25% and 75% of the total amount respectively; and allocate to each iwi an amount from the 25% parcel on the same basis as the allocation of inshore quota; and allocate the 75% parcel to each iwi in accordance with the percentages specified in column 3 of Schedule 3.
Chatham zone 142 Chatham Island allocations (1) In this section,— Chatham iwi means the Moriori iwi and the Ngati Mutunga (Chathams) iwi Chatham zone— (a) means the area within 200 nautical miles of the baseline of the territorial sea around the Chatham Islands, as determined under the Territorial Sea, Contiguous Zone, and Exclusive Economic Zone Act 1977; and (b) includes a single and contiguous shared zone that lies— (i) within the area described in paragraph (a); and (ii) within the area that would be within 200 nautical miles of the baseline of the territorial sea around New Zealand if the Chatham Islands were not part of New Zealand; and (iii) between 2 points at which the boundaries of the areas described in subparagraphs (i) and (ii) intersect, at approximately 40°20.7′S 177°58.2′W and 44°06.5′S 178°21.2′E.
97 Part 3 s 142 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (2) If a quota management area is partly within the Chatham zone, the settlement quota for that quota management stock must be divided for the purpose of allo- cation into 2 portions in accordance with subsection (3), with— (a) (b) 1 portion being attributed to the Chatham zone; and the other portion being attributed to the remaining part of the quota man- agement area to be allocated under section 140 or section 141 or section 144, as if it were an allocation for a complete quota management area.
(3) If settlement quota for a stock is to be divided under subsection (2), the portion of the quota for the stock attributable to the Chatham zone is given by— where a b × c a = ac − as 2 and ac as ac and as are derived from— means the amount of stock taken in the Chatham zone means the amount of stock taken from the shared zone (i) (ii) in the case of stocks introduced into the quota management sys- tem before 1 October 1999, the total of all commercial catches for the stock for the fishing years commencing on 1 October 1990 and ending on 30 September 2001 (inclusive): in the case of stocks introduced into the quota management sys- tem after 1 October 1999, the total of all commercial catches of the stock for the most recent 5 fishing years of available data means the total of all commercial catches for the stock for the relevant period described in subparagraphs (i) and (ii) means the amount of settlement quota for the stock.
b c (4) If a quota management area is wholly within the Chatham zone, all the settle- ment quota for that stock is attributed to the Chatham zone.
(5) When allocating settlement quota attributed to the Chatham zone, Te Ohu Kai Moana Trustee Limited must allocate that quota as follows: (a) for inshore quota, Te Ohu Kai Moana Trustee Limited must allocate, to each Chatham iwi, the proportion of the settlement quota for each stock, as established in a registered coastline entitlement, either— (i) as agreed between the mandated iwi organisations of the Chatham iwi; or 98 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 144 (ii) in the proportion that the iwi coastline bears to the total coastline of the Chatham Islands for that stock as determined in accordance with section 11 and Schedule 6; and (b) for deepwater quota, Te Ohu Kai Moana Trustee Limited must— (i) (ii) (iii) divide the total settlement quota attributed to the Chatham zone for each stock into 2 equal parcels; and allocate to each Chatham iwi an amount from one parcel on the same basis as inshore quota is allocated under paragraph (a); and allocate to each iwi the percentage of the other parcel specified in column 3 of Schedule 3.
Harbour quota 143 Allocation of quota within harbours (1) (2) Te Ohu Kai Moana Trustee Limited must allocate harbour quota to iwi whose territory abuts a harbour specified in Part 1 of Schedule 2.
If more than 1 iwi has its territory abutting a harbour specified in Part 1 of Schedule 2, the mandated iwi organisations of those iwi must take all reasona- ble steps— (a) (b) to consult with each other; and to agree on the proportion of the harbour quota for each relevant stock that must be— (i) (ii) attributed to each iwi; and used subsequently by the mandated iwi organisation of each iwi in submitting coastline claims for that harbour quota.
(3) If, after negotiating in good faith, mandated iwi organisations are unable to reach agreement under subsection (2)(b), they may enter into the dispute reso- lution process provided for in Part 5.

(4) Harbour quota must be deducted from the total settlement quota for each rele- vant stock before the general allocation of that stock is made under section 140.
(5) The classification of settlement quota as harbour quota under section 7 for each quota management stock lapses when all that quota has been allocated.

Allocations in specified Fishery Management Areas 144 Allocation of settlement quota in quota management areas same as Fishery Management Area 4 (1) This section applies if a quota management area for a quota management stock is exactly the same as Fishery Management Area 4.
(2) When allocating settlement quota for a stock referred to in subsection (1), Te Ohu Kai Moana Trustee Limited must allocate to each iwi that portion of the 99 Part 3 s 145 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 quota not attributed to the Chatham zone, in accordance with the percentages specified in column 3 of Schedule 3.
145 Allocation of settlement quota in quota management areas same as Fishery Management Area 6 (1) This section applies if a quota management area for a quota management stock is exactly the same as Fishery Management Area 6.

(2) When allocating settlement quota for a stock referred to in subsection (1), Te Ohu Kai Moana Trustee Limited must allocate that quota to each iwi in accord- ance with the percentages specified in column 3 of Schedule 3.
146 Allocation of settlement quota in quota management areas same as Fishery Management Area 10 (1) (2) This section applies if a quota management area for a quota management stock is exactly the same as Fishery Management Area 10.

Te Ohu Kai Moana Trustee Limited must not allocate the settlement quota de- scribed in Part 3 of Schedule 1 unless it is satisfied that there is a commercially viable total allowable commercial catch for the relevant quota management stock.
(3) When allocating settlement quota under subsection (2), Te Ohu Kai Moana Trustee Limited must allocate that quota to each iwi in accordance with the percentages specified in column 3 of Schedule 3.

Highly migratory species 147 Allocation of settlement quota for highly migratory species (1) This section applies if a quota management stock is for a species listed in Schedule 4B of the Fisheries Act 1996.
(2) When allocating settlement quota for a stock to which this section applies, Te Ohu Kai Moana Trustee Limited must allocate that quota to each iwi in accord- ance with the percentages specified in column 3 of Schedule 3.

Adjustments to number of quota shares available for distribution Heading: inserted, on 13 December 2006, by section 5 of the Maori Fisheries Amendment Act 2006 (2006 No 78).
147A Recalculation of allocations of deepwater stock (1) Subsection (2) applies if— (a) the number of shares for a stock available for distribution is reduced by the application of section 23(1) of the Fisheries Act 1996 as a result of accrued interests arising under section 28N of the Fisheries Act 1983; and 100 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 148 (b) deepwater stock has been allocated to an iwi under section 141 or 142; but (c) the quota shares have not been transferred to the iwi.
(2) Te Ohu Kai Moana Trustee Limited must recalculate the number of quota shares allocated to an iwi, and amend the register accordingly.

Section 147A: inserted, on 13 December 2006, by section 5 of the Maori Fisheries Amendment Act 2006 (2006 No 78).
147B Allocation of reduced number of quota shares The number of quota shares listed in the third column of Schedule 1 for a quota management stock is reduced in the same proportion as the number of settle- ment quota shares for that stock is reduced if section 23(1) of the Fisheries Act 1996 applies as a result of accrued interests arising under section 28N of the Fisheries Act 1983.

Section 147B: inserted, on 13 December 2006, by section 5 of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Freshwater quota 148 Allocation of freshwater quota (1) When allocating freshwater quota, Te Ohu Kai Moana Trustee Limited must al- locate that quota to each iwi whose territory falls wholly or partly within the quota management area for each quota management stock.
(2) If more than 1 iwi has its territory within a quota management area, an alloca- tion of freshwater quota under subsection (1) may be made by Te Ohu Kai Moana Trustee Limited only— (a) (b) in accordance with an agreement entered into by the mandated iwi or- ganisations of all the iwi whose territory is wholly or partly within the quota management area, that sets out how the settlement quota for the quota management area is to be divided among those iwi; or if there is no agreement between the mandated iwi organisations of the iwi whose territory is wholly or partly within the quota management area, as identified under subsection (1), in the proportion that the popula- tion of each iwi living within the quota management area bears to the combined population of those iwi living within the quota management area.
(3) For the purpose of subsection (2)(b), the population of an iwi living within a quota management area must be determined from the 2001 census.

Alteration of quota management areas under Fisheries Act 1996 Heading: inserted, on 13 December 2006, by section 6 of the Maori Fisheries Amendment Act 2006 (2006 No 78).
101 Part 3 s 148A Maori Fisheries Act 2004 Reprinted as at 1 April 2014 148A Consequence of altering quota management area (1) This section applies to Te Ohu Kai Moana Trustee Limited if— (a) a quota management area is altered under section 25 of the Fisheries Act 1996; and (b) settlement quota for that area has not been fully allocated under this Act.
(2) Te Ohu Kai Moana Trustee Limited must— (a) (b) first calculate all entitlements to settlement quota for the relevant stock as if the quota management area had not been altered under section 25 of the Fisheries Act 1996; and then convert the amount of the quota shares for the stock to the shares relevant to the altered quota management area, applying the method set out in either— (i) (ii) the quota owner agreement entered into under section 25A of the Fisheries Act 1996 for that stock; or the plan approved by the Minister under section 25B of the Fisher- ies Act 1996 for that stock.
Section 148A: inserted, on 13 December 2006, by section 6 of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Cash allocations 149 Additional cash in lieu of shortfall in settlement quota (1) This section applies if there are fewer than 10 000 000 shares for a quota man- agement stock listed in Part 1 of Schedule 1, but only if the value of these shares is greater than $100.
(2) When transferring settlement quota for stocks referred to in subsection (1), Te Ohu Kai Moana Trustee Limited must, at the time of transfer, pay to any man- dated iwi organisations of iwi that receive an allocation of that quota the amount in cash specified for that stock in column 4 of Part 1 of Schedule 1 in the same proportion that the quota is distributed.
150 Specific cash transfers to certain iwi (1) Te Ohu Kai Moana Trustee Limited must pay the stated sum of money to the mandated iwi organisation of each of the following iwi at the time when the iwi is entitled to have settlement assets transferred to it under section 130: (a) Te Atiawa ki Whakarongotai, the sum of $398,039: (b) Ngai Takoto, the sum of $556,184: (c) Ngati Whare, the sum of $585,234: (d) Ngati Maru, the sum of $463,348: (e) Ngati Hauiti, the sum of $385,247: 102 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 152 (f) Ngati Pukenga, the sum of $264,544: (g) Ngati Manawa, the sum of $72,841.
(2) The payments under subsection (1) are in addition to any other entitlements of the iwi under this Act.

Subpart 3—Transfer of settlement assets 151 Transfer of allocated settlement quota (1) (2) Te Ohu Kai Moana Trustee Limited must transfer settlement quota allocated under section 130 in accordance with this section.
If the mandated iwi organisation of an iwi to which settlement quota has been allocated wishes and is eligible to receive ownership of that quota,— (a) (b) it must, not later than 6 months before the start of the next fishing year applicable to that quota management stock (or a lesser period that Te Ohu Kai Moana Trustee Limited agrees is practicable in the circumstan- ces), make written request to Te Ohu Kai Moana Trustee Limited to transfer some or all of that allocated settlement quota; and Te Ohu Kai Moana Trustee Limited must transfer the quota requested by the mandated iwi organisation to an asset-holding company of that man- dated iwi organisation before the start of the next fishing year that ap- plies to each stock.
(3) In relation to settlement quota allocated to an iwi under section 130 but not transferred by Te Ohu Kai Moana Trustee Limited, the mandated iwi organisa- tion must, not later than the end of the year which is 4 years after the com- mencement of this Act, notify Te Ohu Kai Moana Trustee Limited as to wheth- er the members of that iwi wish the allocated settlement quota— (a) (b) to continue to be managed by Te Ohu Kai Moana Trustee Limited on be- half of the iwi; or to be transferred to an asset-holding company of the mandated iwi or- ganisation; or (c) to be consolidated with other quota for sale under section 172.
152 Offer of annual catch entitlement (1) Te Ohu Kai Moana Trustee Limited must, unless 1 or more of the conditions in subsection (3) apply, offer the annual catch entitlement derived from settlement quota that has not been transferred under section 130 or section 135— (a) (b) to mandated iwi organisations; and in a manner that reflects as closely as possible, based on the available information, the bases for allocation of settlement quota to iwi under subpart 2, including, in relation to settlement quota allocated on the basis of coastline entitlement, agreements between groups of mandated iwi or- 103 Part 3 s 152 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 ganisations on the division of annual catch entitlements to be offered to them.
(2) Te Ohu Kai Moana Trustee Limited may, as it sees fit,— (a) (b) (c) offer to sell the annual catch entitlement that would otherwise be offered to a mandated iwi organisation under subsection (1) to Aotearoa Fisher- ies Limited or its nominated subcompany at commercial rates; or sell that annual catch entitlement on the open market; or in the circumstances referred to in subsection (3)(c), determine the amount of annual catch entitlement to be offered to each affected manda- ted iwi organisation.
(3) Subsection (2) applies only if— (a) (b) there is no mandated iwi organisation or recognised iwi organisation for an iwi; or Te Ohu Kai Moana Trustee Limited considers that the recognised iwi or- ganisation has not demonstrated reasonable progress in meeting the cri- teria set out in section 14; or (c) in the case of a particular group of iwi,— (i) (ii) there is sufficient information to satisfy subsection (1)(b) for the group as a whole, but not for 1 or more individual iwi of that group; and the mandated iwi organisations of the group as a whole are unable to agree on a division of the annual catch entitlement to be offered to them.
(4) Te Ohu Kai Moana Trustee Limited must hold in trust the net proceeds of a sale under subsection (2)(a) or (b) (after deducting its reasonable costs and ex- penses) to be transferred to the relevant mandated iwi organisation when it is established or when the matters referred to in subsection (3)(b) or (c) are rem- edied or settled.
(5) Te Ohu Kai Moana Trustee Limited may prescribe the terms and conditions for offering annual catch entitlement under subsection (1) or subsection (2)(c)— (a) by describing in its draft annual plan distributed in accordance with sec- tion 36(1)(c), or in a panui distributed to all mandated iwi organisations and recognised iwi organisations,— (i) (ii) (iii) the proposed terms and conditions for offering annual catch en- titlements; and the reason for the charges (if any) to be levied for annual catch en- titlements against mandated iwi organisations; and how Te Ohu Kai Moana Trustee Limited proposes to use the ex- pected net revenue (if any) from these charges; and 104 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 3 s 154 (b) after taking into account the response of mandated iwi organisations and recognised iwi organisations.
Subpart 4—Miscellaneous Assets held in trust 153 When settlement assets must be held in trust (1) Unless Te Ohu Kai Moana Trustee Limited exercises its discretion under sec- tion 135(1), it must hold in trust for each iwi that does not comply with section 130(3)— (a) the income shares that would otherwise be transferred to each mandated iwi organisation; and (b) any dividends that relate to those shares.
(2) Te Ohu Kai Moana Trustee Limited is entitled to withhold from any dividends held in trust under subsection (1)(b) the reasonable costs incurred in adminis- tering the income shares and dividends.
Status of settlement assets for purposes of Inland Revenue Acts and other enactments 154 Status of settlement assets (1) (2) For the purposes of the Inland Revenue Acts, the value of the settlement assets transferred under this Part to a mandated iwi organisation or to an asset-holding company (including settlement quota and income shares) is included in the available subscribed capital of the company, trust, or other body to which the assets are transferred.
Income tax, goods and services tax, gift duty, any tax duty levy, and any other charge imposed or provided for under the Inland Revenue Acts or any other en- actment do not apply to allocations or transfers of settlement assets— (a) by Te Ohu Kai Moana Trustee Limited to— (i) (ii) mandated iwi organisations; or asset-holding companies required by section 12(1)(d); or (iii) Te Putea Whakatupu Trustee Limited; or (iv) Te Wai Maori Trustee Limited; and (b) by an asset-holding company to any of its subsidiaries established under section 16(3), so long as that allocation or transfer is completed within 12 months of the transfer of settlement assets by Te Ohu Kai Moana Trustee Limited to the relevant asset-holding company under section 151.
105 Part 4 s 155 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Part 4 Settlement quota interests, sales and exchanges of settlement quota, related restrictions, and option to purchase 155 Outline of this Part This Part provides for the following matters: (a) (b) (c) (d) (e) (f) the registration under the Fisheries Act 1996 of a settlement quota inter- est against quota shares owned by asset-holding companies or subsidia- ries of asset-holding companies; and a general restriction on the transfer of settlement quota; and the basis on which settlement quota may be disposed of; and exceptions to the general constraint on disposal, including provisions for the exchange, of settlement quota; and an option to purchase (right of first refusal), with a procedure for selling bundles of assets that include settlement quota; and a power for Te Ohu Kai Moana Trustee Limited to make further rules for the sale or exchange of settlement quota.
156 Interpretation In this Part, bundle of assets means a bundle that contains 1 or more stocks of settlement quota and may contain other assets, including non-quota settlement assets and non-settlement assets.
Subpart 1—Registration of settlement quota interests 157 Registration of settlement quota interests (1) Te Ohu Kai Moana Trustee Limited must, in accordance with section 152A of the Fisheries Act 1996, apply to the chief executive of the Ministry of Fisheries for registration of settlement quota interests— (a) within 20 working days after the appointed day and before any transac- tions are made involving the specified shares, against— (i) (ii) quota shares listed in Schedule 1; and quota shares allocated, before the appointed day, under section 44 of the Fisheries Act 1996; and (b) against further quota shares allocated under section 44 of the Fisheries Act 1996 after the appointed day.
The quota shares referred to in subsection (1) become settlement quota when the settlement quota interest is registered under section 152A of the Fisheries Act 1996.
(2) 106 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 4 s 160 158 General restriction on transfer of settlement quota (1) Settlement quota must not be transferred except— (a) (b) (c) on application under subsection (2), with the authorisation of Te Ohu Kai Moana Trustee Limited (which must not be withheld if it is satisfied that the requirements of this Part for the transfer have been met by the registered owner of the settlement quota); or as ordered by the Court; or through forfeiture to the Crown under the Fisheries Act 1996.
(2) An application to transfer settlement quota must be submitted to the chief ex- ecutive of the Ministry of Fisheries by the registered owner and Te Ohu Kai Moana Trustee Limited jointly in the prescribed form.

