New Zealand Legislation: Acts

3 Purposes

• (1) The purposes of this Act are to—

  • (a) implement the agreements made in the Deed of Settlement dated 23 September 1992; and

  • (b) provide for the development of the collective and individual interests of iwi in fisheries, fishing, and fisheries-related activities in a manner that is ultimately for the benefit of all Maori.

  (2) To achieve the purposes of this Act, provision is made to establish a framework for the allocation and management of settlement assets through—

  • (a) the allocation and transfer of specified settlement assets to iwi as provided for by or under this Act; and

  • (b) the central management of the remainder of those settlement assets.