The Trust was established in 2010 by Iwi members as the Mandated Iwi Organisation (MIO), under the Māori Fisheries Act 2004 (the Act), for Raukawa ki te Tonga in respect of fisheries matters. Our fisheries assets were received in settlement with the Crown of Ngāti Raukawa’s commercial fisheries claim. Those assets were transferred to the Trust in 2010 by Te Ohu Kaimoana (TOKM) – the body responsible for allocation.
Our fisheries assets were:
Population based assets transferred:
- Quota share value $3.47 million
- Cash $949,000
- Shares in Moana New Zealand (formerly known as Aotearoa Fisheries Limited) $9.1 million
There is coastline based assets still sitting with TOKM that are yet to be transferred to us. We need to agree with neighbouring iwi as to how the coastline assets are divided.
The purpose of the Trust is to hold, manage and administer the Settlement Assets for the benefit Raukawa ki te Tonga through the expression of kaupapa tuku iho.
Click here for information on how the Trust benefits Raukawa ki te Tonga.
Click here for information on kaupapa tuku iho.
A requirement of the Act was that each MIO establish a Asset Holding Company (AHC) and that the Settlement Assets be transferred to to the AHC to hold and manage on behalf of the MIO. See below for more detail on the AHC.
Further information on the establishment of the Trust as the MIO is provided in the Background section.