159 Quota may be treated as settlement quota (1) A mandated iwi organisation may request Te Ohu Kai Moana Trustee Limited in writing to treat any quota owned by the asset-holding company of that man- dated iwi organisation as settlement quota.
(2) A request must not be made under subsection (1) until the mandated iwi organ- isation has— (a) (b) notified the proposal to the adult members of the iwi in accordance with subclause (3) of kaupapa 4 of Schedule 7; and obtained the approval of not less than 75% of the adult members of the iwi who vote— (i) at a general meeting of the mandated iwi organisation called for the purpose; or (ii) by postal ballot; and (c) obtained the approval of any party that holds a mortgage or caveat regis- tered against the quota.
(3) A public notice given under subsection (2)(a) must specify the quota manage- ment stock and the number of quota shares affected by the proposal.
160 Application for registration (1) This section applies if Te Ohu Kai Moana Trustee Limited— (a) (b) (c) is acting in accordance with its duty under section 157; or is satisfied that a mandated iwi organisation making a request under sec- tion 159(1) has complied with section 159(2) and (3); or has consented to a proposal for an exchange under section 174 of settle- ment quota for quota other than settlement quota.
(2) Te Ohu Kai Moana Trustee Limited and the registered owner of the quota joint- ly (or Te Ohu Kai Moana Trustee Limited alone if it is the registered owner of the quota) must— 107 Part 4 s 161 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) (b) (c) request the chief executive of the Ministry of Fisheries to register a settlement quota interest against the quota shares; and specify which quota management stock is the subject of the request; and specify the number of quota shares to which the request applies.
(3) If, in the case of an exchange contemplated by subsection (1)(c), a request is made to remove a settlement quota interest from settlement quota, Te Ohu Kai Moana Trustee Limited and the registered owner of the quota jointly (or Te Ohu Kai Moana Trustee Limited alone if it is the registered owner of the quota) must— (a) (b) (c) request the chief executive of the Ministry of Fisheries to remove the settlement quota interest from the quota shares; and specify which quota management stock is the subject of the request; and specify the number of quota shares to which the request applies.
Subpart 2—Restrictions on, and procedures for, disposal of settlement quota 161 Restrictions on disposal of settlement quota (1) A mandated iwi organisation must not— (a) sell its settlement quota, except to— (i) (ii) another mandated iwi organisation; or an entity within Te Ohu Kai Moana Group; or (b) gift its settlement quota.
(2) A mandated iwi organisation must not sell any settlement quota earlier than 2 years after the date of the first transfer of settlement quota by Te Ohu Kai Moa- na Trustee Limited to the mandated iwi organisation of the relevant iwi.
(3) If an entity within Te Ohu Kai Moana Group or a mandated iwi organisation sells or relinquishes control over a subsidiary, subcompany, asset-holding com- pany, or subsidiary of an asset-holding company that holds settlement quota, that quota must be treated as the property of Te Ohu Kai Moana Trustee Limit- ed or of the mandated iwi organisation, as appropriate.
(4) Unless the exceptions under subpart 3 apply, a sale of settlement quota must be made in accordance with— (a) (b) this subpart; and any rules made by Te Ohu Kai Moana Trustee Limited under section 176.

Section 161(2): amended, on 16 September 2011, by section 8 of the Maori Fisheries Amendment Act 2011 (2011 No 74).
108 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 4 s 162 162 Prerequisites to sale of settlement quota (1) A mandated iwi organisation may sell settlement quota only if, before sale, the mandated iwi organisation selling the quota has— (a) (b) notified the proposal to the adult members of the iwi in accordance with subclause (3) of kaupapa 4 of Schedule 7; and obtained the prior approval of not less than 75% of the adult members of the iwi who vote— (i) at a general meeting of the mandated iwi organisation called for the purpose; or (ii) by postal ballot.
(2) A notice given under subsection (1)(a) must specify,— (a) in the public notice, the approximate proportion of the total value of the settlement quota of the iwi that is affected by the proposal; and (b) in the case of a private notice to an adult member of the iwi,— (i) (ii) the amount of settlement quota of the iwi affected by the proposal; and a reasonable estimate of the likely market value of that settlement quota.
(3) An approval obtained under subsection (1)(b) may give a power for the manda- ted iwi organisation to sell— (a) (b) specified settlement quota; or settlement quota generally up to a specified limit that must not exceed 10% of the total value of the settlement quota held by the asset-holding companies or any subsidiary of the asset-holding companies of the man- dated iwi organisation; or (c) settlement quota approved for sale in accordance with a programme set out in the annual plan approved under kaupapa 11(b)(iii) of Schedule 7.
(4) For transactions involving settlement quota, an approval obtained under sub- section (1)(b) is valid from the date on which it is given— (a) (b) for a term not exceeding 15 months; or in the case of an approval of the kind referred to in subsection (3)(b), for the term specified in the approval, which must not exceed 12 months.

(5) The terms referred to in subsection (4) do not limit the term of a transaction or series of transactions referred to in section 167.
109 Part 4 s 163 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Option to purchase 163 Offer of option to purchase (1) A mandated iwi organisation may sell settlement quota in accordance with this subpart only if it first offers every other mandated iwi organisation and Te Ohu Kai Moana Group an opportunity to bid for the settlement quota.
(2) In offering an opportunity to bid under subsection (1), a mandated iwi organ- isation that wishes to sell, as a single lot, a bundle of assets that includes 1 or more stocks of settlement quota must provide for— (a) (b) single bids to be made for the total bundle of assets; and a set of bids to be made for lots covering all the assets in the bundle, in- cluding separate bids for each individual settlement quota stock.
(3) However, a mandated iwi organisation that wishes to sell freshwater settlement quota must not include that quota in a bundle of assets that contains inshore or deepwater settlement quota.

(4) A bid submitted under subsection (1) is binding until the conclusion of the sale process required by this subpart.
164 Procedure for selling bundle of assets If bids have been received under section 163(1) to purchase a bundle of assets as a single lot, the mandated iwi organisation offering to sell must— (a) calculate the sum of the highest bids received under section 163(2)(b) for each of the asset lots; and (b) either— (i) notify all bidders of its intention to proceed with the sale as a bun- dle of assets or as separate lots, whichever yields the higher total cash return based on the bids received; or (ii) withdraw the settlement quota from sale.
165 Procedure to determine right to purchase If assets offered for sale under section 163 include inshore or freshwater settle- ment quota, the first option to purchase must be given— (a) (b) in the case of inshore settlement quota, to Te Ohu Kai Moana Group and every mandated iwi organisation that holds a registered coastline entitle- ment for any inshore stock offered: in the case of freshwater settlement quota, to Te Ohu Kai Moana Group and every mandated iwi organisation whose territory is wholly or partly within a relevant quota management area.
110 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 4 s 167 166 Basis on which sale must proceed (1) The vendor must sell to a party that, having been offered the settlement quota under section 165, matches the highest bid obtained under section 163(1), un- less— (a) (b) the vendor decides not to sell; or an alternative procedure has been provided for in rules made under sec- tion 176.
(2) If the highest bid is matched by bids from more than 1 party referred to in sec- tion 165, the vendor may— (a) (b) negotiate with those parties; or conduct a second bidding process between or amongst those other bid- ders; or (c) withdraw the settlement quota from sale.
(3) If no party referred to in section 165 matches the highest bid obtained under section 163(1), the vendor must sell to the party that submitted the highest bid under section 163(1), unless— (a) (b) the vendor decides not to sell; or an alternative procedure has been provided for in rules made under sec- tion 176.
(4) If there are 2 matching highest bids obtained under section 163(1) that are not matched by a party referred to in section 165, the vendor may— (a) (b) negotiate with those parties; or conduct a second bidding process between or amongst those other bid- ders; or (c) withdraw the settlement quota from sale.

(5) To avoid doubt, subsections (3) and (4) apply to any sale of settlement quota to which section 165 does not apply.
167 Other constraints on disposal (1) Section 162 applies if a mandated iwi organisation proposes to enter into a transaction with any party by way of, for example, an option, security, mort- gage, or guarantee or series of transactions that could, if the rights under the transaction were exercised, result in— (a) (b) the sale of settlement quota; or the iwi being disentitled, for a period of more than 5 years, to— (i) (ii) the income from annual catch entitlements arising from that quo- ta; or the control or use of the annual catch entitlements arising from that quota.
111 Part 4 s 168 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (2) (3) Section 162 must be complied with before a transaction referred to in subsec- tion (1) is entered into, but the other provisions of this subpart do not apply at that time.

If a third party to a transaction referred to in subsection (1) exercises a right to sell, or requires a sale of, settlement quota, sections 161(1) and 163 to 166 apply as if the seller were the mandated iwi organisation referred to in subsec- tion (1).
(4) In this section, third party means a party not entitled to hold settlement quota.

168 Application of this subpart to Te Ohu Kai Moana Group (1) If an entity within Te Ohu Kai Moana Group acquires settlement quota under this subpart, sections 161(1) and 163 to 166 apply to that entity as if it were a mandated iwi organisation.
(2) An entity within Te Ohu Kai Moana Group must not sell settlement quota un- less it— (a) passes a special resolution, in compliance with its constitutional docu- ments, authorising it to exercise, in relation to settlement quota, either— (i) (ii) a specific power of sale; or a general power of sale; and (b) complies with any rules made under section 176.
169 When sale of settlement quota must be allowed (1) Te Ohu Kai Moana Trustee Limited must allow a sale of settlement quota if it has ascertained that— (a) in the case of a sale by a mandated iwi organisation,— (i) (ii) the 2-year period referred to in section 161(2) has elapsed; and the mandated iwi organisation has obtained the approval required by section 162(1)(b); and (b) in the case of a sale by a mandated iwi organisation or by an entity with- in Te Ohu Kai Moana Group, the offer of an option to purchase has been made as required by sections 163 to 166.
(2) If a mandated iwi organisation or an entity within Te Ohu Kai Moana Group proposes to sell settlement quota, it must provide documentation to Te Ohu Kai Moana Trustee Limited, supported by a statutory declaration if Te Ohu Kai Moana Trustee Limited so requires, to establish the matters relevant under sub- section (1).
(3) Te Ohu Kai Moana Trustee Limited— (a) must include in the iwi register a record of all transfers of settlement quota to or by asset-holding companies or their subsidiaries; and 112 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 4 s 171 (b) may make or amend rules under section 176 regarding the evidence re- quired to establish the matters referred to in subsection (1).
170 Remedy for breach of requirements under this subpart (1) If a contract for the sale of settlement quota, including a transaction or series of transactions referred to in section 167(1), is in breach of sections 161 to 168 or rules made under section 176, the Court may make orders as it thinks fit, in- cluding orders— (a) (b) (c) (d) (e) to cancel the contract or transaction: to vest in the vendor the settlement quota that was the subject of the con- tract or transaction: to vest in the buyer the consideration for the contract or transaction: consistent with section 161, if the buyer has on-sold, or has granted any interest in, or security over, the settlement quota: that the costs of the applicant be met by the parties to the sale or transac- tion.
(2) Orders made under subsection (1) may be made— (a) on the application of— (i) (ii) (iii) (iv) any party; or an adult member of an iwi whose mandated iwi organisation is a party; or a mandated iwi organisation; or an entity within Te Ohu Kai Moana Group; and (b) on the terms and conditions that the Court thinks fit, so long as the quota shares are not vested other than in a mandated iwi organisation or an en- tity within Te Ohu Kai Moana Group.
(3) In the case of a breach of sections 161 to 168 or rules made under section 176, the Illegal Contracts Act 1970 does not apply.
Subpart 3—Exceptions to application of subpart 2 Quota sold to wholly-owned entities 171 Settlement quota sold to wholly-owned entities Subpart 2 does not apply to— (a) (b) Te Ohu Kai Moana Group if the sales are to 1 or more of the entities within Te Ohu Kai Moana Group; or transfers between or among asset-holding companies wholly owned by the same mandated iwi organisation or subsidiaries of those asset-hold- ing companies.
113 Part 4 s 172 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Small parcels of settlement quota 172 Rationalisation of small parcels of settlement quota (1) In this section, small parcel of settlement quota means an amount of settle- ment quota that has— (a) an estimated value of less than $100 or a greater amount as set in a rule made under section 176; and (b) been allocated to an iwi but not yet transferred to it under section 130.
(2) A mandated iwi organisation may request Te Ohu Kai Moana Trustee Limited to retain a small parcel of settlement quota allocated to its iwi to be consoli- dated with other small parcels and subsequently offered for sale by tender.

(3) A mandated iwi organisation must, before making a request under this section, comply with section 162, but is otherwise not bound by the provisions of sub- part 2.
(4) Te Ohu Kai Moana Trustee Limited must— (a) record in the iwi register— (i) the number of quota shares of each quota stock retained by it under this section; and (ii) the iwi to which the quota shares are allocated; and (b) (c) before the end of the year that is 5 years after the commencement of this Act, offer for sale the consolidated settlement quota shares, in accord- ance with sections 163 to 166; and pay the net proceeds of the quota shares sold under paragraph (b) to the mandated iwi organisation of the iwi to which the settlement quota was first allocated, in proportion to the number of quota shares so allocated.
Quota exchange 173 Exception for quota exchanges (1) Subpart 2 does not apply to the exchange of settlement quota for any other quo- ta of the same market value.

