New Zealand Legislation: Acts

12 Functions and powers of mandated iwi organisations

• (1) Under this Act, a mandated iwi organisation must—

  • (a) act for the benefit of all the members of the iwi, irrespective of where those members reside; and

  • (b) perform the functions and duties conferred on it by or under this Act; and

  • (c) except as restricted by section 23(2), represent its iwi by voting at any meeting convened under—

    • (i) clause 1 or clause 6 of Schedule 8 to appoint or remove a member or alternate member of Te Kawai Taumata:

    • (ii) clause 1 of Schedule 8 to appoint a member of a committee of representatives; and

  • (d) ensure that it has 1 or more asset-holding companies that, in each case,—

    • (i) is wholly owned by the mandated iwi organisation; and

    • (ii) performs the functions and complies with the requirements set out in sections 16 to 18.

  (2) A mandated iwi organisation may—

  • (a) directly receive and hold, on behalf of its iwi, settlement assets allocated and grants made to that iwi by Te Ohu Kai Moana Trustee Limited, other than assets referred to in section 16(1)(c):

  • (b) receive distributions from Te Putea Whakatupu Trustee Limited and Te Wai Maori Trustee Limited, as provided for under subparts 4 and 5 of Part 2:

  • (c) if relevant, enter into agreements with other mandated iwi organisations in relation to—

    • (i) coastline claims under section 11:

    • (ii) the allocation of—

      • (A) harbour quota under section 143:

      • (B) freshwater quota under section 148:

  • (d) establish companies to undertake fishing and fisheries-related activities, including, but not limited to, any activity related to the seafood industry:

  • (e) perform other functions provided for by or under this Act.