More assets in iwi hands first half of financial year
The first half of the 2007 financial year has proven to be as busy as last year. Te Ohu Kaimoana continues with the process of mandating iwi to transfer fisheries settlement assets and is on track to meet budget forecasts for the current financial year.
In the first six months of the 2007 financial year, a further six iwi were mandated and transferred the population component of their share of the fisheries settlement, an approximate value of $48 million.
Te Ohu Kaimoana is working with the remaining 16 iwi, yet to be mandated, to ensure they are in a position to take ownership of their assets as soon as possible. In a number of instances, the lack of action by these iwi, means neighbouring iwi that have achieved MIO status are not able to receive their full entitlements.
The annual general meetings of Te Ohu Kaimoana and Aotearoa Fisheries Limited were held on 2 February 2007 and marked the success both entities enjoyed in the 2006 financial year. A highlight of the meeting was the arrival of a large contingent from Ngati Kahungunu to support the appointment of their chairman, Ngahiwi Tomoana, to the board of directors of Te Ohu Kaimoana.
Rikirangi Gage of Te Whanau a Apanui was also welcomed onto the
board at the Hui a Tau.
For the first half of this financial year, Te Ohu Kaimoana is tracking favourably to meet its annual plan forecasts.
The organisation is working hard to achieve the challenging targets that were outlined in our annual plan and which will be reported on in our annual report at the end of the year. On top of the requirements to mandate the remaining iwi organisations and transfer the remaining assets held by Te Ohu Kaimoana, staff and management continue to deal with numerous fisheries management issues that have the potential to undermine the value of the settlement.
The shared fisheries workshop conducted by Te Ohu Kaimoana on 9 February 2007 was an opportunity to pool resources to prepare submissions against the shared fisheries initiative, which has been reported widely in this edition of Te Tai Pari. The workshop was an excellent forum for sharing ideas, developing strategies to oppose the initiative and ensure high quality submissions were presented to Government on the issue.
The process culminated with Te Ohu Kaimoana making a submission on the Shared Fisheries proposal to the Ministry of Fisheries, along with other Maori groups, iwi and Aotearoa Fisheries Limited.
In October and November, Te Ohu Kaimoana hosted a fisheries management and an aquaculture workshop respectively. Both workshops were held as part of Te Ohu Kaimoana's aim to ensure iwi are fully informed on issues relating to their settlement assets and how to get the most out of managing fisheries assets.
Both workshops were very well received, and further workshops have been scheduled for the second half of the financial year.
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IWI MANDATED AND ASSETS ALLOCATED THIS YEAR
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Iwi Organisation |
AFL Shares $000 |
Cash $000 |
Quota Shares $000 |
Total Assets $000 |
Ngati Wai |
1,537 |
141 |
726 |
2,404 |
Whakatohea |
3,774 |
346 |
1,783 |
5,903 |
Ngati Tuwharetoa |
12,779 |
1,170 |
6,040 |
19,989 |
Te Atiawa Te Tau Ihu |
733 |
67 |
347 |
1,147 |
Rangitane Te Tau Ihu |
469 |
43 |
222 |
734 |
Ngati Maniapoto |
11,521 |
1,055 |
5,445 |
18,021
|
Total |
30,813 |
2,822 |
14,563 |
48,198 |
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Tiakina ngā rawa hi ika, a tātou kaimoana mo ngā uri whakaheke
Protecting Māori fisheries assets for future generations