max
°
min
°
Location:
COLOR-Waatea logo 2016-final

On Air Now
Radio Waatea

09:00am - 11:00am
Ed Sheeran

Sealord offers iwi better quota profit share

Share to Email
Share to RSS
Share to Print

More Stories

Sealord Group has struck a deal with 36 iwi that represents a major change in how returns from the Māori fisheries settlement are shared.

Operation general manager Doug Paulin says instead of each year competing with other fishing companies to buy annual catch entitlement or ACE, it will get long term use of the deepwater quota held by the iwi.

In exchange the iwi will get 80 percent of the profits from the fish, rather than all the profit going back to the company, which is jointly owned by Māori and Japanese interests.

"What we are able to do is group all that quota on our large fishing vessels so the cost of catch is much smaller than they can do that if they were to catch it themselves, so therefore they get a much higher profit from the sale of that fish," Mr Paulin says.

He says the Ngā Tapuwae o Maui agreement gives iwi the ability to work together collectively, as was the intention of the Māori fisheries settlements.

The agreement will be signed in Auckland this evening on the eve of Te Ohu Kaimoana’s annual conference.

 

Copyright © 2019, UMA Broadcasting Ltd: www.waateanews.com

MUMA2

matariki x
E-Tangata-11082019
LETSLEARN-86
 
Tracey Martin finally talks the talk & why Kelvin Davis must not resign from Corrections
Martyn 'Bomber' Bradbury: Two major events occurred last week that require comment.
Ihumātao | He Raupatu Tuarua | A Second Confiscation
Dr Rawiri Taonui; This column investigates how the proposed Fletcher Residential development at Ihumātao, the National government’s Special Housing Area policy and the preoccupation of the Auckland Council, the courts and statutory bodies on preserving Māori culture as an icon of the past rather than restoring the living relationship between Māori and their whenua constitutes a second confiscation
TVNZ Journalist blames Māori, not Oranga Tamariki.
OPINION - Martyn 'Bomber' Bradbury: TVNZ Journalist Jehan Casinader, has written a remarkably shallow evaluation of the corrosive Orange Tamariki child uplift programme and has bewilderingly concluded the problem is Māori, not the policy.
0
TMP2
           

Submit

Glossary

 

Subscribe

Enter your email address to receive regular updates from Waatea News.
  • fb

On Air Now
Radio Waatea

09:00am - 11:00am