Maori Commercial Aquaculture Claims Settlement Amendment Act 2022

1: Title
This Act is the Maori Commercial Aquaculture Claims Settlement Amendment Act 2022.
2: Commencement
This Act comes into force on the day after the date on which it receives the Royal assent.
3: Principal Act
This Act amends the Maori Commercial Aquaculture Claims Settlement Act 2004 principal Act 2022-04-12 Maori Commercial Aquaculture Claims Settlement Act 2004
4: Section 4 amended (Interpretation)
In section 4 relevant iwi
5: Section 45 amended (Allocation of assets to iwi of region)
In section 45(3) by the trustee , except in circumstances where the trustee exercises the discretion under section 49B
6: Section 48 amended (Allocation of settlement assets)
1: Replace section 48(2)﻿(b)
b: failing that agreement,—
i: a determination under sections 52 to 55; or
ii: an exercise of the trustee’s discretion under section 49B
2: In section 48(3) agreement or determination agreement, determination, or exercise of discretion
7: Section 49 replaced (Partial allocation of settlement assets)
Replace section 49
49: Partial allocation of settlement assets
1: An iwi aquaculture organisation may request the trustee to make a partial allocation of settlement assets if—
a: the iwi’s allocation entitlement for the settlement assets has been determined, but the entitlement of 1 or more other iwi to the settlement assets is yet to be determined; or
b: the iwi’s allocation entitlement to a portion, but not all, of the settlement assets has been determined; or
c: the trustee has earlier made an allocation and transfer under section 49B(1)
2: The trustee may make a partial allocation of settlement assets only in accordance with—
a: an agreement of the iwi aquaculture organisations of all the relevant iwi; or
b: failing that agreement,—
i: a determination under sections 52 to 55; or
ii: an exercise of the trustee’s discretion under section 49B
3: If the trustee makes a partial allocation of settlement assets under this section, the trustee—
a: must transfer settlement assets to any iwi aquaculture organisation—
i: whose entitlement to the assets has been determined; or
ii: in respect of which the trustee’s discretion has been exercised in accordance with section 49B
b: must not transfer settlement assets in respect of which the conditions set out in paragraph (a)﻿(i) or (ii)
4: However, subsection (3) does not prevent the trustee from transferring a settlement asset in accordance with section 50.
5: A partial allocation under subsection (2) must specify the relevant iwi aquaculture organisations with respect to the residual assets.
49A: Circumstances in which trustee has discretion to allocate and transfer assets
The discretion provided to the trustee in section 49B
a: when the period specified in section 45(4A)—
i: has expired at least 12 months earlier; or
ii: has not commenced because—
A: the trustee has not recognised an iwi aquaculture organisation for 1 or more iwi of the region; and
B: 24 months have passed since the first of the settlement assets for the region was allocated to the trustee; and
b: if any iwi aquaculture organisation does not hold the registered settlement assets allocation entitlements—
i: that are determined and registered under section 31, as referred to in section 45(2)﻿(b); or
ii: that are determined in accordance with section 49B section 48(2)﻿(b)﻿(ii)
iii: that are determined in accordance with sections 52 to 55, as referred to in section 49(2)﻿(b)﻿(i)
iv: by the agreement of the iwi aquaculture organisations of all the relevant iwi in respect of the allocation of the settlement assets.
49B: Discretion to allocate and transfer assets
1: In the circumstances specified in section 49A
2: However, a transfer of settlement assets under subsection (1) must be made in proportion to the length of coastline of the relevant iwi who agree on a partial allocation and that the trustee is satisfied is unlikely to be disputed.
3: This section overrides anything to the contrary in sections 44 to 49.
49C: Limitations applying if iwi aquaculture organisation receives settlement assets under section 49B
1: An iwi aquaculture organisation, or a new organisation recognised in place of that organisation under section 33(2), to which settlement assets in the form of authorisations or coastal permits are transferred under section 49B
a: must not sell, exchange, or otherwise transfer the assets until it holds registered settlement assets allocation entitlements for the assets; and
b: must transfer the relevant portion of those assets to another iwi aquaculture organisation that becomes entitled to any portion of the assets, as a result of holding a registered settlement assets allocation entitlement,—
i: without consideration or compensation; and
ii: within 12 months after being notified of the entitlement.
2: This section applies in addition to, and does not limit, section 50.
49D: Notification of determination to allocate and transfer assets under section 49B
When the trustee has determined to allocate and transfer assets in accordance with section 49B
a: the nature of the determination that has been made; and
b: the principal reasons for the determination; and
c: the right to dispute the determination under section 49E
49E: Implementation of determination
1: The trustee must not implement a determination made under section 49B
a: 30 working days have passed since notice of the determination was given under section 49D
b: within that time, no iwi aquaculture organisation of a relevant iwi or recognised iwi organisation (for a relevant iwi that does not have an iwi aquaculture organisation) has initiated the dispute resolution process under sections 53 to 55.
2: A dispute under section 52(ca)
a: the trustee; and
b: the iwi aquaculture organisations of all relevant iwi; and
c: the recognised iwi organisation of a relevant iwi that does not have an iwi aquaculture organisation.
3: Despite subsection (1), the trustee may implement a determination under section 49B
a: to the extent that it can be implemented without depriving an iwi aquaculture organisation of a relevant iwi or recognised iwi organisation (for a relevant iwi that does not have an iwi aquaculture organisation) that disputes the determination of the benefit of the dispute resolution process under sections 53 to 55 or any remedy available under the process; or
b: if the iwi aquaculture organisation of each relevant iwi or each recognised iwi organisation (for relevant iwi that do not have an iwi aquaculture organisation) notifies the trustee in writing within the period referred to in subsection (1)﻿(a) that the organisation does not intend to invoke the dispute resolution process.
4: A waiver notified in accordance with subsection (3)﻿(b) is binding on the iwi aquaculture organisation or recognised iwi organisation that issues it.
8: Section 52 amended (Application)
After section 52(c)
ca: between the trustee and 1 or more iwi aquaculture organisations or a recognised iwi organisation (for a relevant iwi that does not have an iwi aquaculture organisation) over an exercise of the trustee’s discretion under section 49B section 49