New Zealand Acts

MAORI FISHERIES ACT 2004 - SCHEDULE 1AA

SCHEDULE 1AA – Transitional, savings, and related provisions

s 6A

History: Schedule 1AA: inserted, on 27 July 2024, by section 96 of the Māori Fisheries Amendment Act 2024 (2024 No 27).

1 - Provision relating to Māori Fisheries Amendment Act 2024 and that come into force on day after Royal assent

History: Schedule 1AA Part 1: inserted, on 27 July 2024, by section 96 of the Māori Fisheries Amendment Act 2024 (2024 No 27).

1 Aotearoa Fisheries Limited issue of income shares to Te Ohu Kai Moana Trustee Limited

1 Within 6 months starting on the date of Royal assent of the Māori Fisheries Amendment Act 2024 , Te Ohu Kai Moana Trustee Limited must exercise a put option to sell to Aotearoa Fisheries Limited redeemable preference shares—

a) in Aotearoa Fisheries Limited; and

b) held by Te Ohu Kai Moana Trustee Limited.

2 As soon as is reasonably practicable after, and in satisfaction of, the exercise of the put option, Aotearoa Fisheries Limited must issue income shares in Aotearoa Fisheries Limited to Te Ohu Kai Moana Trustee Limited.

3 Income shares issued to Te Ohu Kai Moana Trustee Limited under this clause are subject to the following (when in force):

a) clause 2 (shares in Aotearoa Fisheries Limited):

b) clause 3 (allocation and transfer of shares held by Te Ohu Kai Moana Trustee Limited).

History: Schedule 1AA clause 1: inserted, on 27 July 2024, by section 96 of the Māori Fisheries Amendment Act 2024 (2024 No 27).