New Zealand Acts

MAORI FISHERIES ACT 2004 - SECT 155

155 Outline of this Part

This Part provides for the following matters:

a) the registration under the Fisheries Act 1996 of a settlement quota interest against quota shares owned by asset-holding companies or subsidiaries of asset-holding companies; and

b) a general restriction on the transfer of settlement quota; and

c) the basis on which settlement quota may be disposed of; and

d) exceptions to the general constraint on disposal, including provisions for the exchange, of settlement quota; and

e) an option to purchase (right of first refusal), with a procedure for selling bundles of assets that include settlement quota; and

f) a power for Te Ohu Kai Moana Trustee Limited to make further rules for the sale or exchange of settlement quota.