FIFTH SCHEDULE MANDATED IWI ORGANISATION AND IWI AQUACULTURE ORGANISATION PURPOSES Incidental purposes: Incidental to, and to give effect to the purposes in clause 2.5 the Trustees shall: Directly receive and hold, on behalf of Apa ki te on the trusts set out in clause Ngāti Rā Tō 2.5, future settlement assets allocated and grants made to Apa ki te by Te Ohu Ngāti Rā Tō Kai Moana Trustee Limited, other than assets referred to in section 16(1)(c) of the Māori Fisheries Act, which other assets are to be transferred to a Fisheries Asset Holding Company; Receive distributions from Te Putea Whakatupu Trustee Limited and Te Wai Trustee Māori Limited, as provided for under subparts 4 and 5 of Part 2 of the Fisheries Act and to Māori hold those distributions on the trusts set out in clause 2.5 or on such other trusts as are required in order to ensure that a distribution to the Trustees by either of those companies would be within the purposes for which those companies hold their funds and make those distributions but not in a manner that could adversely affect the charitable status of any charitable trust/s that the Trustees have settled; If relevant, enter into agreements with other Mandated Iwi Organisations in relation to: Coastline claims under section 11 of the Fisheries Act; Māori The allocation of Harbour quota under section 143 of the Fisheries Act; and Māori Freshwater quota under section 148 of the Fisheries Act; Māori Establish separate companies to undertake fishing and fisheries-related activities, including, but not limited to, any activity related to the seafood industry, including, for the avoidance of doubt, a Fishing Enterprise, and to hold the shares in those companies and any distributions or other benefits resulting from them on the trusts in clause 2.5; Establish one or more Fisheries Asset Holding Companies that, in each case: Is wholly owned by the Trustees; Is separate to the companies referred to in sub-paragraph (d); Performs the function and complies with the requirements set out in sections 16 to 18 of the Fisheries Act; and Māori Performs any other function, but not if doing so would be inconsistent with sections 16 to 18 of the Fisheries Act; Māori and to hold the shares in those companies and any distributions or other benefits resulting from them on the trusts in clause 2.5; Perform the functions provided for, by or under the Fisheries Act in respect of a Māori Mandated Iwi Organisation, in a manner consistent with the Fisheries Act; Māori
FIFTH SCHEDULE MANDATED IWI ORGANISATION AND IWI AQUACULTURE ORGANISATION PURPOSES Incidental purposes: Incidental to, and to give effect to the purposes in clause 2.5 the Trustees shall: Directly receive and hold, on behalf of Ngāti Apa ki te Rā Tō on the trusts set out in clause 2.5, future settlement assets allocated and grants made to Ngāti Apa ki te Rā Tō by Te Ohu Kai Moana Trustee Limited, other than assets referred to in section 16(1)(c) of the Māori Fisheries Act, which other assets are to be transferred to a Fisheries Asset Holding Company; Receive distributions from Te Putea Whakatupu Trustee Limited and Te Wai Māori Trustee Limited, as provided for under subparts 4 and 5 of Part 2 of the Māori Fisheries Act and to hold those distributions on the trusts set out in clause 2.5 or on such other trusts as are required in order to ensure that a distribution to the Trustees by either of those companies would be within the purposes for which those companies hold their funds and make those distributions but not in a manner that could adversely affect the charitable status of any charitable trust/s that the Trustees have settled; If relevant, enter into agreements with other Mandated Iwi Organisations in relation to: Coastline claims under section 11 of the Māori Fisheries Act; The allocation of Harbour quota under section 143 of the Māori Fisheries Act; and Freshwater quota under section 148 of the Māori Fisheries Act; Establish separate companies to undertake fishing and fisheries-related activities, including, but not limited to, any activity related to the seafood industry, including, for the avoidance of doubt, a Fishing Enterprise, and to hold the shares in those companies and any distributions or other benefits resulting from them on the trusts in clause 2.5; Establish one or more Fisheries Asset Holding Companies that, in each case: Is wholly owned by the Trustees; Is separate to the companies referred to in sub-paragraph (d); Performs the function and complies with the requirements set out in sections 16 to 18 of the Māori Fisheries Act; and Performs any other function, but not if doing so would be inconsistent with sections 16 to 18 of the Māori Fisheries Act; and to hold the shares in those companies and any distributions or other benefits resulting from them on the trusts in clause 2.5; Perform the functions provided for, by or under the Māori Fisheries Act in respect of a Mandated Iwi Organisation, in a manner consistent with the Māori Fisheries Act;