Annual Report - raukawakitetonga.maori.nz

Annual Report

October 2013 – September 2014

AGM March 2015

www.raukawakitetonga.maori.nz

1

HE MIHI

Tēnā tātou katoa i ngā tini āhuatanga o te wā, erangi rawa ko ērā nō
te ringa kaha o Aitua. Kua nuku atu ēnei i te ao matemate nei kia moe
mai rātou ki roto ki ngā ringaringa o Te Runga Rawa.
He kōrero ēnei mō ngā mahi a Raukawa ki te Tonga Trust rāua ko tana
rōpū āwhina ko Raukawa ki te Tonga AHC Ltd.
This is the Fourth Annual Report presented to members by the
Raukawa ki te Tonga Trustees and the Directors of the Asset Holding
Company. The work over the past year has been consolidated by the
experience and contribution of trustees who have been in place for
three years providing stability for the Trust. At the end of the period
two trustees decided not to seek re-election when the cycle of
elections emerged and they stood down. Bernadette Arapere made
a significant contribution to the work of the Trust in its first three
years as Deputy Chair and as a valued trustee. Fiona Wilson also stood
down after serving a full term providing her expertise as a trustee to
members. I thank them both on behalf of our members. They were
replaced in September 2014 by two new members, Jerald Twomey
and Dan Arapere who were elected unopposed alongside the current
Chair who also stood for re-election.
As one of the last iwi to establish a Mandated Iwi Organisation, we
are learning from the experiences of others while also continuing
to complete the requirements to successfully negotiate the in-shore
fishery allocations on the coast. This is an ongoing challenge for 2015.
The greatest challenge is still to grow our membership. We could
double our membership if we could persuade members that there is
value in registration. We need support of the iwi to do this.
This report is presented in a similar format to previous reports so that
the historical record can be followed. Membership is of considerable
importance to us and we continue to report on this. We have been
pleased to have the opportunity to distribute funds and fish to hapū
and iwi during this year.
The current review of Te Ohu Kaimoana is also of interest to all iwi and
we await the outcome by the reviewer in the next year.
We are encouraged by the support of members and your ongoing
interest in the work of the Trust.
Ngā mihi ki a koutou katoa
Nā

Rachael Selby
Chair, Raukawa ki te Tonga Trust
January 2015

2 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

CONTENTS

HE MIHI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
CONTENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Raukawa Ki Te Tonga Trustees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
RAUKAWA KI TE TONGA AHC LTD Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
RAUKAWA KI TE TONGA TRUST STRUCTURE 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
REGISTRATION OF MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

COMMUNICATION WITH MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
MembersHIP STATISTICS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
STRATEGIC PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

PURPOSE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
MISSION STATEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
KAUPAPA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
KAUPAPA AND HIAHIA 2015-2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
DISPUTE RESOLUTION COMMITTEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
ELECTIONS 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
POLICY DEVELOPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
DISTRIBUTION OF FUNDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
DISTRIBUTION OF FISH TO MARAE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
NEGOTIATIONS WITH NEIGHBOURS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
REVIEW OF TE OHU KAIMOANA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
RAUKAWA KI TE TONGA AHC LTD CHAIRMAN’S REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
He MIHI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
HIGHLIGHTS OF THE YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
AOTEAROA FISHERIES LIMITED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Sealord Group Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Key Achievements from Aotearoa Fisheries’ Divisions . . . . . . . . . . . . . . . . . . . . . . . 21
AOTEAROA FISHERIES LIMITED SHARES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Aotearoa Fisheries Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Divdend from Aotearoa Fisheries Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Raukawa Tauranga Ika Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Paua . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Lobster Fishery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Surf Clam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Quota Share Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Listed Share Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Fixed Interest Bond Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
MAJOR RAUKAWA KI TE TONGA AHC LTD ISSUES TO BE RESOLVED . . . . . . . . . . . . . . . . . . . . . . 25
Major Maori Fisheries Issue To Be Resolved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Review 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Outlook For 2015 Financial Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
CENTURIA METROPOLITAN REIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
FINANCIAL STATEMENT AND AUDITOR’S REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

3

Raukawa Ki Te Tonga Trustees

Aroha Spinks Colin Knox Rupene Waaka Fiona Parewai Wilson

Ngāti Raukawa, Ngāti Ngāti Raukawa (Ngāti Ngāti Raukawa Ngāti Raukawa, Ngāti
Toarangatira, Ngāti Kapumanawawhiti, Ngāti Kapu, Ngāti Maiotaki, Tukorehe,
Tukorehe, Ngāti Ngāti Tukorehe, Ngāti Ngāti Huia, Rangitāne, Muaūpoko, Kāi
Kapumanawawhiti, Wehiwehi) Ngāti Ngārongo, Ngāti Tahu
Ngāti Wehiwehi Turanga, Ngāti
Wehiwehi, Tukorehe

