NGĀ IWI - TRIBES

What do iwi receive?

Each iwi will receive a minimum asset package of $1 million.

Iwi recognised in Schedule 3 of the Māori Fisheries Act 2004 will receive a mix of:

  • quota
  • income shares in Aotearoa Fisheries Limited
  • cash.

The two key factors in calculating how much each iwi will receive are:

  • the length of their coastline
  • the size of their population relative to the total
    Māori population as per the Māori Fisheries Act 2004 (see Schedule 3)

The iwi likely to receive the largest asset packages are those with long coastlines and high populations. They are Ngāi Tahu, Ngāti Kahungunu, Ngāpuhi, Ngāti Porou, Chathams iwi (Moriori and Ngāti Mutunga), and Waikato.

The pie graph below offers an overview of how all the assets derived from the 1992 Māori fisheries settlement will be divided up.


Click here to view larger graph.

Below is a brief description of how the allocation formula works.

Quota

Inshore quota
All inshore quota for all iwi will be distributed in proportion to each iwi’s agreed coastline.

Deepwater quota
25 percent of deepwater quota will be distributed in proportion to each iwi’s agreed coastline.

75 percent of deepwater quota will be distributed in proportion to each iwi’s population.

An exception – the Chatham Islands
A special 200-nautical-mile zone has been created around the Chatham Islands for the purposes of the Māori Fisheries Act. Fifty percent of deepwater quota within that zone will be transferred to the two Chatham Islands iwi, in proportion to their agreed coastlines. The other 50 percent will be distributed amongst all iwi in proportion to each iwi’s population.

Income shares in Aotearoa Fisheries Limited
All iwi will be allocated income shares in Aotearoa Fisheries Limited (AFL) in proportion to each iwi’s population.

Iwi will eventually receive annual dividends from AFL based on the income shares they hold. AFL is required to pay at least 40 percent of its net profit after tax to its shareholders.

Between them, iwi will hold 80 percent of AFL’s income shares. Te Ohu Kaimoana will hold the remaining 20 percent.

Cash
Cash will be allocated in proportion to each iwi’s population.

In addition to this, some iwi will receive a ‘top-up’ of cash. This will ensure that every iwi receives an asset package from the settlement to the value of at least $1 million. (See Part 3, section 150 of the Māori Fisheries Act 2004)