December 23, 2015
Aquaculture settlement starts to flow
Some iwi have received an end of year boost from the latest aquaculture settlements, but those in the north have to wait a bit longer before they get their hands on the cash.
During the year the Maori fisheries settlement trust Te Ohu Kaimoana and iwi representatives reached agreement with the crown on how much Maori should get of the likely new space that will be opened up for aquaculture over the next 20 years.
Te Ohu Kaimoana chief executive Peter Douglas says agreements resulting in more than $75 million worth of aquaculture space or the equivalent in cash have been or could be signed.
Tasman iwi have received almost $12 million from the deal, and a partial allocation has been made to Auckland iwi of $6.9 million of the $8.04 million due.
But because Te Runanga o Ngati Kahu would not sign a collective agreement with the crown, the $5.4 million for the Northland region is now sitting with Te Ohu Kaimoana.
An attempt will be made in the new year to find some way to allocate it.
Marlborough iwi are still discussing how their $26 million settlement should be allocated.
Waikato East iwi are considering the mix of assets they will take up within a $15.56 million settlement.
Canterbury iwi have more than $4.4 million in assets to consider, while Southland iwi are considering $4 million in aquaculture space options.
There have been further aquaculture agreements between iwi and the Crown related to harbours and valued at around $1 million.
All mandated iwi have this week received their share of a $6.4 million dividend from Aotearoa Fisheries for the year ending 30 September 2015.
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