Fisheries Assets
In 2010 Ngāti Raukawa ki te Tonga received the agreed settlement quota resulting from the Maori Fisheries Act 2004. At this time, the Raukawa ki te Tonga Charitable Trust was established as the mandated Iwi Organisation (MIO), the governance entity for the iwi for fisheries settlement purposes.
The Asset Holding Company (AHC) was also established to receive and hold fisheries settlement assets including quota and income shares in Aotearoa Fisheries Limited. Since that time, the AHC has purchased additional non-settlement quota, with a current market value of over $5.0 million.
As at 30 September 2020, the AHC's fisheries assets represent approximately 62 per cent of the total portfolio based on Fisheries Quota valued at $8,525,644 and ALF Shares valued at cost of $8,959,631.