(2) A mandated iwi organisation or an entity within the Te Ohu Kai Moana Group, in offering settlement quota in an exchange referred to in subsection (1), may do so only in exchange for quota that is either— (a) (b) entirely settlement quota; or entirely quota other than settlement quota.
To avoid doubt, settlement quota may be used in exchanges with parties other than the entities within Te Ohu Kai Moana Group or mandated iwi organisa- tions.
(3) 114 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 4 s 174 174 Procedure and criteria for exchange (1) Before a mandated iwi organisation may exchange settlement quota under sec- tion 173, it must— (a) advise Te Ohu Kai Moana Trustee Limited, for each quota management stock, of— (i) (ii) (iii) the number of settlement quota shares it proposes to offer for ex- change; and an estimate of the fair market value of those shares, determined in accordance with any rules made under section 176(2)(g); and the stock and the number of shares to be received by the mandated iwi organisation in exchange for the settlement quota referred to in subparagraph (i); and (iv) whether the quota to be received is settlement quota; and (v) an estimate of the fair market value of the quota shares to be re- ceived, determined in accordance with any rules made under sec- tion 176(2)(g); and (b) (c) obtain the consent of Te Ohu Kai Moana Trustee Limited to the ex- change; and ensure that the exchange complies with the policy on exchanges, as ex- pressed in the annual plan of the mandated iwi organisation.
(2) The mandated iwi organisation must provide to Te Ohu Kai Moana Trustee Limited documentation, supported by a statutory declaration if Te Ohu Kai Moana Trustee Limited so requires, to establish the matters referred to in sub- section (1).
(3) Te Ohu Kai Moana Trustee Limited must not allow an exchange involving settlement quota unless it is satisfied that— (a) (b) the exchange is for quota or bundles of quota of an equivalent market value; and each mandated iwi organisation involved in the exchange has complied with the policy of the mandated iwi organisation on exchanges, as noti- fied in its annual plan.
If Te Ohu Kai Moana Trustee Limited is satisfied that the requirements of sub- section (3) are met, and allows the proposed exchange, it must ensure that, after the exchange, settlement quota interests— (a) (b) remain registered against any settlement quota received in the exchange: are registered against any non-settlement quota received in the exchange.
If the quota received in an exchange was not previously settlement quota, Te Ohu Kai Moana Trustee Limited must ensure that the settlement quota interest is removed from the quota offered for exchange.

(4) (5) 115 Part 4 s 175 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (6) Te Ohu Kai Moana Trustee Limited may make or amend rules under section 176 regarding the evidence required to establish the matters referred to in sub- section (3).
Breach of restrictions applying to exchanges 175 Remedy for breach of restrictions (1) If settlement quota is exchanged in breach of section 173 or section 174, the Court may make orders as it thinks fit, including orders— (a) (b) (c) (d) to cancel the contract or transaction: to return the assets and any consideration to the prior owner: consistent with section 161, if a party to the exchange has on-sold or fur- ther exchanged the settlement quota, or has granted an interest in it or security over it: that the costs of the applicant be met by the parties to the sale or transac- tion.
(2) Orders may be made under subsection (1) on the application of— (a) (b) (c) (d) any party; or an adult member of an iwi whose mandated iwi organisation is a party; or a mandated iwi organisation; or an entity within Te Ohu Kai Moana Group.

(3) In the case of a breach of section 173 or rules made under section 176, the Illegal Contracts Act 1970 does not apply.
Subpart 4—Additional rules for quota sales and exchanges 176 Additional rules (1) Te Ohu Kai Moana Trustee Limited may make and amend, in accordance with section 54, rules that must be complied with in every sale or exchange of settle- ment quota under this Part.
(2) The rules may include, but are not limited to, the following matters: (a) (b) (c) (d) the notice required to be given to persons eligible to purchase settlement quota, and the form and content of the notice: any methodology for the tender and sale processes, including notice periods and deadlines for responses to offers: identification of the parties referred to in sections 163 to 166: express exceptions to the prohibition against mandated iwi organisations accepting any price other than the highest unconditional bid: 116 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 5 s 178 (e) (f) (g) (h) (i) (j) the sale of bundles of inshore settlement quota by a mandated iwi organ- isation or Te Ohu Kai Moana Trustee Limited in accordance with sec- tions 163 to 166: the means for determining a purchaser, if more than 1 mandated iwi or- ganisation or Te Ohu Kai Moana Trustee Limited bids the same price for the same settlement quota: the means for determining fair market value for settlement quota that is exchanged, and the resolution of disputes as to that value: the recovery of costs by Te Ohu Kai Moana Trustee Limited for the ad- ministrative processes required by sections 158 to 169 and 173 and 174, to be paid by, or deducted from, a mandated iwi organisation: the means for determining the appropriate estimated value for the pur- pose of section 172(1): the information that must be supplied to Te Ohu Kai Moana Trustee Limited to establish compliance with the requirements of this Part, the form of that information, and the time within which it must be supplied.
(3) The matters that are provided for in the rules made under subsection (1) may apply to— (a) (b) a named mandated iwi organisation, all mandated iwi organisations, or mandated iwi organisations of a category specified in the notice; and specified settlement quota, all settlement quota, or settlement quota of a category specified in the notice.
Part 5 Dispute resolution 177 Outline of this Part This Part provides a process for the resolution of disputes over specified deci- sions, including— (a) a requirement that those decisions be notified to the parties involved; and (b) the application of an extended jurisdiction for the Maori Land Court.
178 Purpose of this Part (1) The purpose of this Part is— (a) (b) to impose a general obligation on all persons making decisions specified in section 180(1) to give notice of the decision in accordance with sec- tion 179; and to provide for an independent and transparent process for the resolution of disputes arising in relation to the specified decisions; and 117 Part 5 s 179 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (c) to provide for certain matters relevant to disputed decisions.
Subpart 1—Procedure for resolution of disputes 179 Notification of specified decisions (1) A person who makes a decision specified in section 180(1) must notify the par- ties in writing of— (a) (b) the nature of the decision that has been made; and if requested by a party, the principal reasons for the decision.

(2) Subsection (1)(b) applies only to the extent that it is not inconsistent with any other enactment or rule of law.
(3) Notification required by subsection (1) may be made by publication in the Gaz- ette or in another publication that the decision maker considers appropriate.
Application of Part 180 Application of this Part to specified decisions (1) This Part applies to disputes that arise between or among the specified parties over— (a) (b) (c) the classification of quota by Te Ohu Kai Moana Trustee Limited under section 7, between Te Ohu Kai Moana Trustee Limited and 1 or more mandated iwi organisations: a determination of a coastline entitlement by Te Ohu Kai Moana Trustee Limited under section 11, between or among Te Ohu Kai Moana Trustee Limited and 1 or more mandated iwi organisations: the division of disputed coastline that is the subject of a written agree- ment provided to Te Ohu Kai Moana Trustee Limited in support of an interim coastline claim made under clause 4 of Schedule 6 and for which a coastline entitlement has been determined, between or among Te Ohu Kai Moana Trustee Limited and the parties to that agreement: (d) whether an organisation seeking recognition or claiming continued rec- ognition as a mandated iwi organisation meets the criteria in section 14, between Te Ohu Kai Moana Trustee Limited and 1 or more mandated iwi organisations: (e) (f) which of 2 or more organisations claiming to be qualified as the manda- ted iwi organisation for an iwi is to be recognised by Te Ohu Kai Moana Trustee Limited under section 13(1), between Te Ohu Kai Moana Trust- ee Limited and 1 or more mandated iwi organisations: a proposal by Te Ohu Kai Moana Trustee Limited to make or amend a rule under section 25, between Te Ohu Kai Moana Trustee Limited and an affected mandated iwi organisation: 118 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 5 s 181 (g) whether a recognised iwi organisation has failed to comply with section 28(2), between Te Ohu Kai Moana Trustee Limited and that recognised iwi organisation: (h) whether a mandated iwi organisation has remedied a breach of the condi- tions on which assistance was given to it by Te Ohu Kai Moana Trustee Limited under section 34(i) or (j), between Te Ohu Kai Moana Trustee Limited and the mandated iwi organisation to which
 the conditions ap- plied: (i) compliance with the requirements for calling or conducting meetings under clause 1 or clause 7 of Schedule 8, between— (i) (ii) (iii) (iv) 1 or more mandated iwi organisations; or 1 or more representative Maori organisations; or any combination of those organisations; or a person who has been removed from Te Kawai Taumata and a mandated iwi organisation or a representative Maori organisation: (j) a decision by Te Ohu Kai Moana Trustee Limited under section 135(1) or (2), between a relevant mandated iwi organisation and Te Ohu Kai Moana Trustee Limited: (k) harbour quota to be allocated to an iwi under section 143, between— (i) (ii) mandated iwi organisations; or Te Ohu Kai Moana Trustee Limited and 1 or more mandated iwi organisations: (l) freshwater quota to be allocated to an iwi under section 148, between— (i) (ii) mandated iwi organisations; or Te Ohu Kai Moana Trustee Limited and 1 or more mandated iwi organisations: (m) an allegation made by an adult member of an iwi that, in relation to a matter addressed in this Act, a decision, act, or omission of the mandated iwi organisation of that person’s iwi is contrary to— (i) (ii) this Act; or the constitutional documents or policies of the mandated iwi or- ganisation.
(2) In this section, relevant, in relation to a mandated iwi organisation, means the organisation to which the decision relates directly, but does not include a third party to that decision.
181 Resolution of disputes (1) If a dispute arises in relation to a specified decision referred to in section 180(1) and the parties are unable, within a reasonable time, to resolve the dis- pute, they must, acting in good faith,— 119 Part 5 s 182 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) endeavour to agree on a process for resolving the dispute, including (but not limited to) all or any of the following: (i) further negotiations: (ii) mediation: (iii) determination of the dispute by an independent expert; and (b) before proceeding to take any other action under this Part, engage in the process agreed under paragraph (a).
(2) Unless Te Ohu Kai Moana Trustee Limited is a party to the dispute, a party may refer the dispute to Te Ohu Kai Moana Trustee Limited for determination if— (a) (b) the parties cannot agree on a dispute resolution process under subsection (1)(a); or the timetable for the dispute resolution process is not being complied with; or (c) the dispute resolution process does not resolve the dispute.
182 Reference to Maori Land Court (1) This section applies if— (a) Te Ohu Kai Moana Trustee Limited is one of the parties to a dispute re- ferred to in section 180(1); or (b) resolution is unable to be reached under section 181.
(2) A party to a dispute may, except in a dispute over a decision referred to in sec- tion 180(1)(g), refer the dispute to the Maori Land Court under section 26B of Te Ture Whenua Maori Act 1993 to obtain— (a) (b) advice on an appropriate dispute resolution process for the purposes of section 181(1): a non-binding ruling on a question of fact or law to assist in the conduct of the dispute resolution process.
The Maori Land Court may make a determination under section 26C of Te Ture Whenua Maori Act 1993 if, on a reference to it under subsection (2), it is of the view that the parties have taken reasonable steps to resolve a dispute resolution process provided for under section 181(1).

If Te Ohu Kai Moana Trustee Limited declines to determine a dispute under section 181(2), it must refer it to the Maori Land Court for determination under section 26C of Te Ture Whenua Maori Act 1993.
(3) (4) (5) A party to a dispute that has been referred to Te Ohu Kai Moana Trustee Limit- ed under section 181(2) may subsequently refer to the Maori Land Court, for determination under section 26C of Te Ture Whenua Maori Act 1993,— (a) the decision of Te Ohu Kai Moana Trustee Limited: 120 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 5 s 184 (b) the dispute, if Te Ohu Kai Moana Trustee Limited does not make a de- termination within a reasonable time.
183 Effect of reference or application etc to Maori Land Court (1) This section applies to— (a) (b) (c) (d) (e) a dispute that may be referred to the Maori Land Court under section 182: an application by Te Ohu Kai Moana Trustee Limited under section 185(1): an action taken by Te Ohu Kai Moana Trustee Limited in reliance on section 186: an application made under section 187: an order made by a Judge under section 26M of Te Ture Whenua Maori Act 1993.
(2) Until a matter referred to in subsection (1)(a) to (d) has been determined under section 26C of Te Ture Whenua Maori Act 1993 and all rights of appeal for that matter have been exercised in full, a person who is a party to the matter or order must not— (a) (b) apply for review under Part 1 of the Judicature Amendment Act 1972; or commence proceedings for a writ of, or in the nature of, mandamus, pro- hibition, or certiorari, or a declaration or injunction in relation to that de- cision.
(3) Until all rights of appeal in relation to an order referred to in subsection (1)(e) have been exercised in full, a person who is a party to the matter which is the subject of the order must not— (a) (b) apply for review under Part 1 of the Judicature Amendment Act 1972; or commence proceedings for a writ of, or in the nature of, mandamus, pro- hibition, or certiorari, or a declaration or injunction in relation to that de- cision.
Subpart 2—Other matters relevant to disputed decisions 184 Implementation of decision (1) A specified decision referred to in section 180(1) may be implemented by the decision maker before the expiry of the period of time referred to in subsection (2), but only to the extent that its implementation does not deprive a party that disputes the decision of the benefit of, or any remedy available under, the dis- pute resolution process set out in this Part.
(2) A decision may be fully enforced if no party has commenced the dispute reso- lution process within 30 working days after receiving notification of the deci- sion under section 179.

121 Part 5 s 185 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (3) If, within that 30-working day period, all parties notified of a decision under section 180 advise the decision maker that they do not wish to invoke the dis- pute resolution process, that waiver is binding on the parties.
185 Powers of Te Ohu Kai Moana Trustee Limited in relation to mandated iwi organisations (1) Whether or not the processes in sections 181 and 182 have been followed by the parties that dispute a decision referred to in section 180(1)(d) or (e), Te Ohu Kai Moana Trustee Limited may apply to the Maori Land Court under section 26C of Te Ture Whenua Maori Act 1993 for an order denying or suspending recognition of a mandated iwi organisation on the ground that— (a) (b) it fails to meet 1 or more of the criteria set out in section 14; or it is not making reasonable efforts to meet the requirements to enable it to qualify to receive settlement assets under section 130.
(2) An application referred to in subsection (1) must explain fully why, in the opin- ion of Te Ohu Kai Moana Trustee Limited, the mandated iwi organisation has failed to meet 1 or more of the relevant criteria.

186 Other powers not limited Despite sections 181 and 182, Te Ohu Kai Moana Trustee Limited may take any action against a mandated iwi organisation for a breach of any condition of assistance given under section 34(i) and (j).
187 Dispute resolution in relation to reorganisation of specified mandated iwi organisations (1) If a dispute arises in relation to the matters provided for by or under section 20, a party to the dispute may apply to the Maori Land Court under section 26C(d) of Te Ture Whenua Maori Act 1993 for a determination by order in accordance with that Act.

(2) An application made to the Maori Land Court in reliance on this section must, at the same time, be notified to every affected party.
Part 6 Transitional and miscellaneous provisions, repeal, and amendments 188 Outline of this Part This Part sets out transitional provisions relating to— (a) (b) (c) the transfer of the existing undertaking of the Treaty of Waitangi Fisher- ies Commission to Te Ohu Kai Moana Trustee Limited; and the saving of various existing agreements and exemptions; and the payment of any taxation refunded in respect of the Treaty of Wai- tangi Fisheries Commission or any of its companies; and 122 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 6 s 192 (d) (e) (f) the position of the employees and agents of the Treaty of Waitangi Fish- eries Commission in the transfer; and the application of the Inland Revenue Acts and other enactments and the protection of specified names; and the repeal of the Maori Fisheries Act 1989, and consequential amend- ments.
189 Interpretation (1) In this Part, unless the context otherwise requires,— existing undertaking includes all assets, whether in the form of quota shares, interests, rights, or liabilities, that, immediately before the appointed day, are owned, controlled, or held by— (a) (b) the Treaty of Waitangi Fisheries Commission; or any company or other commercial entity, to the extent that it is owned or controlled by the Treaty of Waitangi Fisheries Commission liabilities includes liabilities, debts, charges, duties, and obligations of the Treaty of Waitangi Fisheries Commission (whether present or future, actual or contingent, or payable or to be observed or performed in New Zealand or else- where).
Subpart 1—Transitional provisions Powers, savings, and validations 190 Powers of Treaty of Waitangi Fisheries Commission In the period between the commencement of this Act and the appointed day, the Treaty of Waitangi Fisheries Commission has the powers, functions, duties, rights, responsibilities, liabilities, and exemptions of Te Ohu Kai Moana Trust- ee Limited.
191 Agreements for sale of annual catch entitlements (1) If the Treaty of Waitangi Fisheries Commission has, before the commencement of this Act, entered into agreements with iwi for the sale of annual catch en- titlements, those sales may be completed in accordance with the agreements, even if they do not comply with section 152(1), (2), (3), or (5).

