Listen Now: 
Iwi are being given the chance to increase their deepwater quota.
Te Ohu Kaimoana chair Matiu Rei says the Maori fisheries settlement trust helped pan-Maori fishing company Aotearoa Fisheries buy the deepwater quota holdings of Auckland-based Anton’s Seafoods, including the sought after Orange Roughy Area 1 quota.
In the trust’s annual report, he says the aim is for iwi to be able to purchase the Orange Roughy quota.
“Providing iwi the opportunity to participate in this fishery is fully compliant with our obligations, under the Maori Fisheries Act, to assist iwi in the activity of fishing,” Mr Rei says.
Te Ohu Kaimoana’s funding includes a put option, so after 12 months any of the quota not on-sold to iwi, will go to Aotearoa Fisheries and Sealord.
Copyright © 2014, UMA Broadcasting Ltd
RELATED NEWS
