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Maori fisheries stakeholders are considering how the quota management system is working and whether it needs change.
More than 300 delegate from iwi and industry are at the annual Maori Fisheries Conference in Auckland.
Chief executive Dion Tuuta says the theme for the day is Tangaroa a Mua, the future of Maori fisheries.
He says the original $150 million settlement almost 30 years ago has grown to an almost $1 billion Maori involvement in the fishing industry.
The introduction of the quota management system created the opportunity for the settlement, and came at a time many of New Zealand’s inshore fisheries were at risk of collapse because of over-fishing.
"It does have critics and there are certainly elements of it that can be improved but the quota management system which was brought in in the 1980s actually halted the wholesale exploitation of New Zealand's inshore fisheries and it placed real clear rules and strict limits on what can be taken out so the vast majority of fish is left in the ocean these days so it can regenerate and continue to sustain us for the future," Mr Tuuta says.
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