Tapuika Iwi Authority
Tapuika Iwi Authority Trust is the Post Settlement Governance Entity (PSGE) for the Tapuika settlement achieved in June 2014 under the Tapuika Claims Settlement Act 2014. The role of the Tapuika Iwi Authority is to:
Receive, hold and manage the settlement assets on behalf of the descendants of Tapuika.
Report to Tapuika tribal members at the Annual General meeting on developments in relation to the management of Tapuika settlement assets and future plans.
Form strategic relationships and initiatives with the Crown, its agencies and the private sector to meet the needs of Tapuika tribal members.
Representation on the statutory Te Maru o Kaituna River Authority as set out in the Tapuika Claims Settlement Act 2014.
Tapuika Iwi Authority and Tapuika Oranga Ake have the same trustees and operational staff and are run in parallel.
Tapuika Oranga Ake
Tapuika Oranga Ake Trust (previously Tapuika Fisheries Trust) is the Mandated Iwi Organization (MIO) and Iwi Aquaculture Organization (IAO) under the Maori Fisheries Act 2004. This means that the Tapuika fisheries settlement assets (being income shares in Aotearoa Fisheries Ltd and fisheries settlement quota) are held by Tapuika Oranga Ake Trust. These assets were transferred out from Te Arawa Fisheries where we were initially part of the collective.
In addition, the Maori Commercial Aquaculture Claims Settlement Act 2004 provides Iwi Aquaculture Organizations with 20% of all new aquaculture space created from 1 January 2005. The settlement also provides iwi with the equivalent of 20% of existing aquaculture space (called “pre-commencement space”) created between 21 September 1992 and 31 December 2004.
Tapuika Oranga Ake is the Charitable arm of the Tapuika Group. Tapuika Oranga Ake and Tapuika Iwi Authority have the same trustees and operational staff and are run in parallel.
Tapuika Holdings Limited
The fisheries assets are held by Tapuika Holdings Limited which sits under the MIO and has a separate board of directors.
Tapuika Holdings Ltd (THL) is a subsidiary of the Tapuika Fisheries Trust and is the Asset Holding Company (ACE) required under the Maori fisheries Act 2004 to manage and hold Tapuika Iwi settlement quota and Moana Pacific (Aotearoa Fisheries Ltd) income shares. Each year THL will receive their share of the annual catch entitlement (ACE) which can be on sold in the market.
THL intends to join a collective of ACE to maximise the return in commercial fisheries once the transfer of fisheries assets from Te Kotahitanga o Te Arawa is completed this year.