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AGENDA

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  1. AGENDA Chair – Shane Jones 9.00am Mihimihi 10.00am Te Ohu Kai Moana Presentation of the Allocation Discussion Document- Intro & Overview - Key Considerations - Specific Issues - Description of Models - Benefit of all Maori - Process & Summary 12.00pm Discussion 1.00pm Lunch

  2. Introduction& Overview

  3. Te Ohu Kai Moana - Mission To facilitate the entry of Maori into, and the development by Maori of, the business and activity of fishing

  4. He Anga Mua - Overview Key ConsiderationsSpecific IssuesDescription of ModelsBenefit of all MaoriProcess & Summary

  5. What are the Assets? Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Deepwater Quota $14M, 4% DeepwaterQuota $124.3M, 39% Value of POSA Shares $290.3M, 86% Value of PRESA Shares $36.6M, 11% Cash $32.0M, 10% Cash $22.8M, 7% PRESA$320.3M POSA $336.1M

  6. Organisation Structure - Subsidiary Companies 100% 100% 100% 100% 100% Te OhuKai MoanaLimited Te WakaHuiaLimited ChathamProcessingLimited PacificMarine Farms1996 Limited Te WakaUnuaLimited 50% 83% 50% 100% PupuriTaonga MoanaPacificFisheriesLimited SealordGroupLimited PreparedFoodsLimited PreparedFoodsProcessingLimited PFL PFPL PRESA POSA

  7. Growth of Assets

  8. Key Considerations

  9. Consultation on Allocation and Related Issues

  10. Allocation Decisions Quota $23M Quota $251M Shares$290M Shares$37M Cash$23M Cash$32M Inshore$127M Deepwater$124M Inshore$9M Deepwater$14M Allocate Both Retain Allocate Both Retain Allocate Both Retain Allocate Both Retain Allocate Both Retain Allocate Both Retain Coast Combo Pop Coast VolumeofQuota Combo Pop Coast Combo Pop Coast Combo Pop Coast VolumeofQuota Combo Pop Coast Combo Pop Iwi IwiCo-op Trust Iwi IwiCo-op Trust Iwi IwiCo-op Trust Iwi IwiCo-op POSATrust Iwi IwiCo-op POSATrust Iwi IwiCo-op POSATrust PRESA ($320M) POSA ($336M) Part ofSettlement Categoryof Assets Sub-Categoryof Assets Transfer Capital or Dividends AllocationParameter Iwi and/orOther MaoriOrgs Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  11. Key Considerations • Nature of Settlement • Allocate / Retain or Both • Tikanga Maori • Economic and Social Considerations • Distribution to Iwi, or Iwi and other Maori Organisations • Other Specific Issues Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  12. Economies of Scale and Risk Management Iwi Readiness Ensuring that allocation is ultimately for the benefit of all Maori Allocate / Retain / Both Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSATrust | Entitlements | >>>

  13. Key Considerations • Nature of Settlement • Allocate / Retain or Both • Tikanga Maori • Economic and Social Considerations • Distribution to Iwi, or Iwi and other Maori Organisations • Other Specific Issues Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSATrust | Entitlements | >>>

  14. Specific Issues

  15. Specific Issues • Chatham Islands – Separate Fisheries • Commercial Freshwater Fisheries • Lease Rounds • Depletion of, and inability to access Fishstocks Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  16. Four Models

  17. Four Models Four proposals to Allocate PRESA & distribute the benefits of POSA As partial compensation for the loss of customary rights to marine & freshwater fisheries Putahi Mana Orite Tohatoha Pataka Three Potential Recipients Trust Iwi Co-op Iwi Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  18. Putahi Model Inshore Quota To Trust Inshore Quota $9M, 3% Inshore Quota To Iwi by Coastline Inshore Quota $127.4M, 40% Deepwater Quota To Trust Deepwater Quota $14M, 4% DeepwaterQuota To Iwi50% Coastline 50% Population DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% POSA Shares To Trust PRESA Shares To Iwi By Volume of Quota PRESA Shares $36.6M, 11% Cash $32.0M, 10% Cash To Iwi By Population Cash $22.8M, 7% Cash To Trust PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  19. Putahi Model – Iwi / Trust Iwi POSATrust PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  20. Pataka Model Inshore Quota To Trust Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Inshore Quota To Iwi by Coastline Deepwater Quota To Trust Deepwater Quota $14M, 4% DeepwaterQuota To Iwi50% Coastline 50% Population DeepwaterQuota $124.3M, 39% POSA Shares To Trust Value of POSA Shares $290.3M, 86% PRESA Shares To Iwi By Population PRESA Shares To Iwi By Volume of Quota Value of PRESA Shares $36.6M, 11% Cash To Iwi By Population Cash $32.0M, 10% Cash To Trust Cash $22.8M, 7% PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  21. Pataka Model – Iwi / Trust Iwi POSATrust Iwi Co-operative PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  22. Mana Orite Model Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Deepwater Quota $14M, 4% DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% Cash $32.0M, 10% Cash $22.8M, 7% PRESA$320.3M POSA $336.1M

  23. Mana Orite Model Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Deepwater Quota $14M, 4% DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% Cash $32.0M, 10% Cash $22.8M, 7% PRESA$320.3M POSA $336.1M

  24. Mana Orite Model Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Deepwater Quota $14M, 4% DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% Cash $32.0M, 10% Cash $22.8M, 7% PRESA$320.3M POSA $336.1M