(2) However, the Treaty of Waitangi Fisheries Commission must comply with sec- tion 152(4).
192 Certain exemptions saved A consent to an exemption granted to the Treaty of Waitangi Fisheries Com- mission under section 28W of the Fisheries Act 1983 or under section 60 of the 123 Part 6 s 193 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Fisheries Act 1996 must be treated as if the consent had been granted to Ao- tearoa Fisheries Limited.
193 Validation of certain decisions, etc (1) A decision, action, recommendation, appointment, undertaking, or transaction made, taken, or entered into in good faith and with reasonable care by a person or body, and during the periods referred to in subsection (2), is as valid as if it had been made, taken, or entered into under this Act.
(2) Subsection (1) applies to a decision, action, recommendation, appointment, undertaking, or transaction made, taken, or entered into— (a) by— (i) (ii) the Minister of Maori Affairs in appointing directors under section 45: the Treaty of Waitangi Fisheries Commission or a member of that Commission: (iii) an employee or agent of that Commission: (b) between either— (i) (ii) 1 January 2003 and the commencement of this Act; or the commencement of this Act and the appointed day.
Transfer from Treaty of Waitangi Fisheries Commission 194 Treaty of Waitangi Fisheries Commission dissolved and existing undertak- ing vested (1) On and from the appointed day,— (a) (b) (c) the Treaty of Waitangi Fisheries Commission is dissolved; and the term of office of every member of that Commission expires; and the existing undertaking of that Commission vests in Te Ohu Kai Moana Trustee Limited, except to the extent that it is already vested in Aotearoa Fisheries Limited or its subcompanies, as contemplated by section 75(2).
(2) A member of the Treaty of Waitangi Fisheries Commission is not entitled to compensation as a result of the expiry under this section of his or her term of office.

195 Payment of taxation refunds (if any) This section applies if, after the appointed day, the Commissioner of Inland Revenue grants a refund in respect of taxation paid at any time before the ap- pointed day by the Treaty of Waitangi Fisheries Commission or any company or subsidiary of a company owned by that Commission.
(1) 124 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 6 s 197 (2) (3) The Commissioner of Inland Revenue must pay the full amount of the assessed refund (if any), together with any interest payable under Part 7 of the Tax Ad- ministration Act 1994, to Te Ohu Kai Moana Trustee Limited.
The monies (if any) paid to Te Ohu Kai Moana Trustee Limited under subsec- tion (2)— (a) must not be reported in the audited financial statements of Aotearoa Fisheries Limited, or of any company or subsidiary referred to in subsec- tion (1); and (b) to avoid doubt, do not form part of the consolidated group net profit after tax of the consolidated group for the purpose of section 76(2); but (c) must be reported in the audited financial statements of Te Ohu Kai Moa- na Trustee Limited.
196 Classification of quota shares allocated to Treaty of Waitangi Fisheries Commission Te Ohu Kai Moana Trustee Limited must, not later than 6 months after the ap- pointed day,— (a) determine the appropriate classification, in accordance with sections 8 and 9, for quota shares allocated to the Treaty of Waitangi Fisheries Commission under section 44 of the Fisheries Act 1996— (i) (ii) at any time before the commencement of this Act, and not inclu- ded in Schedule 1: between the commencement of this Act and the appointed day; and (b) publish in the Gazette— (i) the classification of the stock; and (ii) whether harbour quota applies to that stock; and (iii) the quantity, if any, of each harbour quota for the stock.
Final report 197 Final report of Treaty of Waitangi Fisheries Commission (1) Not later than 6 months after the appointed day, Te Ohu Kai Moana Trustee Limited must prepare a statement of the financial position and other statements of accounts necessary to show fully the financial position of the Treaty of Wai- tangi Fisheries Commission and the financial results of its operations for the period beginning on 1 October 2003 and ending with the close of the day im- mediately before the appointed day.
(2) As soon as is reasonably practicable after the completion of the obligation re- ferred to in subsection (1), Te Ohu Kai Moana Trustee Limited must provide the final report to the Minister of Maori Affairs.

125 Part 6 s 198 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (3) The Minister of Maori Affairs must present the final report to the House of Representatives as soon as is reasonably practicable after receiving it from Te Ohu Kai Moana Trustee Limited.
(4) In this section, final report means— (a) (b) the statement of financial position of the Treaty of Waitangi Fisheries Commission and other information referred to in subsection (1); and an audit report prepared by the Auditor-General on the statement refer- red to in paragraph (a).
198 References in instruments (1) A reference (express or implied) to the Treaty of Waitangi Fisheries Commis- sion in an enactment (other than in this Act), or in an instrument, register, re- cord, notice, security, document, or communication made, given, passed, or executed before or on the appointed day, must be read as a reference to Te Ohu Kai Moana Trustee Limited.
(2) A reference (express or implied) to an officer of the Treaty of Waitangi Fisher- ies Commission in an enactment, or in an instrument, register, record, notice, security, document, or communication made, given, passed, or executed before or on the appointed day, must be read as a reference to— (a) (b) the corresponding employee of Te Ohu Kai Moana Trustee Limited or Aotearoa Fisheries Limited; or if there is no corresponding employee, an employee of Te Ohu Kai Moa- na Trustee Limited or Aotearoa Fisheries Limited designated by Te Ohu Kai Moana Trustee Limited.
(3) This section is subject to section 214.
199 Status of contracts and other instruments In subsection (2), contracts and other instruments means contracts, agree- ments, conveyances, deeds, leases, licences, other instruments, undertakings, notices, and any binding rulings made under Part 5A of the Tax Administration Act 1994 (whether in writing or not), entered into by, made with, given to or by, or addressed to the Treaty of Waitangi Fisheries Commission (whether alone or with another person) before the appointed day and having effect im- mediately before the appointed day.
Contracts and other instruments are binding on, and enforceable by, against, or in favour of, Te Ohu Kai Moana Trustee Limited and have effect for the purpo- ses of the Inland Revenue Acts as if Te Ohu Kai Moana Trustee Limited and not the Treaty of Waitangi Fisheries Commission had been the person by whom they were entered into, with whom they were made, or to or by whom they were given or addressed.
(1) (2) 126 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 6 s 203 200 Status of existing securities (1) A security held by the Treaty of Waitangi Fisheries Commission as security for a debt or other liability to that Commission incurred before the appointed day— (a) (b) is available to Te Ohu Kai Moana Trustee Limited as security for the dis- charge of that debt or liability; and if the security extends to future or prospective debts or liabilities, is available as security for the discharge of debts or liabilities to Te Ohu Kai Moana Trustee Limited incurred on or after the appointed day.
(2) Te Ohu Kai Moana Trustee Limited is entitled to the same rights and priorities, and is subject to the same liabilities, in relation to the security as the Treaty of Waitangi Fisheries Commission would be if this Act had not been passed.
201 Continuation of proceedings (1) An action, arbitration, proceeding, or cause of action that was pending or exist- ing by, against, or in favour of the Treaty of Waitangi Fisheries Commission, or to which that Commission was a party, before the appointed day may be con- tinued and enforced by against, or in favour of Te Ohu Kai Moana Trustee Limited.

(2) It is not necessary to amend a pleading, writ, or other document to continue the action, arbitration, proceeding, or other cause of action.
202 Matters not affected by transfer to Te Ohu Kai Moana Trustee Limited Nothing effected or authorised by this Act— (a) (b) (c) (d) (e) places the Treaty of Waitangi Fisheries Commission, Te Ohu Kai Moana Trustee Limited, or any other person in breach of a contract or confi- dence, or breach of trust, or makes any of them guilty of a civil wrong; or entitles a person to terminate, cancel, or amend a contract or arrange- ment, or to accelerate the performance of an obligation, or to impose a penalty or increased charge; or places the Treaty of Waitangi Fisheries Commission, Te Ohu Kai Moana Trustee Limited, or any other person in breach of an enactment, a rule of law, or a provision of a contract that prohibits, restricts, or regulates the assignment or transfer of an asset, right, or liability or the disclosure of information; or releases a surety in whole or in part from an obligation; or invalidates or discharges a contract.
203 Books and documents to remain evidence (1) A document, matter, or thing that would have been admissible in evidence for or against the Treaty of Waitangi Fisheries Commission is, on and after the ap- 127 Part 6 s 204 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 pointed day, admissible in evidence for or against Te Ohu Kai Moana Trustee Limited.

(2) For the purpose of this section, document has the meaning given to it in sec- tion 4 of the Evidence Act 2006.
Section 203(2): amended, on 1 August 2007, by section 216 of the Evidence Act 2006 (2006 No 69).

204 Registers (1) (2) The Registrar General of Land, Commercial Fisheries Services Limited, or any other person charged with keeping books or registers is not required to change the name of the Treaty of Waitangi Fisheries Commission to Te Ohu Kai Moa- na Trustee Limited in the books or registers, or in a document, solely because of the provisions of this Act.
If Te Ohu Kai Moana Trustee Limited presents an instrument referred to in subsection (3) to a registrar or other person, the presentation of that instrument is, in the absence of evidence to the contrary, sufficient proof that the property is vested in Te Ohu Kai Moana Trustee Limited on behalf of Te Ohu Kai Moa- na, as specified in the instrument.
(3) For the purposes of this section, the instrument need not be an instrument of transfer, but must— (a) (b) (c) be executed or purport to be executed by Te Ohu Kai Moana Trustee Limited; and relate to an existing undertaking held, managed, or controlled by the Treaty of Waitangi Fisheries Commission immediately before the ap- pointed day; and be accompanied by a certificate by Te Ohu Kai Moana Trustee Limited that the property was vested in Te Ohu Kai Moana Trustee Limited under this Act.
Subpart 2—Employees and agents 205 Interpretation In this subpart,— transferred employee means a person employed by the Treaty of Waitangi Fisheries Commission immediately before the appointed day who becomes an employee of Te Ohu Kai Moana Trustee Limited or Aotearoa Fisheries Limited on the appointed day Treaty of Waitangi Fisheries Commission includes Aotearoa Fisheries Limit- ed, the company referred to in section 12 of the Maori Fisheries Act 1989.
206 Liability of employees and agents (1) A person who, at any time before the appointed day, held office as a member of the Treaty of Waitangi Fisheries Commission or who was an officer, employee, 128 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 6 s 210 agent, or representative of that Commission, is not personally liable in respect of an act or thing done or omitted to be done by him or her before the appoin- ted day in the exercise or bona fide purported exercise of an authority confer- red by or under the Maori Fisheries Act 1989, the Treaty of Waitangi (Fisheries Claims) Settlement Act 1992, or any other enactment.
(2) This section applies only— (a) (b) in the absence of actual fraud; and if the act or omission does not amount to an offence under any enact- ment or rule of law.

207 Transfer of existing employees On the appointed day, each employee of the Treaty of Waitangi Fisheries Com- mission becomes an employee of Te Ohu Kai Moana Trustee Limited or Ao- tearoa Fisheries Limited, as determined by the Treaty of Waitangi Fisheries Commission.
208 Terms and conditions of employment of transferred employees (1) The employment of a transferred employee must be on terms and conditions no less favourable to the transferred employee than those applying to the employ- ee immediately before the appointed day.
(2) Subsection (1)— (a) (b) continues to apply to the terms and conditions of employment of a trans- ferred employee until those terms and conditions are varied by agree- ment between the transferred employee and Te Ohu Kai Moana Trustee Limited or Aotearoa Fisheries Limited, as the case may be; and does not apply to a transferred employee who receives a subsequent ap- pointment with Te Ohu Kai Moana Trustee Limited or Aotearoa Fisher- ies Limited.
209 Continuity of employment For the purposes of every enactment, law, determination, contract, and agree- ment relating to the employment of a transferred employee, the transfer of the employee from the Treaty of Waitangi Fisheries Commission to Te Ohu Kai Moana Trustee Limited or Aotearoa Fisheries Limited, as the case may be, does not, of itself, break the employment of that person, or the period of his or her employment by the Treaty of Waitangi Fisheries Commission as having been a period of service with Te Ohu Kai Moana Trustee Limited or Aotearoa Fisheries Limited, as the case may be.
210 No compensation for technical redundancy A transferred employee is not entitled to receive any payment or any other benefit solely on the ground that— 129 Part 6 s 211 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) (b) the position held by the employee with the Treaty of Waitangi Fisheries Commission has ceased to exist; or the employee has ceased, as a result of his or her transfer to Te Ohu Kai Moana Trustee Limited or Aotearoa Fisheries Limited, to be an employ- ee of the Treaty of Waitangi Fisheries Commission.
Subpart 3—Miscellaneous provisions 211 Application of Inland Revenue Acts and other enactments (1) (2) For the purposes of the Inland Revenue Acts, binding rulings under those Acts and any other enactment that imposes or provides for the collection of a tax, duty, levy or other charge, the Treaty of Waitangi Fisheries Commission and Te Ohu Kai Moana Trustee Limited are the same person.
For the purposes of the Inland Revenue Acts, Te Ohu Kai Moana Trustee Limited must be treated as having held, at all times since the interests were ac- quired by the Treaty of Waitangi Fisheries Commission, the voting interests and market value interests that they receive from that Commission under this Act.
212 Protection of names (1) No person may be incorporated or registered under any enactment or in any other manner using any of the following names: (a) (b) (c) (d) Te Ohu Kai Moana; or Te Kawai Taumata; or Te Putea Whakatupu Trust; or Te Wai Maori Trust.
(2) No person, other than the person to whom the name applies, either alone or with another person, may operate or carry on business or activities— (a) (b) under a name specified in subsection (1); or under any other name, knowing that the name so resembles a specified name as to be likely to mislead a person.

(3) A person who contravenes subsection (2) commits an offence and is liable on conviction to a fine not exceeding $1,000.
(4) It is a defence in any prosecution for an offence against subsection (3) if the defendant proves that, either alone or with any other person or persons, the de- fendant has carried on business continuously under the name to which the pros- ecution relates from any date before the commencement of this Act.

Section 212(3): amended, on 1 July 2013, by section 413 of the Criminal Procedure Act 2011 (2011 No 81).
130 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Part 6 s 214 Subpart 4—Repeal and consequential amendments 213 Enactment repealed The Maori Fisheries Act 1989 (1989 No 159) is repealed on and from the ap- pointed day.

