New Zealand Acts

MAORI FISHERIES ACT 2004 - SECT 35

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) foster, promote, commission, or fund research into the sustainable management of fisheries:

b) in relation to fisheries, fishing, and fisheries-related activities, act to protect and enhance the interests of iwi and Maori in those activities:

c) in relation to other activities, so long as the nature of the business activities 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 related to the seafood industry:

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:

d) 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) :

e) 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:

f) perform the functions of the voting shareholder of Aotearoa Fisheries Limited:

g) apply the funds of the trust by way of payments to—

i) mandated iwi organisations:

ii) 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) mandated iwi organisations:

ii) individual Maori and groups of Maori:

i) maintain reserve funds to the extent that it considers prudent:

j) perform any other functions permitted by or under this Act or any other enactment.

2 Te Ohu Kai Moana Trustee Limited must not undertake fishing or hold a fishing permit.

3 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 undertake to further the purpose of Te Ohu Kai Moana.