March 10, 2023
Bill to fillet Te Ohu Kaimoana
Submissions have been called on the long-delayed Māori Fisheries Amendment Bill, which will give iwi organisations and their asset-holding companies more direct control of Te Ohu Kai Moana and Aotearoa Fisheries Limited.
The bill implements recommendations which came out of a 10-year statutory review of Maori fisheries settlement entities.
It proposes to cancel Aotearoa Fisheries Limited voting shares and convert the income shares ordinary shares, which would be allocated to mandated iwi organisations.
The process for trading settlement quota assets and ordinary shares would be simplified.
There are also changes to governance arrangements to make the entities consistent with each other and with standard corporate governance practice.
Submissions to the Māori Affairs Select Committee close on April 13.