214 Amendments to other enactments On and from the appointed day, the enactments specified in Schedule 9 are amended in the manner indicated in that schedule.
131 Schedule 1 Maori Fisheries Act 2004 Schedule 1 Quota shares Reprinted as at 1 April 2014 ss 5, 34, 146 Part 1 Quota shares allocated to Treaty of Waitangi Fisheries Commission under section 40 of the Maori Fisheries Act 1989 Quota management stock code BAR1 BAR4 BAR5 BAR7 BCO1 BCO2 BCO3 BCO4 BCO5 BCO7 BCO8 BNS1 BNS2 BNS3 BNS7 BNS8 BYX1 BYX2 BYX3 BYX7 BYX8 CRA1 CRA2 CRA3 CRA4 CRA5 CRA6 CRA7 CRA8 CRA9 ELE1 132 Description IN IN* IN IN IN IN IN IN* IN IN IN IN IN DW DW DW IN IN DW DW DW IN IN IN IN IN IN* IN IN IN IN Number of quota shares to be allocated under Part Shortfall in value of quota shares ($) 128,860 201 nil 21,479 380 nil 84,758 26,062 13,505 nil nil 287,865 48,800 359,621 nil 12,115 nil nil nil 5,639 nil 173,508 nil nil nil nil nil nil nil nil nil Reprinted as at 1 April 2014 Quota management stock code ELE2 ELE3 ELE5 ELE7 FLA1 FLA2 FLA3 FLA7 GMU1 GMU2 GMU3 GMU7 GUR1 GUR2 GUR3 GUR7 GUR8 HAK1 HAK4 HAK7 HOK1 HPB1 HPB2 HPB3 HPB4 HPB5 HPB7 HPB8 JDO1 JDO2 JDO3 JDO7 JMA7 LIN1 LIN2 LIN3 LIN4 LIN5 LIN6 Maori Fisheries Act 2004 Schedule 1 Description IN IN IN IN IN IN IN IN IN IN IN IN IN IN IN IN IN DW DW† DW DW IN IN IN IN† IN IN IN IN IN IN IN DW IN IN IN DW† DW DW† Number of quota shares to be allocated under Part Shortfall in value of quota shares ($) nil 68,177 nil nil
 2,144 nil nil 722 5,255 nil nil nil nil nil nil 1,146 nil 35,467 nil nil nil 185,302 5,036 10,784 nil 480 nil nil nil nil nil nil nil 3,162 nil 91,377 nil 208,971 nil 133 Schedule 1 Maori Fisheries Act 2004 Quota management stock code LIN7 MOK1 MOK3 MOK4 MOK5 OEO1 OEO3A OEO4 OEO6 ORH1 ORH2A ORH2B ORH3A ORH3B ORH7A ORH7B PAU1 PAU2 PAU3 PAU4 PAU5A PAU5B PAU5D PAU6 PAU7 PHC1 RCO1 RCO2 RCO3 RCO7 SCH1 SCH2 SCH3 SCH4 SCH5 SCH7 SCH8 SKI1 SKI2 134 Description DW IN IN IN* IN DW DW DW† DW† DW DW DW DW DW DW DW IN IN IN IN* IN IN IN IN IN IN IN IN IN IN IN IN IN IN* IN IN IN IN IN Number of quota shares to be allocated under Part Reprinted as at 1 April 2014 Shortfall in value of quota shares ($) 515,887 1,359 5,940 346 245 nil nil nil nil nil nil nil nil 2,750,865 nil nil nil 675,362 532,730 549,003 nil nil nil nil nil nil 2,218 nil 1,252 134 17,139 nil nil nil 19,339 nil nil nil 214 Reprinted as at 1 April 2014 Quota management stock code SKI3 SKI7 SNA1 SNA2 SNA3 SNA7 SNA8 SPO1 SPO2 SPO3 SPO7 SPO8 SQU1J SQU1T SQU6T STA1 STA2 STA3 STA4 STA5 STA7 STA8 SWA1 SWA3 SWA4 TAR1 TAR2 TAR3 TAR4 TAR5 TAR7 TAR8 TRE1 TRE2 TRE3 TRE7 WAR1 WAR2 WAR3 Maori Fisheries Act 2004 Schedule 1 Description IN IN IN IN IN IN IN IN IN IN IN IN IN DW DW† IN IN IN IN* IN IN IN DW DW DW IN IN IN IN* IN IN IN IN IN IN IN IN IN IN Number of quota shares to be allocated under Part 000
Shortfall in value of quota shares ($) nil nil 131,360 62,026 nil 23,586 740,949 3,903 nil 167,993 23,455 8,035 nil nil nil nil 5,198 nil 12,960 nil nil nil 28,930 103,471 nil 18,795 nil nil nil nil 743 nil 276 nil 1,044 nil nil 128 nil 135 Schedule 1 Maori Fisheries Act 2004 Quota management stock code WAR7 WAR8 Total * For allocation of this inshore quota see sections 144 and 145.
† For allocation of this deepwater quota see sections 144 and 145.

Description IN IN Number of quota shares to be allocated under Part 3 9 999 795 9 999 141 1 444 584 253 Reprinted as at 1 April 2014 Shortfall in value of quota shares ($) nil nil 8,185,701 Where fewer than 10 000 000 shares are shown for any quota management stock, see section 149.

Where the amount shown in column 4 is nil, that is because the value is less than $100.
Schedule 1 Part 1 BNS2: amended, on 13 December 2006, by section 7(1)(a) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 1 SCH3: amended, on 13 December 2006, by section 7(1)(b) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 1 SCH7: amended, on 13 December 2006, by section 7(1)(c) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Schedule 1 Part 1 SCH8: amended, on 13 December 2006, by section 7(1)(d) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 1 SPO2: amended, on 13 December 2006, by section 7(1)(e) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 1 TAR2: amended, on 13 December 2006, by section 7(1)(f) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Schedule 1 Part 1 TAR3: amended, on 13 December 2006, by section 7(1)(g) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Part 2 Quota shares allocated to Treaty of Waitangi Fisheries Commission under section 44 of the Fisheries Act 1996 Quota management stock Description ANC1 ANC2 ANC3 ANC4 ANC7 ANC8 ANG11 ANG12 ANG13 ANG14 ANG15 ANG16 IN IN IN IN* IN IN FW FW FW FW FW FW 136 Number of quota shares to be allocated under Part Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 1 Quota management stock Description BUT1 BUT2 BUT3 BUT4 BUT5 BUT6 BUT7 BYA1 BYA2 BYA3 BYA4 BYA5 BYA7 BYA8 BYA9 CDL1 CDL2 CDL3 CDL4 CDL5 CDL6 CDL7 CDL8 CDL9 CHC1 CHC2 CHC3 CHC4 CHC5 CHC6 CHC7 CHC8 CHC9 COC1A COC3 COC7A COC7B DAN1 DAN2 DAN3 DAN4 IN IN IN IN* IN DW† IN IN IN IN IN* IN IN IN IN DW DW DW DW† DW DW DW DW DW DW DW DW DW† DW† DW DW DW DW IN IN IN IN IN IN IN IN* Number of quota shares to be allocated under Part Schedule 1 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Quota management stock Description DAN5 DAN7 DAN8 DAN9 DSU1 DSU2 DSU3 DSU4 DSU5 DSU7 DSU8 DSU9 EMA1 EMA2 EMA3 EMA7 FRO1 FRO2 FRO3 FRO4 FRO5 FRO6 FRO7 FRO8 FRO9 GAR1 GAR2 GAR3 GAR4 GAR7 GAR8 GSC1 GSC3 GSC5 GSC6A GSC6B GSH1 GSH2 GSH3 GSH4 GSH5 IN IN IN IN IN IN IN IN* IN IN IN IN IN IN IN IN DW DW DW DW† DW DW† DW DW DW IN IN IN IN* IN IN IN IN IN DW† DW† IN IN IN DW† DW 138 Number of quota shares to be allocated under Part 20
Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 1 Quota management stock Description GSH6 GSH7 GSH8 GSH9 GSP1 GSP5 GSP7 HOR1 HOR2 HOR3 HOR4 HOR5 HOR6 HOR7 HOR8 HOR9 JMA1 JMA3 KIC1 KIC2 KIC3 KIC4 KIC5 KIC6 KIC7 KIC8 KIC9 KIN1 KIN2 KIN3 KIN4 KIN7 KIN8 LEA1 LEA2 LEA3 LEA4 LFE17 MDI1 MDI2 MDI3 DW† DW DW DW DW DW DW IN IN IN IN* IN DW† IN IN IN IN DW DW DW DW DW† DW DW† DW DW DW IN IN IN IN* IN IN IN IN IN IN* FW IN IN IN Number of quota shares to be allocated under Part Schedule 1 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Quota management stock Description MDI4 MDI5 MDI7 MDI8 MDI9 MMI1 MMI2 MMI3 MMI4 MMI5 MMI7 MMI8 MMI9 OYS7 OYU5 PAD1 PAD2 PAD3 PAD4 PAD5 PAD6 PAD7 PAD8 PAD9 PDO1 PDO2 PDO3 PDO4 PDO5 PDO7 PDO8 PDO9 PIL1 PIL2 PIL3 PIL4 PIL7 PIL8 QSC3 RBY1 RBY2 IN* IN IN IN IN IN IN IN IN* IN IN IN IN IN IN IN IN IN IN* IN IN* IN IN IN IN IN IN IN* IN IN IN IN IN IN IN IN* IN IN IN IN IN 140 Number of quota shares to be allocated under Part 000
Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 1 Quota management stock Description RBY3 RBY4 RBY5 RBY6 RBY7 RBY8 RBY9 RIB1 RIB2 RIB3 RIB4 RIB5 RIB6 RIB7 RIB8 RIB9 RSK1 RSK3 RSK7 RSK8 SAE1 SAE2 SAE3 SAE4 SAE5 SAE7 SAE8 SAE9 SBW1 SBW6A SBW6B SBW6I SBW6R SCA1 SCA4 SCACS SCC1A SCC1B SCC2A SCC2B SCC3 IN IN* IN DW† IN IN IN DW DW DW DW† DW DW† DW DW DW IN IN IN IN IN IN IN IN* IN IN IN IN DW DW† DW† DW† DW† IN IN IN IN IN IN IN IN Number of quota shares to be allocated under Part Schedule 1 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Quota management stock Description SCC4 SCC5A SCC5B SCC6 SCC7A SCC7B SCC7D SCC8 SCC9 SFE17 SPE1 SPE2 SPE3 SPE4 SPE5 SPE6 SPE7 SPE8 SPE9 SPR1 SPR3 SPR4 SPR7 SSK1 SSK3 SSK7 SSK8 SUR1A SUR1B SUR2A SUR2B SUR3 SUR4 SUR5 SUR7A SUR7B SUR8 SUR9 TRU1 TRU2 TRU3 IN* IN IN DW† IN IN IN IN IN FW IN IN IN DW† DW DW† DW DW DW IN IN IN* IN DW DW DW DW IN IN IN IN IN IN* IN IN IN IN IN IN IN IN 142 Number of quota shares to be allocated under Part 000
Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 1 Quota management stock Description TRU4 TRU5 TRU6 TRU7 TRU8 TRU9 WWA1 WWA2 WWA3 WWA4 WWA5 WWA6 WWA7 WWA8 WWA9 YEM1 YEM2 YEM3 YEM4 YEM5 YEM6 YEM7 YEM8 YEM9 Total * For the allocation of this inshore quota see sections 144 and 145.
† For the allocation of this deepwater quota see sections 144 and 145.
Number of quota shares to be allocated under Part IN* IN DW† IN IN IN DW DW DW DW† DW DW† DW DW DW IN IN IN IN* IN DW† IN IN IN Schedule 1 Part 2 CHC1: amended, on 13 December 2006, by section 7(2)(a) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Schedule 1 Part 2 CHC2: amended, on 13 December 2006, by section 7(2)(b) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 2 CHC3: amended, on 13 December 2006, by section 7(2)(c) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 2 CHC4: amended, on 13 December 2006, by section 7(2)(d) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Schedule 1 Part 2 CHC5: amended, on 13 December 2006, by section 7(2)(e) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 2 CHC6: amended, on 13 December 2006, by section 7(2)(f) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 2 CHC7: amended, on 13 December 2006, by section 7(2)(g) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
143 Schedule 1 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Schedule 1 Part 2 CHC8: amended, on 13 December 2006, by section 7(2)(h) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Schedule 1 Part 2 CHC9: amended, on 13 December 2006, by section 7(2)(i) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Part 3 Quota shares referred to in section 146 Quota management stock ANC10 BAR10 BCO10 BNS10 BUT10 BYX10 CDL10 CHC10 CRA10 ELE10 EMA10 FLA10 FRO10 GAR10 GMU10 GSC10 GSH10 GUR10 HAK10 HOK10 HOR10 HPB10 JDO10 KIC10 KIN10 JMA10 LEA10 LIN10 MOK10 OEO10 ORH10 PAD10 PAU10 PIL10 144 Quota shares Reprinted as at 1 April 2014 Quota management stock RBY10 RCO10 RIB10 RSK10 SCC10 SCH10 SKI10 SNA10 SPE10 SPO10 SPR10 SQU10T SSK10 STA10 SUR10 SWA10 TAR10 TRE10 TRU10 WAR10 WWA10 YEM10 Total Maori Fisheries Act 2004 Schedule 1 Quota shares Schedule 2 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Schedule 2 Harbours and harbour quota ss 5, 7, 8, 143(1), (2) Part 1 Harbours and harbour entrance points Entrance Longitude Latitude Harbours North Island Parengarenga Houhora Rangaunu Mangonui Whangaroa Upper Bay of Islands—Te Pu- na Inlet Upper Bay of Islands—Wai- kare Inlet Whangaruru Whangarei Mangawhai Whitianga Tairua Tauranga—Katikati entrance Tauranga—Mt Maunganui en- trance Ohiwa Aotea and Kawhia—Kawhia Aotea and Kawhia—Aotea 146 North South North South North South North South North South North South North South North South North South North South North South North South North South North South North South North South North 172°59.355′ 172°59.417′ 173°09.348′ 173°09.264′ 173°15.772′ 173°17.153′ 173°31.480′ 173°31.680′ 173°45.418′ 173°46.011′ 174°04.088′ 174°04.244′ 174°04.665′ 174°06.704′
 174°22.531′ 174°22.167′ 174°31.791′ 174°30.057′ 174°27.790′ 174°27.674′ 175°44.852′ 175°46.086′ 175°52.061′ 175°51.798′ 175°59.492′ 175°59.745′ 176°09.646′ 176°10.086′ 177°08.751′ 177°09.629′ 174°46.862′ 174°46.460′ 174°47.829′ 34°31.343′ 34°31.846′ 34°49.544′ 34°49.641′ 34°53.061′ 34°51.843′ 34°58.927′ 34°58.798′ 35°0.127′ 35°0.413′ 35°11.740′ 35°12.779′ 35°14.709′ 35°15.135′ 35°22.755′ 35°24.886′ 35°51.841′ 35°50.585′ 35°53.984′ 35°54.479′ 36°47.563′ 36°49.305′ 37°0.413′ 37°0.527′ 37°28.002′ 37°28.455′ 37°38.252′ 37°38.246′ 37°59.276′ 37°59.377′ 38°05.191′ 38°05.391′ 38°01.084′ Reprinted as at 1 April 2014 Harbours Raglan Port Waikato Manukau Kaipara Hokianga Entrance South North South North South North South North South North South Marlborough Sounds Croisilles Harbour Pelorus Sound Queen Charlotte Sound (north- ern entrance) Queen Charlotte South (East and West Head entrance) North South North (Clay Point) South (Alligator Head) North (Cape Jack- son) South (Cape Koa- maru) North (East Head) South (West Head) Maori Fisheries Act 2004 Schedule 2 Longitude 174°47.981′ 174°50.465′ 174°50.497′ 174°42.540′ 174°42.312′ 174°31.848′ 174°32.507′ 174°09.438′ 174°11.705′ 173°21.416′ 173°21.822′ 173°40.262′ 173°35.629′ 174°01.398′ 174°09.531′ Latitude 38°01.189′ 37°48.089′ 37°48.318′ 37°22.049′ 37°22.460′ 37°02.052′ 37°02.950′ 36°23.270′ 36°25.989′ 35°31.511′ 36°32.553′ 41°02.322′ 41°03.211′ 40°54.737′ 40°58.180′ 174°18.896′ 40°59.742′ 174°22.957′ 41°05.389′ 174°19.358′ 174°18.913′ 41°12.748′ 41°12.918′ 147 Schedule 2 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 0
- ) s e r a h s a t o u q s a d e s s e r p x e ( a t o u q r u o b r a H 148 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule - - - a k i a W t r o P a i h w a K n a l g a R / a e t o A u a k u n a M
 - r o b l r a M a r a p i a K s d n u o S h g u o o t 149 Schedule 2 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 - / 150 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 3 Schedule 3 Iwi (listed by groups of iwi) and notional iwi populations Name of iwi and group A TAITOKERAU Ngati Whatua Te Rarawa Te Aupouri Ngati Kahu Ngati Kuri Ngati Wai Ngapuhi/Ngati Kahu ki Whaingaroa Ngai Takoto B C D E NGAPUHI Ngapuhi TAINUI Waikato Ngati Maniapoto Iwi of Hauraki(1) Ngati Raukawa (ki Waikato) TE ARAWA WAKA Te Arawa(2) Ngati Tuwharetoa MATAATUA Tuhoe Ngati Awa Ngaiterangi Whakatohea Ngati Ranginui Ngai Tai Ngati Manawa Ngati Pukenga Ngati Whare F POROURANGI ss 5, 10 Number of members re- quired on regis- ter of iwi mem- bers to meet re- quirements of section 14(d) Notional iwi population Percentage of total notional iwi population Schedule 3 Maori Fisheries Act 2004 Name of iwi and group
 Ngati Porou Te Whanau a Apanui TAKITIMU Ngati Kahungunu Te Aitanga a Mahaki Rongowhakaata Ngai Tamanuhiri HAUAURU Te Atiawa (Taranaki) Te Atihaunui a Paparangi Taranaki Ngati Ruanui Rangitane (North Island) Nga Rauru Nga Ruahine Ngati Apa (North Island) Muaupoko Ngati Mutunga (Taranaki) Ngati Tama (Taranaki) Ngati Hauiti Ngati Maru (Taranaki) TE MOANA O RAUKAWA Ngati Raukawa (ki te Tonga) Ngati Toa Rangatira Te Atiawa (Wellington) Te Atiawa (Te Tau Ihu) Ngati Kuia Rangitane (Te Tau Ihu) Ngati Koata Ngati Rarua Ngati Apa ki te Waipounamu Ngati Tama (Te Tau Ihu) Atiawa ki Whakarongotai WAIPOUNAMU/REKOHU Ngai Tahu Ngati Mutunga (Chathams) G H I J 152 Notional iwi population 63 613 10 113 73 726 Percentage of total notional iwi population Reprinted as at 1 April 2014 Number of members re- quired on regis- ter of iwi mem- bers to meet re- quirements of section 14(d) Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 3 Name of iwi and group Moriori Total notional iwi population Percentage of total notional iwi population 0.088 6.365 Notional iwi population 601 43 229 679 154 Number of members re- quired on regis- ter of iwi mem- bers to meet re- quirements of section 14(d) 300 Notes—Iwi of Hauraki and Te Arawa (1) The iwi of Hauraki, whose notional population is set out in column 2 of this schedule, must be treated as one iwi for the purposes of Part 3.
The iwi of Hauraki are: Ngati Hako Ngati Hei Ngati Maru Ngati Paoa Patukirikiri Ngati Porou ki Harataunga, ki Mataroa Ngati Pukenga ki Waiau Ngati Rahiri Tumutumu Ngai Tai Ngati Tamatera Ngati Tara Tokanui Ngati Whanaunga.

