Ngā Wairiki – Ngāti Apa Group fisheries quota Income from - TopicsExpress

Ngā Wairiki – Ngāti Apa Group fisheries quota Income from Ngā Wairiki – Ngāti Apa Group fisheries quota is set to double this year on the back of recent coastline agreements negotiated by the Rūnanga and increased hoki and orange roughie catch limits. Last year, November catch entitlement sales netted $56,000. This year the highest tender is $115,000. This is great news for hapū, as annual proceeds from fisheries settlement assets are distributed to hapū groups, and until now, the outlook had been bleak due to news that there would be no Aotearoa Fisheries Ltd dividend this year due to massive losses incurred by this large Iwi owned company, through its joint venture, Sealords. The timing of this turn-a-round in returns from our own fisheries quota is perfect for hapū.

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