Post by Kiwi Frontline on Mar 26, 2019 16:36:09 GMT 12
SEALORD OFFERS IWI BETTER QUOTA PROFIT SHARE
Sealord Group has struck a deal with 36 iwi that represents a major change in how returns from the Māori fisheries settlement are shared.
Operation general manager Doug Paulin says instead of each year competing with other fishing companies to buy annual catch entitlement or ACE, it will get long term use of the deepwater quota held by the iwi.
In exchange the iwi will get 80 percent of the profits from the fish, rather than all the profit going back to the company, which is jointly owned by Māori and Japanese interests......