(2) The iwi of Te Arawa, whose notional population is set out in column 2 of this schedule, must be treated as one iwi for the purposes of Part 3.
The iwi of Te Arawa are: Ngati Makino Ngati Pikiao Ngati Rangiteaorere Ngati Rangitihi Ngati Rangiwewehi Ngati Tahu/Ngati Whaoa Tapuika Tarawhai Tuhourangi 153 Schedule 3 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Te Ure o Uenuku-Kopako/Ngati Whakaue Waitaha.
154 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 4 Schedule 4 Organisations that are recognised iwi organisations (as at the commencement of this Act) ss 5, 27 Name of iwi and group TAITOKERAU A Ngati Whatua Te Rarawa Ngati Kahu Ngati Kuri Ngati Wai Ngapuhi/Ngati Kahu ki Whaingaroa Ngai Takoto NGAPUHI Ngapuhi TAINUI Waikato Ngati Maniapoto Iwi of Hauraki Ngati Raukawa (ki Waikato) TE ARAWA WAKA Te Arawa (ten iwi) D C B E F G Ngati Tuwharetoa MATAATUA Tuhoe Ngati Awa Ngaiterangi Whakatohea Ngati Ranginui Ngai Tai Ngati Manawa Ngati Pukenga Ngati Whare POROURANGI Ngati Porou Te Whanau a Apanui TAKITIMU Ngati Kahungunu Te Aitanga a Mahaki Organisation Te Runanga o Ngati Whatua Te Runanga o Te Rarawa Te Runanga-a-iwi o Ngati Kahu Ngatikuri Trust Board Incorporated Ngati Wai Trust Board Te Runanga o Whaingaroa RONAN Trust Te Runanga a Iwi o Ngapuhi Waikato Raupatu Lands Trust Maniapoto Maori Trust Board Hauraki Maori Trust Board Raukawa Trust Board Te Kotahitanga o Te Arawa Waka Fisheries Trust Board Ngati Tuwharetoa Marine Fisheries Commit- tee Tuhoe-Waikaremoana Maori Trust Board Te Runanga o Ngati Awa Ngaiterangi Iwi Society Incorporated Whakatohea Maori Trust Board Ngati Ranginui Iwi Society Incorporated Ngaitai Iwi Authority Te Runanga o Ngati Manawa Ngati Pukenga Iwi ki Tauranga Society In- corporated Te Runanga o Ngati Whare Iwi Trust Te Runanga o Ngati Porou Te Runanga o Te Whanau Ngati Kahungunu Iwi Incorporated Te Aitanga a Mahaki Trust 155 Schedule 4 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Organisation Rongowhakaata Charitable Trust Ngai Tamanuhiri Whanui Charitable Trust Te Atiawa Iwi Authority Incorporated Whanganui River Maori Trust Board Te Runanga o Taranaki Iwi Incorporated Te Runanga o Ngati Ruanui Trust Te Runanganui o Rangitane Incorporated Nga Rauru Iwi Authority Society Incorpor- ated Nga Ruahine Iwi Authority Te Runanga o Ngati Apa Society Incorpor- ated Muaupoko Tribal Authority Incorporated Ngati Mutunga Iwi Authority Incorporated Te Runanga o Ngati Tama Te
 Runanga o Ngati Hauiti Ngati Maru Pukehou Trust Te Runanga o Raukawa Incorporated Te Runanga o Toa Rangatira Incorporated Te Atiawa Manawhenua ki te Tau Ihu Trust Te Runanga o Ngati Kuia Charitable Trust Te Runanga a Rangitane o Wairau Incorpor- ated Ngati Koata No Rangitoto ki te Tonga Trust Ngati Rarua Iwi Trust Ngati Apa ki te Ra To Incorporated Ngati Tama Manawhenua ki te Tau Ihu Trust Te Runanga o Ati Awa ki Whakarongotai In- corporated Te Runanga o Ngai Tahu Hokotehi Moriori Trust Name of iwi and group Rongowhakaata Ngai Tamanuhiri HAUAURU Te Atiawa (Taranaki) Te Atihaunui a Paparangi Taranaki Ngati Ruanui Rangitane (North Island) Nga Rauru Nga Ruahine Ngati Apa (North Island) Muaupoko Ngati Mutunga (Taranaki) Ngati Tama (Taranaki) Ngati Hauiti Ngati Maru (Taranaki) TE MOANA O RAUKAWA Ngati Raukawa (ki te Tonga) Ngati Toa Rangatira Te Atiawa (Te Tau Ihu) Ngati Kuia Rangitane (Te Tau Ihu) Ngati Koata Ngati Rarua Ngati Apa ki te Waipounamu Ngati Tama (Te Tau Ihu) Atiawa ki Whakarongotai WAIPOUNAMU/REKOHU Ngai Tahu Moriori H I J 156 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 5 Schedule 5 Representative Maori organisations ss 5, 29 Federation of Maori Authorities Manukau Urban Maori Authority Maori Women’s Welfare League New Zealand Maori Council Te Runanga o Nga Maata Waka Incorporated Te Runanganui o te Upoko o Te Ika Association Incorporated Te Whanau O Waipareira Trust.
157 Schedule 6 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Schedule 6 Methodology for determination of coastline entitlements s 11(1), (2) 1 (1) Overview of methodology and status of examples The methodology by which the coastline entitlements of iwi must be deter- mined in respect of quota management stocks comprises— (a) (b) the process set out in clauses 2 to 11 which must be followed in making determinations under section 11; and a geographic information system computation model, described in clau- ses 12 to 14, that is based on— (i) (ii) a specified map database of the coastline of New Zealand; and specified decision rules; and (iii) matters relevant to creating and maintaining the computation model.
(2) An example used in this schedule is only illustrative of the provision to which it relates, and does not limit the provision.

(3) If an example and the provision to which it relates are inconsistent, the provi- sion prevails.
Part 1 Determination of coastline entitlements Process for making coastline claim 2 Interpretation In this Part,— affected iwi means, in relation to a coastline claim for a particular quota man- agement stock, an iwi whose mandated iwi organisation has made, or is likely to make, coastline claims that abut, overlap, or are contained within, the speci- fied points used in the coastline claims of the claimant iwi for that stock coastal boundary point means any point on the mean high-water mark whose co-ordinates are defined under the Fisheries Act 1996 coastal endpoint means a point on the mean high-water mark that is defined in the description of a quota management area under the Fisheries Act 1996 harbour entrance point means a point on the mean high-water mark on either the northern or southern entrance of the harbour, the co-ordinates of which are listed in Part 1 of Schedule 2 specified point means a point on the coastline that complies with clause 3(2)(b).
158 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 6 3 (1) Method of making coastline claim To enable Te Ohu Kai Moana Trustee Limited to make a determination of the coastline entitlements of an iwi as required by section 11, the mandated iwi or- ganisation of that iwi must submit to Te Ohu Kai Moana Trustee Limited— (a) (b) a coastline claim for each quota management stock included in Sched- ule 1 for which the iwi is entitled to receive an allocation based on coast- line under sections 140 to 142; and coastline claims for each stock for which harbour quota is listed in Part 2 of Schedule 2 and for which the iwi is entitled to receive an allocation under section 143.
(2) A coastline claim for each stock must identify— (a) (b) (c) the quota management stock; and 2 specified points on the coastline, each of which must be— (i) (ii) (iii) a coastal boundary point; or a harbour entrance point; or a point on the mean high-water mark with co-ordinates certified by a registered cadastral surveyor; and a percentage representing the proportion of the coastline between the 2 specified points that the mandated iwi organisation is claiming for that stock; and (d) all affected iwi for that claim.
(3) A coastline claim submitted under this clause may— (a) contain all, or only some, of the coastline claims necessary to enable Te Ohu Kai Moana Trustee Limited to determine all the coastline entitle- ments for the mandated iwi organisation, as required by section 130(3)(b): (b) be an interim coastline claim as provided for in clause 4 or a supplemen- tary coastline claim as provided for in clause 5.
Example relating to clause 3 Either of the points may be a point on the mean high-water mark taken from the description of the relevant quota management area boundary for the stock, as set out in Part 3 of Schedule 1 of the Fisheries Act 1996 or otherwise defined under that Act.

If the 2 specified points mark out the 2 extremities of a claimant’s territory, the per- centage claimed would be 100%.
If a mandated iwi organisation has agreed a percentage split with other mandated iwi organisations, they may set out the points marking out the whole area to which the agreement relates, and the percentage of that area assigned by agreement to the claimant iwi.
159 Schedule 6 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 4 (1) Interim coastline claims If 2 mandated iwi organisations are unable to reach agreement to allow their coastline claims to be made under clause 3, but are able to agree in writing to the geographical extent of the coastline under dispute, each may submit an in- terim coastline claim based on the undisputed coastline.
(2) An interim coastline claim must comply with the requirements of clause 3, ex- cept that it must exclude the area of coastline under dispute.

(3) Following verification under clause 10, an interim coastline claim may be used to determine under clause 11 a coastline entitlement that is then registered as an interim coastline entitlement.

(4) An interim coastline entitlement for a quota management stock satisfies the re- quirements of section 130(3)(b) for that stock.
160 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 6 Example relating to clauses 4 and 5 Interim and supplementary claims Iwi A and iwi B have overlapping claims to a section of coastline.

They sign an agreement to exclude the coastline between points X and Y.

They may then make interim coastline claims as provided for by clause 3(3)(b), which may allow them to qualify for allocation of settlement assets.
The quota allocated on the basis of the coastline length between points X and Y must be held back by Te Ohu Kai Moana Trustee Limited until the dispute is resolved.

Following allocation on this basis, where iwi are unable to agree on a boundary point within the section of coastline between points X and Y, they may be able to agree on a percentage split for that section without nominating a boundary point.

This is provided for in clause 3.


For example, iwi A and B may agree that, in order to finalise the allocation of settlement quota without conceding to the relevance of a particular point on the coast as a tribal boundary,— • • 40% of the quota to be allocated on the basis of the disputed coastline should go to iwi A; and 60% to iwi B.
Both iwi could then submit a supplementary coastline claim to Te Ohu Kai Moana Trustee Limited as provided for by clause 3(3)(b), nominating points X and Y as the specified points and the agreed percentage for their iwi (40% for iwi A and 60% for iwi B).

Iwi A Iwi A X Y m i a l c A i w I m i a l c B i w I Iwi A interim claim Disputed coastline Supplementary claims by percentage or point Iwi B interim claim (5) To avoid doubt, this clause does not apply to a claim for harbour quota.
Schedule 6 Part 1 clause 4(5): added, on 13 December 2006, by section 8(1) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

5 (1) Supplementary coastline claims If, after the registration of an interim coastline entitlement, a dispute referred to in clause 4(1) is resolved, the affected mandated iwi organisations may make supplementary coastline claims for relevant stocks within the coastline that was the subject of the dispute.
(2) A supplementary coastline claim— 161 Schedule 6 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) must be made— (i) (ii) using the method set out in clause 3; and solely in respect of the coastline previously in dispute; and (b) must not be submitted as an interim coastline claim for the coastline pre- viously in dispute.
6 Endorsements required in support of claim (1) Any coastline claim submitted under clause 3 must be accompanied by en- dorsements from the mandated iwi organisation of each iwi that is an affected iwi in respect of the claim.

(2) Endorsements may be presented in the form of either or both of the following: (a) (b) copies of signed multi-party mandated iwi organisation agreements that include the affected iwi: signed written statements from the mandated iwi organisations of the af- fected iwi.
(3) Agreements or statements presented under subclause (2) must set out— (a) (b) (c) the stocks for which the iwi is an affected iwi for the purpose of the claims being made; and for each stock, the agreement of the mandated iwi organisation of the af- fected iwi to the specified point or points in respect of which it is an af- fected iwi; and for each stock for which the mandated iwi organisation of the affected iwi has made or intends to make a coastline claim between the specified points identified for that stock by the claimant, the agreement of the mandated iwi organisation of the affected iwi to the percentage stated in the coastline claim; and (d) in the case of an agreement supporting an interim coastline claim under clause 4, 2 specified points that define the disputed portion of coastline.
The co-ordinates of all specified points, except harbour entrance points or coastal boundary points, must be supported in a report from a registered cadas- tral surveyor.

If any part of a claim has been the subject of dispute resolution under clause 9, the documentation of that process may be used to support a claim instead of the endorsements referred to in subclause (1), but the documentation must clearly set out the information required under subclause (3).
(4) (5) 7 Agreements Before a mandated iwi organisation submits a claim under clause 3 to Te Ohu Kai Moana Trustee Limited, it must take reasonable steps to reach agreements, in relation to the data required by clause 3(2), with every affected iwi as to the matters set out under clause 6(3)(a) to (c).
162 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 6 8 Registration of agreements (1) A mandated iwi organisation may, at any time, request Te Ohu Kai Moana Trustee Limited to verify and subsequently place on the iwi register any agree- ment made by mandated iwi organisations relating to coastline claims to which it is a party.
(2) (3) (4) 9 (1) If a request is made under subclause (1), Te Ohu Kai Moana Trustee Limited must attempt to verify the agreement by the procedures set out in clause 10.

If Te Ohu Kai Moana Trustee Limited is able to verify an agreement under sub- clause (2), it must record the details of the agreement on the iwi register.
The registration of an agreement under this clause binds the parties to the terms of the agreement for any coastline claims to which it is relevant, unless the agreement is withdrawn by written consent of all the parties.

Dispute resolution If a mandated iwi organisation is unable to reach an agreement required by clause 7, the dispute must be resolved in accordance with sections 181 and 182.
(2) Once resolutions are reached under the dispute resolution process,— (a) (b) the points and percentages settled in that process must be included in any relevant coastline claim submitted under clause 3(1); and the signed documentation of the resolution of the dispute must be inclu- ded with the endorsement of the claim required by clause 6(1).
Process for verifying coastline claims and determining entitlements 10 Verification of coastline claim (1) After receiving a coastline claim under clause 3, Te Ohu Kai Moana Trustee Limited must— (a) attempt to verify that all the data required by clause 3 or clause 6(3)(d) has been supplied for each stock for which a claim is made; and (b) attempt to verify that each specified point is— (i) (ii) (iii) a coastal boundary point; or a harbour entrance point; or is shown as a co-ordinate that has been provided by, and is sup- ported in a report from, a registered cadastral surveyor; and (c) satisfy itself that,— (i) (ii) for each stock for which a coastline claim is made, there are en- dorsements as required by clause 6(1); and if a claim for a stock is for less than 100% of the coastline be- tween the specified points, the total of the percentages of the 163 Schedule 6 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 coastline between the specified points assigned to the iwi in the agreement supporting that claim is 100%; and (iii) if any part of a coastline claim has been the subject of a dispute resolution process in accordance with clause 9, there is appropri- ately authorised documentation of the outcome of the process to support the claim.
(2) If Te Ohu Kai Moana Trustee Limited is not able to verify an aspect of a coast- line claim, it must refer that matter back to the claimant.