  25. Mana Orite Model Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Deepwater Quota $14M, 4% DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% Cash $32.0M, 10% Cash $22.8M, 7% PRESA$320.3M POSA $336.1M

  26. Mana Orite Model Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Deepwater Quota $14M, 4% DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% Cash $68.6M PRESA$320.3M POSA $336.1M

  27. Mana Orite Model Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Inshore Quota To Iwi by Coastline Deepwater Quota $14M, 4% DeepwaterQuota To Iwi50% Coastline 50% Population DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% Cash $68.6M Cash To Iwi By Population PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  28. Mana Orite Model Inshore Quota To IwiBy Coastline Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Inshore Quota To Iwi By Coastline Deepwater Quota $14M, 4% Deepwater Quota To Trust DeepwaterQuota To Iwi50% Coastline 50% Population DeepwaterQuota $124.3M, 39% POSA Shares To Trust POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% PRESA Shares To Trust Cash $68.6M Cash To Iwi By Population PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  29. Mana Orite Model – Iwi / Trust Iwi POSATrust PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  30. Tohatoha Model Inshore Quota $9M, 3% Inshore Quota $127.4M, 40% Deepwater Quota $14M, 4% DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares $36.6M, 11% Cash $32.0M, 10% Cash $22.8M, 7% PRESA$320.3M POSA $336.1M Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  31. Tohatoha Model Inshore Quota $9M, 3% Inshore Quota To Iwi by Coastline Inshore Quota $127.4M, 40% Inshore Quota To Iwi by Coastline Deepwater Quota $14M, 4% DeepwaterQuota To Iwi50% Coastline 50% Population DeepwaterQuota To Iwi50% Coastline 50% Population DeepwaterQuota $124.3M, 39% POSA Shares $290.3M, 86% PRESA Shares To Iwi By Population POSA Shares To Iwi By Population PRESA Shares $36.6M, 11% Cash To Iwi By Population Cash $22.0M,7% Cash $32.0M, 10% Cash $22.0M, 7% Cash To Iwi By Population Cash $12.8M, 4% Cash $22.8M – 7% Cash $22.8M, 7% Development Putea $10M, 3% Development Putea $10M, 3% PRESA$320.3M POSA $336.1M

  32. Tohatoha Model – Iwi / Development Putea Iwi DevelopmentPutea PRESA$320.3M POSA $336.1M

  33. To Whom the Assets Go

  34. How the Assets are Allocated

  35. Benefit of All Maori

  36. Measures for Overall Benefit: • Representation and Structures • Registers and Maori Registration Service • Ongoing Performance • Ongoing Ownership of Quota by Maori Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  37. Ongoing Ownership of Quota by Maori: • Options • Prevent any sale • Allow sale to Iwi only • Condition on sale that allows 1st offer by Post Allocation Commission • Whenever an Iwi wishes to alienate quota, it will be required to: • gain approval from > 75% of participants at a Hui-a-Iwi; • undertake transparent tender process; • provide Post Allocation Commission with 30 working days to match the successful tenderer’s price • This means that Iwi receive commercial prices and Maori can retain ownership of key assets Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  38. Post Allocation Commission (PAC) Iwi Organisations? Urban / pan-Maoriorganisations? Electoral College Post AllocationCommission Crown? • What should be the functions of PAC • How should it be appointed Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  39. Process & Summary

  40. He Anga Mua - Schedule Kaitaia WhakataneRotorua Auckland Hamilton Gisborne Napier Hawera Nelson Wellington ChathamIslands Christchurch Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  41. Consultation • Release of Discussion Document, 1 December • Regional Information Hui, 3-16 December • Period for Iwi to consider proposals • Consultation Hui, February 2002 • Submissions close 15 March 2002, 5.00pm Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  42. Next Steps • Analysis of submissions • Final proposals on allocation of PRESA and proposals for distribution of POSA benefits • Agreement sought • Final decisions • Report to Minister Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  43. Information on Website www.tokm.co.nz • Allocation Consultation Documents • On-line Submission Form Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  44. Te Putahi Te Pataka Te Mana Orite Te Tohatoha Separate Fishery | Statutory Directions | IS/DW | DW Variations | POSA Trust | Entitlements | >>>

  45. Separate Fishery for Allocation Chatham Islands Treated as a ‘separate fishery’ Te Putahi Te Pataka Te Mana Orite Te Tohatoha

  46. Statutory Directions PRESA ($M) allocate the assets to Iwi POSA ($M) distribute the benefits of the Settlement “through Iwi” Te Putahi Te Pataka Te Mana Orite Te Tohatoha

  47. Inshore & Deepwater 300 metre depth Continental Shelf Fishstocks are classified as: Inshore -less than 300m Deepwater - greater than 300m Te Putahi Te Pataka Te Mana Orite Te Tohatoha

  48. Freshwater Fisheries – How Recognised? DeepwaterQuota To Iwi50% Coastline 50% Population? DeepwaterQuota To Iwi50% Coastline? 50% Population? PRESA Shares To Iwi By Population? POSA Shares To Iwi By Population? Cash To Iwi By Population? Cash $22.0M, 7% Cash To Iwi By Population? PRESA$320.3M POSA $336.1M • Allocation of Commercial Freshwater Quota • Greater weighting to population in other formulas To iwi by population in QMA