New Zealand Acts

MAORI FISHERIES ACT 2004 - SECT 92

92 Establishment of Te Wai Maori Trust

1 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 No rule of law or provisions of an Act limiting the duration of a trust, including section 16 of the Trusts Act 2019 , —

a) prescribe or restrict the period during which Te Wai Maori Trust may exist in law; or

b) 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.

History: Section 92(2): amended, on 30 January 2021, by section 161 of the Trusts Act 2019 (2019 No 38).