Hon Parekura Horomia
Minister for Maori Affairs
Associate Minister for Fisheries
13 October 2008 Media Statement
Agreement reached over aquaculture interests
An Agreement in Principle was signed today, between Maori Affairs Minister Parekura Horomia, Fisheries Minister Jim
Anderton, Treaty Negotiations Minister Michael Cullen, and leaders representing the iwi of Hauraki, Ngati Apa ki Te Ra
To, Ngati Koata, Ngati Kuia, Ngati Rarua, Ngai Tahu, Ngati Tama, Ngati Toa, Rangitane and Te Ati Awa (Te Tau Ihu), over
resolution of ‘pre-commencement’ (1992-2004) aquaculture interests in the South Island and the Coromandel.
The Agreement in Principle is for a one-off cash payment of $97 million in full and final settlement of the current
Crown obligations for “pre-commencement space” or aquaculture space that was approved between 21 September 1992 and 31
December 2004 under the previous marine farming regime.
This agreement in principle covers the vast majority of New Zealand’s aquaculture development areas including the
Marlborough Sounds, Tasman Bay, and Hauraki Gulf along with the rest of the South Island.
"Maori will benefit from the flow on effects from this agreement. Aquaculture is a growth industry and has great
potential for employment and investment opportunities for Maori. A cash settlement will provide iwi with the means to
get into the business of aquaculture or make the choice to invest elsewhere. A cash settlement gives that flexibility.”
With the signing of the Agreement in Principal parties will now work toward a Deed that will allow for legislation to be
introduced to Parliament next year.
More information on the Maori Commercial Aquaculture Settlement is available on the Ministry of Fisheries website at
this link: http://www.fish.govt.nz/en-nz/Maori/Details+of++Settlement/default.htm?WBCMODE=Presentati
ENDS