Introduced on Aug 6, 2020. The Bill seeks to improve the allocation and transfer process provided in the Maori Commercial Aquaculture Claims Settlement Act 2004. It follows some iwi facing indefinite delays in receiving their aquaculture settlement assets from the trustee, Te Ohu Kai Moana Trustee Limited, due to the inability of iwi in those regions to reach agreement about how regional aquaculture settlement assets should be allocated among. The Bill provides Te Ohu Kaimoana with a limited discretionary power to allocate and transfer aquaculture settlement assets to iwi. First reading on Dec 9 with the support of all parties and referred to the Māori Affairs Committee. Reported back from select committee on June 4 with only minor amendments. Second reading on Aug 10 supported by all parties. Committee stage completed on March 17 with little debate. Third reading completed on April 7 with all parties in agreement.
Maori Commercial Aquaculture Claims Settlement Amendment Bill