Maori Commercial Aquaculture Claims Settlement Act 2004

35 Purpose of trust

• The purpose of the trust is to—

  • (a) receive settlement assets from the Crown or regional councils; and

  • (b) hold and maintain settlement assets on trust until they are transferred to an iwi aquaculture organisation; and

  • (c) allocate settlement assets to iwi on the basis of a model set out in this Act; and

  • (d) facilitate steps by iwi to meet the requirements for the allocation of settlement assets; and

  • (e) perform any functions that are necessary or desirable to facilitate consultation between the Crown and iwi aquaculture organisations, mandated iwi organisations, and recognised iwi organisations for the purposes of sections 8 to 18.

  Section 35(d): amended, on 1 October 2011, by section 13(1) of the Maori Commercial Aquaculture Claims Settlement Amendment Act 2011 (2011 No 69).

  Section 35(e): added, on 1 October 2011, by section 13(2) of the Maori Commercial Aquaculture Claims Settlement Amendment Act 2011 (2011 No 69).