Media release
Ngati Hauiti receives fisheries assets
30 March 2006| Download as PDF - 208kb
Inland iwi Ngati Hauiti will receive all of its Maori Fisheries settlement assets, after completing the requirements of the Maori Fisheries Act and the Maori Fisheries Trust.
Ngati Hauiti has reached Mandated Iwi Organisation (MIO) status, enabling it to receive its assets amounting to approximately $1 million.
The Maori Fisheries Trust, Te Ohu Kaimoana, congratulated Ngati Hauiti on its achievement in implementing the management structure, constitution and register of members that are all required under the Maori Fisheries Act.
‘Ngati Hauiti is to be commended for all its hard work,’ Maori Fisheries Trust CEO Peter Douglas said. ‘The process to become an MIO involves a lot of groundwork by iwi in reaching consensus and meeting the requirements of the Act.’
Ngati Hauiti will receive all of its deepwater quota, shares in Aotearoa Fisheries Limited and cash.