(3) A claimant may clarify the matter referred to it under subclause (2) and resub- mit its coastline claim in respect of the affected quota management stocks.
10A Determination of entitlements for harbour quota (1) This clause applies when Te Ohu Kai Moana Trustee Limited, after receiving a coastline claim for harbour quota,— (2) (3) 11 (1) (a) (b) has verified the matters set out in clause 10(1)(a) and (b); and is satisfied as to the matters set out in clause 10(1)(c).
Te Ohu Kai Moana Trustee Limited must determine coastline entitlements for harbour quota by multiplying the percentage set out in the claim (as required by clause 3(2)(c)) by the total number of harbour quota shares for the relevant stock and harbour.

For each harbour quota stock, the percentage set out in the claim and the num- ber of shares resulting from the calculation made under subclause (2) together describe the coastline entitlement for the claimant iwi.
Schedule 6 Part 1 clause 10A: inserted, on 13 December 2006, by section 8(2) of the Maori Fisheries Amendment Act 2006 (2006 No 78).

Determination of entitlements other than for harbour quota Before the determination of a coastline entitlement under this clause, Te Ohu Kai Moana Trustee Limited must determine the length of the relevant quota management area by applying the 2 coastal endpoints for the area as input to the computation model described in Part 2 of this schedule.
(2) When Te Ohu Kai Moana Trustee Limited has verified the matters set out in clause 10(1)(a) and (b) and is satisfied of the matters set out in clause 10(1)(c), it must determine coastline entitlements as follows: (a) (b) for each coastline claim, the data representing the 2 specified points must be applied as input to the computation model to produce output that represents the coastline length between the 2 points; and using the coastline length of the relevant quota management area deter- mined under subclause (1), the percentage of the quota management area coastline represented by the result obtained from the calculation under paragraph (a) must be determined; and 164 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 6 (c) (d) the result obtained from the determination under paragraph (b) must be multiplied by the percentage set out in the claim, as required by clause 3(2)(c); and the result obtained from the calculation under paragraph (c) must be multiplied by the total number of settlement quota shares to be allocated on the basis of coastline for the stock that is the subject of the claim.
(3) For each stock, the results obtained from calculations made under subclause (2)(c) and (d) together describe the coastline entitlement for the claimant iwi.

Examples for clause 11 • • If the stock is an inshore stock, the entitlement is a percentage of the total settlement quota for that stock, and the equivalent number of quota shares.
If the stock is a deepwater stock, the entitlement is a percentage of the part of the settlement quota that is allocated on the basis of coastline (ie, 25% of the total settlement quota for the stock, and the equivalent number of quota shares).

Schedule 6 Part 1 clause 11 heading: amended, on 13 December 2006, by section 8(3) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
11A Recalculation of entitlements (1) Subsection (2) applies if— (a) (b) the number of shares for a stock available for distribution is reduced by the application of section 23(1) of the Fisheries Act 1996 as a result of accrued rights arising under section 28N of the Fisheries Act 1983; and an iwi entitlement to a stock has been calculated and registered under clause 10A or 11; but (c) the quota shares have not been transferred to the iwi.
(2) Te Ohu Kai Moana Trustee Limited must recalculate the number of shares of the entitlement and amend the register.

Schedule 6 Part 1 clause 11A: inserted, on 13 December 2006, by section 8(4) of the Maori Fisheries Amendment Act 2006 (2006 No 78).
Part 2 Computation model 12 (1) Requirement for computation model Before making the first calculation of coastline lengths to be used to determine coastline entitlements for the purposes of section 11, Te Ohu Kai Moana Trust- ee Limited must ensure that an appropriate computation model is created for the purpose of calculating coastline lengths between 2 specified coordinates on the mean high-water mark.
165 Schedule 6 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (2) Te Ohu Kai Moana Trustee Limited must ensure that, after the first application under clause 11 of the computation model to produce results to be used to de- termine a coastline entitlement, there are no alterations to— (a) (b) (c) (d) the software, algorithms, or computer code of the model; or the specified baselines; or the specified decision rules; or the hardware platform for the model.
(3) (4) 13 (1) (2) (3) Subclause (2) does not exclude alterations to the model unless the alteration would mean that a recalculation of a coastline length, using the input data used for a completed determination under clause 11, would produce an output differ- ing from the original result by more than 1%.
Te Ohu Kai Moana Trustee Limited must ensure that the records of all input data applied to, and output data derived from, the computation model for deter- mining coastline entitlements are preserved for not less than 10 years.
Specified baselines The computation model used for determining coastline entitlements must use the following baselines: (a) (b) (c) the map database created for the purpose by Land Information New Zea- land from the 1:50 000 topographical map series; and the coastal endpoints of each quota management area; and the harbour entrance points.

Coastlines must be defined along the line of the mean high-water mark.
For each quota management area, Te Ohu Kai Moana Trustee Limited must specify a date upon which the coastal endpoints referred to in subclause (1) are definitive, and any later change to the quota management area under the Fisher- ies Act 1996 has no effect for the purpose of determining coastline entitlements under this Act.
14 Decision rules for computation model The calculation of coastline lengths must be based on the following decision rules in relation to the specified geographical features: River mouth (a) Rivers are cut off where the mean high-water mark meets the natural en- trance points of the river, and the distance across the river mouth is in- cluded in the coastline length.
Bays (b) A bay is an indentation of the coast,— (i) the area of which is not less than the area of a semicircle with a diameter drawn across the mouth of the indentation; and 166 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 6 (ii) the length of the diameter referred to in subparagraph (i) is 10 km or less.

(c) (d) The straight line drawn across the mouth of a bay is substituted for the actual coastline of the bay in the calculation of coastline length.
The presence of islands at the mouth of, or within, an indentation does not affect the calculations necessary to determine whether an indentation is a bay.

Offshore islands (e) An offshore island is a naturally formed area of land that, at mean high- water tides, is— (i) (ii) surrounded by water; but not submerged by water.

(f) The coastlines of the following offshore islands must be counted as coastlines of the relevant quota management areas: (i) Stewart/Rakiura: (ii) Great Barrier/Aotea: (iii) Motiti.
(g) The coastlines of other offshore islands must be counted as coastlines of the relevant quota management area if Te Ohu Kai Moana Trustee Limit- ed is satisfied that 1 or more iwi have— (i) (ii) (iii) ahi kaaroa (both long-term and current habitation on the island); and a traditional and separate fishery associated with the island; and current occupation of the island, as shown by the presence of mar- ae and other communal structures.
Chatham Islands (h) For the purpose of calculating the coastline in the Chatham zone, only the coastlines of the following islands are relevant: (i) (ii) Chatham Island; and Pitt Island.
167 Schedule 7 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Schedule 7 Kaupapa applying to constitutional documents of mandated iwi organisations The kaupapa set out in this schedule— (a) must be provided for in the constitutional documents of every mandated iwi or- s 17 ganisation; but (b) only apply for the purposes of this Act.
Kaupapa of iwi representation Kaupapa 1 (1) All adult members of an iwi must have the opportunity, at intervals not exceed- ing 3 years, to elect the directors, trustees, or officeholders, as the case may be, of the mandated iwi organisation of the iwi.

(2) Elections for individual offices may be held at different times, and for different terms of office.

However, no person elected to office may hold office for a period longer than 3 years without facing re-election.
Kaupapa 2 All adult members of an iwi— (a) have voting rights— (i) (ii) in elections for the appointment of directors, trustees, or other office- holders of the mandated iwi organisation; and on amendments to the constitutional documents of the mandated iwi or- ganisation; and (iia) on the recognition of a new mandated iwi organisation in place of the existing mandated iwi organisation; and (iii) (iv) in relation to the disposal of income shares under section 70; and in relation to the disposal of settlement quota under sections 159 and 162; and (b) may put forward proposals for constitutional change for the consideration of the directors, trustees, or other officeholders, as the case may be.
Kaupapa 3 (1) A mandated iwi organisation must ensure that voting rights of iwi members are able to be exercised at appropriate times in an election of directors, trustees, or other officeholders, in accordance with the constitutional documents and poli- cies of the mandated iwi organisation, but iwi members have no right to vote in respect of the appointment of the employees of a mandated iwi organisation.
168 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 7 (2) If a mandated iwi organisation has electronic voting facilities, every adult member of the iwi has the right to vote by electronic means, but electronic vot- ing must not be the only means by which a member may vote.
Notification of meetings Kaupapa 4 (1) A general meeting of a mandated iwi organisation must be notified by a public notice that must include— (a) (b) (c) the date and time of the meeting and its venue; and the agenda for the meeting; and where any relevant explanatory documents may be viewed or obtained; and (d) any other information specified by or under this Act.
(2) In the case of the general meeting of a mandated iwi organisation required by section 17(2) (which relates to ratification of the constitutional documents of the mandated iwi organistion), the meeting must be notified by both— (a) a public notice that gives— (i) (ii) the information required under subclause (1); and advice that a vote is to be taken to ratify the constitutional docu- ments of the mandated iwi organisation; and (b) a private notice, sent to every adult member on the register of iwi mem- bers, that gives— (i) (ii) (iii) the information required for the public notice; and a copy of the ballot paper for the vote to be taken at the meeting; and advice as to the address to which, and the date by which, the com- pleted ballot paper must be returned.
(3) In the case of a general meeting of a mandated iwi organisation required by kaupapa 2 (which relates to elections), section 18 (which relates to changing a constitutional document), section 70 (which relates to the disposal of income shares), or by sections 159 or 162 (which relate to the conversion and disposal of settlement quota), the mandated iwi organisation— (a) must give a public notice that includes— (i) (ii) the information required under subclause (1)(a); and the matter or issues on which the vote is to be taken; and (b) must give a private notice with the information required under subclause (2)(b) to any adult member of the iwi who,— 169 Schedule 7 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (i) at the time of registering on the register of iwi members, made a written request to be sent a private notice and postal ballot papers for every meeting relating to 1 or more of the relevant provisions; or (ii) whether or not on the register, makes a written request for a pri- vate notice in respect of a particular meeting.
(4) However, in the case of a general meeting of a mandated iwi organisation re- quired by section 18B(4) (which relates to recognition of a new organisation in place of the existing organisation), the meeting must be notified by both— (a) a public notice that includes— (i) (ii) (iii) the information required under subclause (1); and advice that a vote is to be taken to approve the proposal to have the new organisation recognised in place of the existing organisa- tion; and if the new organisation seeks recognition by meeting the criteria in section 14, advice that a vote is to be taken to ratify the consti- tutional documents of the new organisation; and (b) a private notice, sent to every adult member on the register of iwi mem- bers, that includes— (i) (ii) (iii) the information required for the public notice; and a copy of the ballot paper for the vote or votes to be taken at the meeting; and advice as to the address to which, and the date by which, the com- pleted ballot paper must be returned.
Iwi membership Kaupapa 5 Every mandated iwi organisation must— (a) have, and maintain in a current state, a register of iwi members— (i) that includes the name, date of birth, and contact details of every mem- ber of the iwi who applies for registration; and (ii) that is available for inspection by registered members of the iwi; and (b) provide for— (i) (ii) (iii) adult members of the iwi to register themselves; and other members to be registered by a parent or legal guardian; and persons registering on the register of iwi members to be able to state whether they wish to receive a private notice for general meetings and postal ballot papers relating to the matters listed in subclause (3) of kau- papa 4; and 170 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 7 (c) make ongoing efforts to register all iwi members.
Kaupapa 6 (1) (2) The policy of a mandated iwi organisation relating to the rights of whangai or other persons who do not descend from a primary ancestor of the iwi must be— (a) (b) determined in accordance with the tikanga of the iwi; and stated in the constitutional documents of the mandated iwi organisation In this kaupapa, whangai refers to a person adopted by a member of an iwi in accordance with the tikanga of that iwi, but who does not descend from a pri- mary ancestor of the iwi.
Accountability Kaupapa 7 (1) Every mandated iwi organisation is accountable for its performance to all the members of the iwi, including members not living within its territory, and therefore has reporting responsibilities in relation to— (a) (b) its own performance; and the performance of— (i) (ii) its asset-holding companies; and any joint venture or other entity that conducts business using the settlement assets of the mandated iwi organisation.
(2) Each year, each mandated iwi organisation must hold a general meeting at which it provides an opportunity for the members of the iwi to consider— (a) the annual report for the previous financial year, made available not less than 20 working days before the meeting, that reports against the object- ives set out in the annual plan for the previous year, including— (i) (ii) information on the steps taken by the mandated iwi organisation to increase the number of registered members; and a comparison of its performance against the objectives set out in the annual plan, including— (A) (B) changes in shareholder or member value; and dividend performance or profit distribution; and (iii) the annual audited financial report, prepared in accordance with generally accepted accounting practice, and accounting serparate- ly for settlement cash assets; and (iv) a report giving information of the sales and exchanges of settle- ment quota in the previous year, including— 171 Schedule 7 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (A) (B) (C) (D) (E) (F) the quantity of settlement quota held by the asset-holding company of the mandated iwi organisation in that year; and the value of settlement quota sold or exchanged; and the identity of the purchaser or other party to the exchange; and any transaction with settlement quota that has resulted in a registered interest by way of caveat or mortgage being placed over the quota; and the settlement quota interests that have been registered against the quota shares of the mandated iwi organisation; and the value of income shares sold, exchanged, or acquired; and (v) a report on the interactions of the mandated iwi organisation in fisheries matters— (A) with other entities within the iwi; and (B) with other mandated iwi organisations; and (C) with Te Ohu Kai Moana Trustee Limited; and (vi) any changes made under section 18 to the constitutional docu- ments of the mandated iwi organisation or those of its asset-hold- ing companies or any subsidiaries of the asset-holding
 companies; and (b) an annual plan for the next financial year, that must include— (i) (ii) (iii) (iv) the objectives of the annual plan; and the policy of the mandated iwi organisation in respect of sales and exchanges of settlement quota; and any changes in that policy from the policy for the previous year; and any proposal to change the constitutional documents of any fish- ing company owned by the mandated iwi organisation; and (c) in relation to every asset-holding company of a mandated iwi organisa- tion or any subsidiary of an asset-holding company that receives settle- ment assets,— (i) an annual report on— (A) (B) the performance of that asset-holding company or any of its subsidiaries; and the investment of money of that asset-holding company or any of its subsidiaries; and (C) the matters set out in paragraph (b) of kaupapa 11; and 172 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 7 (ii) any proposal to change the constitutional documents of the asset- holding company or any of its subsidiaries.
(3) Information referred to in this kaupapa must be made available in writing on request by any member of the iwi.

Kaupapa 8 There must be a dispute resolution mechanism to deal with disputes between mem- bers of the iwi and the mandated iwi organisation relating to matters arising under this Act, including a means to deal with disputes raised by persons whose applications for registration are not accepted.
Ownership of iwi fisheries assets Kaupapa 9 (1) If a mandated iwi organisation wishes to have its own fishing operation, utilis- ing annual catch entitlement from its settlement quota to harvest, process, or market fish, or to be involved in a joint venture for those purposes, it must es- tablish a fishing enterprise separate from, but responsible to, the mandated iwi organisation to undertake those operations.
(2) An enterprise set up to undertake such operations must be a separate entity from the asset-holding company or subsidiary established by an asset-holding company to which any settlement quota or income shares of the iwi are trans- ferred.
Governance Kaupapa 10 The elected directors, trustees, or officeholders, as the case may be, of a mandated iwi organisation must not comprise more than 40% of the total number of directors, trust- ees, or officeholders of an asset-holding company, a subsidiary established by an as- set-holding company, or a fishing enterprise established in accordance with Kaupapa 9.
Kaupapa 11 Every mandated iwi organisation must exercise strategic governance over— (a) its asset-holding companies, any subsidiary of an asset-holding company, and any fishing company or joint venture referred to in Kaupapa 9; and (b) the process to examine and approve annual plans that set out— (i) (ii) the key strategies for the use and development of iwi fisheries assets: the expected financial return on the assets: (iii) any programme to— 173 Schedule 7 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (A) manage the sale of annual catch entitlements derived from the settlement quota held by asset-holding companies or their subsid- iaries: (B) reorganise the settlement quota held by asset-holding companies or their subsidiaries, as by buying and selling settlement quota in accordance with this Act.
Schedule 7 Kaupapa 2(a)(iia): inserted, on 16 September 2011, by section 9(1) of the Maori Fisheries Amendment Act 2011 (2011 No 74).

