(1) When the trustee receives settlement assets under this Act, it must record the settlement assets in the iwi aquaculture register.
(2) Any settlement assets in an aquaculture management area in a harbour listed in Schedule 2 must be recorded as harbour settlement assets.
(3) All other settlement assets must be recorded as coastal settlement assets.
(4) Information recorded in the register under this section must include the type of asset, the size of the asset, the location of the asset, and the region of the regional council in which the asset is located.