Schedule 7 Kaupapa 4(4): added, on 16 September 2011, by section 9(2) of the Maori Fisheries Amendment Act 2011 (2011 No 74).
174 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 8 Schedule 8 Te Kawai Taumata s 55 Part 1 Procedures for appointments of members and alternate members of Te Kawai Taumata Appointments 1 (1) Appointment of Te Kawai Taumata members This clause applies— (a) to the initial appointments of members and alternate members under sec- tions 55 and 57; and (b) to subsequent appointments that must be made when— (i) (ii) (iii) the term of office of a member or alternate member expires under clause 5; or a member or alternate member is removed under clause 6; or a member or alternate member dies or resigns.
(2) In the case of the initial appointments referred to in subclause (1)(a), the man- dated iwi organisation of the first iwi named in each group of iwi set out in Schedule 3 (except Group B—NGAPUHI) must— (a) (b) (c) appoint a time and place to hold a meeting of the representatives of the mandated iwi organisations of every iwi in the group; and give not less than 10 working days’ notice of the meeting to all manda- ted iwi organisations in the same group, or other period of notice previ- ously agreed by them; and advise Te Ohu Kai Moana Trustee Limited of the name of the member and the alternate member appointed to Te Kawai Taumata by the manda- ted iwi organisations of that group of iwi.
(3) (4) In the case of a subsequent appointment referred to in subclause (1)(b), the re- quirements of subclause (2) apply only to the group of iwi that needs to make an appointment.
In the case of Group B—NGAPUHI, as set out in Schedule 3, the mandated iwi organisation must— (a) appoint a time and place to hold a meeting of the directors, trustees, or office holders; and 175 Schedule 8 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (b) (c) give not less than 10 working days’ notice of the meeting to all directors, trustees, or office holders, or any other period of notice previously agreed by them; and advise Te Ohu Kai Moana Trustee Limited of the name of the member and alternate member appointed to Te Kawai Taumata by the directors, trustees, or office holders of the mandated iwi organisation.
(5) The first representative Maori organisation named in Schedule 5 must— (a) (b) (c) appoint a time and place to hold a meeting of 1 representative from each representative Maori organisation; and give not less than 10 working days’ notice of the meeting to every other representative Maori organisation, or other period of notice previously agreed by them; and advise Te Ohu Kai Moana Trustee Limited of the name of the member and the alternate member appointed to Te Kawai Taumata by the repre- sentative Maori organisations.
(6) A notice given under subclause (2)(b) or subclause (4)(b) or subclause (5)(b) may be combined with a notice given under clause 7 or clause 8.

2 Purpose of meetings The only purpose and business of the meetings referred to in clause 1(2)(a), (4)(a), and (5)(a) is to appoint a member of Te Kawai Taumata, an alternate member, or both, unless clause 6 applies.
3 Voting to appoint or remove members or alternate members (1) At meetings held for the purposes of clause 1 or clause 6,— (a) (b) (c) each mandated iwi organisation has 1 vote: each representative Maori organisation has 1 vote: in the case of Ngapuhi, each director, trustee, or office holder of the mandated iwi organisation of Ngapuhi has 1 vote.

The votes cast on behalf of the iwi of Hauraki and the iwi of Te Arawa must, in each case, represent the majority view of the respective group.
If Ngati Hine or Rongomaiwahine withdraws from the mandated iwi organisa- tion of Ngapuhi or Ngati Kahungunu, as the case may be, as provided for by section 20, the votes cast on behalf of Ngapuhi or Ngati Kahungunu must, in each case, take into account the view of the withdrawing iwi.
If a group of iwi listed in column 1 of Schedule 3 or the representative Maori organisations have not appointed their member and alternate member of Te Ka- wai Taumata by the date when the members and alternate members of Te Ka- wai Taumata must appoint directors under section 46(1), the appointed mem- bers or alternate members of Te Kawai Taumata must carry out their function of appointing directors without a member or alternate member appointed by the (2) (3) (4) 176 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 8 relevant group of iwi or the representative Maori organisation, as the case may be.
(5) A decision to appoint or remove a member or alternate member of Te Kawai Taumata must be based on the votes cast at the meeting, so long as not less than 75% of those entitled to vote are present.

4 Vacancies or irregularities in appointment (1) Despite a vacancy in the membership of Te Kawai Taumata, its appointed members or alternate members may perform their functions, provided there is a quorum.
(2) The decisions of the members or alternate members of Te Kawai Taumata are not affected if a member’s appointment, or that of an alternate member, is de- fective.

Term of office 5 Term of office of members and alternate members (1) A member of Te Kawai Taumata and an alternate member— (a) (b) is appointed for a term of office not exceeding 4 years; and is eligible for reappointment; but (c) may not hold office for more than 2 consecutive terms.
(2) Subject to clause 6, a member and alternate member continues in office until— (a) (b) he or she is reappointed; or his or her successor is appointed.

(3) However, the term of office of an alternate member expires when the term of office of the relevant member expires.
Removal of members 6 Removal of Te Kawai Taumata members (1) A member or alternate member of Te Kawai Taumata may be removed from office without compensation at any time by a majority, as the case may be, of the mandated iwi organisations, the representative Maori organisations, or the directors, trustees, or office holders of the mandated iwi organisation of Ngapu- hi entitled to appoint that member.

(2) 7 The procedures of clauses 7 to 9 apply to the removal of a member or alternate member from office.
Procedure for removal of Te Kawai Taumata members by mandated iwi organisation (1) A mandated iwi organisation entitled to participate in a meeting convened under clause 1(2) and (4) to appoint a member or alternate member of Te Ka- 177 Schedule 8 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 wai Taumata may convene a meeting to decide whether that member or alter- nate member should be removed from office.
(2) A mandated iwi organisation that convenes a meeting under subclause (1) must— (a) (b) (c) (d) appoint a time and place for the meeting; and give not less than 10 working days’ notice of the meeting to all manda- ted iwi organisations in the same group of iwi, or another period of no- tice previously agreed by the parties; and give the member or alternate member concerned not less than 10 work- ing days’ notice of the meeting, its purpose, and a reasonable opportun- ity to be heard; and advise Te Ohu Kai Moana Trustee Limited of the outcome of the meet- ing held under subclause (1).
In the case of the mandated iwi organisation of Ngapuhi, the procedure set out in subclause (2) must be observed in relation to its directors, trustees, or office holders.
Procedure for removal of Te Kawai Taumata member by representative Maori organisation (3) 8 (1) A representative Maori organisation entitled to participate in a meeting con- vened under clause 1(5) to appoint a member or alternate member of Te Kawai Taumata may convene a meeting to decide whether that member or alternate member should be removed from office.
(2) A representative Maori organisation that convenes a meeting under subclause (1) must— (a) (b) (c) (d) appoint a time and place for the meeting; and give not less than 10 working days’ notice of the meeting to every other representative Maori organisation, or another period of notice previously agreed by the parties; and give the member or alternate member concerned not less than 10 work- ing days’ notice of the meeting, its purpose, and a reasonable opportun- ity to be heard; and advise Te Ohu Kai Moana Trustee Limited of the outcome of the meet- ing referred to in subclause (1).
Meetings to remove members The only purposes of the meetings referred to in clauses 7 and 8 are— (a) (b) to remove a member or alternate member of Te Kawai Taumata; and to appoint a new member or alternate member.

9 (1) 178 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Schedule 8 (2) Resolutions to remove and appoint members or alternate members must be vo- ted on separately.
Part 2 Procedure of Te Kawai Taumata 10 Procedure Except as otherwise provided in this Act, the members or alternate members of Te Kawai Taumata may regulate the procedures of Te Kawai Taumata.

Chairperson and deputy chairperson of Te Kawai Taumata 11 (1) (2) Chairperson and deputy chairperson The members of Te Kawai Taumata must elect one member as the chairperson of Te Kawai Taumata, and another member as the deputy chairperson.
The chairperson of Te Kawai Taumata (and the deputy chairperson when acting as chairperson) must act only— (a) (b) with the authority of the members or their alternate members; and in accordance with their directions.

(3) Te Kawai Taumata must elect an existing member to hold the office of chair- person or deputy chairperson if the chairperson or deputy chairperson— (a) (b) (c) resigns from office; or vacates office as a member of Te Kawai Taumata; or is removed from office under clause 6.
Meetings of Te Kawai Taumata 12 Meetings (1) The chairperson— (a) may, as he or she considers necessary, call meetings of Te Kawai Tauma- ta to— (i) (ii) consider whether any action is necessary under section 46 or sec- tion 49(2); or appoint or remove directors of Te Ohu Kai Moana Trustee Limit- ed under section 46 or section 49(2), as the case may be; and (b) must, if requested by at least 2 members, call a meeting of Te Kawai Taumata, provided the meeting relates to a matter referred to in sub- clause (1)(a).
(2) The chairperson of Te Kawai Taumata must determine the date, time, and place of each meeting of Te Kawai Taumata and must give not less than 10 working days’ written notice to the members and alternate members of— 179 Schedule 8 Maori Fisheries Act 2004 Reprinted as at 1 April 2014 (a) (b) the date, time, and place of the meeting; and the agenda for the meeting.
(3) Notice need not be given under subclause (2)— (a) (b) to a member who for the time being is absent from New Zealand; or in respect of an adjourned meeting.

(4) If all members who are entitled to receive notice give their consent, the require- ment to notify a meeting may be waived.

(5) A member who is unable to participate in a meeting must notify that fact to— (a) (b) the chairperson; and the appropriate alternate member.
(6) An alternate member may only participate in a meeting if the member is unable to do so.
13 Meeting to remove director If the chairperson of Te Kawai Taumata (or the deputy chairperson when acting as the chairperson) calls a meeting under clause 12(1) for the purpose of re- moving a director of Te Ohu Kai Moana Trustee Limited,— (a) the director concerned must be given not less than 10 working days’ no- tice of the meeting and its purpose, and must be given a reasonable op- portunity to be heard; and (b) clause 17(4) does not apply.
14 Teleconference meetings (1) A meeting may be conducted by teleconference or by any means of communi- cation that allows each member or his or her alternate member to participate effectively in the proceedings.

(2) All the provisions in this schedule relating to the meetings of Te Kawai Tauma- ta apply to a meeting held in accordance with this clause.

15 (1) Conduct of meetings The chairperson of Te Kawai Taumata must preside at all meetings of Te Ka- wai Taumata.
(2) If the chairperson is not present— (a) (b) the deputy chairperson, if present, must preside; or if the deputy chairperson is not present, the members present must elect one of their number to preside.

(3) A record must be kept in the minute book of all decisions taken at every meet- ing, signed by the person presiding at the meeting.
(4) The signed minutes of the proceedings of a meeting are evidence— 180 Reprinted as at 1 April 2014 (a) (b) Maori Fisheries Act 2004 Schedule 8 of the proceedings; and unless the contrary is proved, that the meeting was properly convened and the proceedings were properly conducted.

16 Quorum (1) A quorum for a meeting of Te Kawai Taumata is not fewer than 6 members or alternate members present at the meeting and entitled to vote.
(2) No business may be transacted at a meeting of Te Kawai Taumata unless a quo- rum is present.

17 Voting to appoint or remove directors of Te Ohu Kai Moana Trustee Limited (1) Except as provided in subclause (3),— (a) (b) each member present has 1 vote; and each alternate member present on behalf of a member has 1 vote.
(2) All decisions relating to the appointment or removal of a director of Te Ohu Kai Moana Trustee Limited must be decided by a majority of the votes cast by the members or alternate members present and entitled to vote.

(3) Despite clause 11(2), in the case of an equality of votes, the chairperson or member presiding has a casting vote.
(4) A written resolution signed by all members is effective for all purposes as a resolution passed at a meeting of Te Kawai Taumata and may comprise more than 1 copy of the resolution, each signed by 1 or more of the members of Te Kawai Taumata.
18 Remuneration for members of Te Kawai Taumata Remuneration The members and alternate members of Te Kawai Taumata are entitled to re- ceive from Te Ohu Kai Moana Trustee Limited— (a) (b) remuneration for their attendance at meetings; and reimbursing allowances or actual and reasonable expenses incurred in undertaking the function of Te Kawai Taumata.
19 Administration The chairperson of Te Ohu Kai Moana Trustee Limited, after consultation with the chairperson of Te Kawai Taumata, must include in the annual plan of Te Ohu Kai Moana Trustee Limited a budget for the expenses of Te Kawai Tau- mata, including a budget for the provision of administrative services.
181 Schedule 9 Maori Fisheries Act 2004 Schedule 9 Consequential amendments Reprinted as at 1 April 2014 s 214 Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16) Amendment(s) incorporated in the Act(s).

Fisheries Act 1996 (1996 No 88) Amendment(s) incorporated in the Act(s).

Human Rights Amendment Act 2001 (2001 No 96) Amendment(s) incorporated in the Act(s).

Income Tax Act 1994 (1994 No 164) Amendment(s) incorporated in the Act(s).
Income Tax Act 2004 (2004 No 35) Amendment(s) incorporated in the Act(s).

Ministry of Agriculture and Fisheries (Restructuring) Act 1995 (1995 No 31) Amendment(s) incorporated in the Act(s).

Public Audit Act 2001 (2001 No 10) Amendment(s) incorporated in the Act(s).

Treaty of Waitangi (Fisheries Claims) Settlement Act 1992 (1992 No 121) Amendment(s) incorporated in the Act(s).
182 Reprinted as at 1 April 2014 Maori Fisheries Act 2004 Maori Fisheries Amendment Act 2006 Public Act 2006 No 78 Date of assent 12 December 2006 Commencement see section 2 1 2 9 (1) Title This Act is the Maori Fisheries Amendment Act 2006.

Commencement This Act comes into force on the day after the date on which it receives the Royal assent.
Validation Subsection (2) applies if, before the commencement of this Act,— (a) (b) Te Ohu Kai Moana Trustee Limited has applied under section 157 for the registration of a settlement quota interest; and the chief executive has registered a settlement quota interest against quo- ta shares under section 152A of the Fisheries Act 1996.
(2) An application or registration referred to in subsection (1) must be treated as having been made or effected in compliance with the reduced number of quota shares set out in section 7(1).

(3) Subsection (4) applies if, before the commencement of this Act, Te Ohu Kai Moana Trustee Limited has allocated and transferred quota shares for fish- stocks listed in section 7(1) in accordance with the reduced number of quota shares provided for by that subsection.
(4) Every allocation and transfer referred to in subsection (3) must be treated as if each complied with the requirements of the principal Act.

183 Notes Maori Fisheries Act 2004 Reprinted as at 1 April 2014 Reprints notes 1 2 General This is a reprint of the Maori Fisheries Act 2004 that incorporates all the amendments to that Act as at the date of the last amendment to it.
Legal status Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment.

Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act.

A printed version of the reprint produced directly from this official elec- tronic version also has official status.
3 Editorial and format changes Editorial and format changes to reprints are made using the powers under sec- tions 24 to 26 of the Legislation Act 2012.

See also http://www.pco.parlia- ment.govt.nz/editorial-conventions/.
4 Amendments incorporated in this reprint Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102): section 126 Criminal Procedure Act 2011 (2011 No 81): section 413 Maori Fisheries Amendment Act 2011 (2011 No 74) New Zealand Institute of Chartered Accountants Amendment Act 2010 (2010 No 74): section 10 Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 (2009 No 57): sec- tion 87 Maori Fisheries Amendment Act 2006 (2006 No 78) Evidence Act 2006 (2006 No 69): section 216 Wellington, New Zealand: Published under the authority of the New Zealand Government—2015 184