Te Kenehi Teira Bernadette Arapere Rachael Selby

Raukawa ki te Tonga, Hapū: Ngāti Pikiahu- Ngāti Raukawa, Ngāti Huia
Raukawa ki Wharepuhunga Waewae, Ngāti
Ngāti Hinemata, Ngāti Parewahawaha, Ngāti
Ngarongo, Ngāti Takihiku, Whakatere.
Ngāti Kapu, Iwi: Ngāti Raukawa; Ngāti
Ngāti Kauwhata, Ngāti Tuwharetoa;
Tukorehe, Ngāti Ira Ngāti Maniapoto.

4 Raukawa ki te Tonga Trust | Annual Report | October 2012-September 2013

RAUKAWA KI TE TONGA AHC LTD
Directors

Gabrielle Mary Toarangatira Thomas Edric
Rikihana Pomare Dip AG Jamison BCA

Ngāti Koroki Te Ātiawa, Ngāti Ngāti Kikopiri, Ngai Tahu
Educationalist and Toarangatira, Ngāti Retired. Vice President
Student Weaver. Raukawa Ōtaki-Māori Racing
Chairman, Raukawa ki Club; Former
te Tonga AHC Ltd Chairman Sustema
Interim Trustee Business Consultants
Raukawa ki te Tonga Ltd, Wellington;
Trust; Founding Director Former Director NZ
Raukawa Tauranga Meteorological Service;
Ika Ltd; Secretary Former Member NZ
Mokau ki Turakirae Racing Board; Former
Fishing Consortium; Director TAB; Panelist
Member of Te Ohu Māori Fisheries Review;
Kai Moana Taumata Former Member
Paepae; Director First Chatham Islands
National Finance Enterprise Trust.
Corporation; Deputy
chair Port Nicholson
Block Settlement Trust.
Trustee Te Pihopatanga
o Aotearoa; Trustee Te
Rūnanganui o Taranaki
Whānau; Director
Hongoeka Development
Trust.

5

RAUKAWA KI TE TONGA TRUST
STRUCTURE 2014

Raukawa ki te Tonga Trust Raukawa ki te Tonga AHC Ltd

TRUSTEES [“Asset Holding Company”]

Rachael Selby [chair] DIRECTORS

Bernadette Arapere [d/chair] Toa Pomare [chair]

Fiona Wilson Tom Jamison

Aroha Spinks Gabrielle Rikihana

Colin Knox Secretary
Te Kenehi Teira Alma Winiata - Kenny
Rupene Waaka

Committees Required by Deed of Trust Committees delegated under RULE 4.9

Iwi/Hapū Validation Disputes Resolution Membership Iwi Validation Members Register
Committee Committee Committee Committee Committee
RULE 9.1(a) RULE 9.3(a)
RULES 1.1 & 5.6(c)

6 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

REGISTRATION OF MEMBERS

The registration of members remains an on-going challenge for the Trust, for the iwi and hapū. It is in our interests to
continue to prioritise registration and hence every hapū is asked to make it a goal to increase the number of registered
members. Despite our efforts over the past year we have not met our target to increase membership to 12,000.
We are aware that our people are spread around the globe and increasingly our whānau have made Australia home.
We are reminded of this regularly. Very few are registered with the Trust and we seek your assistance in communicating
with potential members in Australia and in other countries. Communication has been made easier so we should take
advantage of this. There is little change in our statistics for membership, although we have more validated members
than last year.
At the end of 2014, we have:

• 10,166 validated members
• 2,385 are under 20
• 5, 877 are under 40
• 1,200 are over 60
• 20 are over 90
Geographic statistics:
• 8,741 North Island addresses
• 3,456 are in the Horowhenua and Manawatu-Whanganui area
• 589 in the South Island
• 434 live in Australia
Graphs of the members by age, members by geographic location and members by hapū / iwi affiliations are included in
this report.

COMMUNICATION WITH MEMBERS

Communication with one another and with whānau and hapū near and far away has changed dramatically in the past
four years. When we were established in 2011, the expectation was that we would post newsletters to our members and
communicate on paper that the postal services would deliver. In a very short time this has changed dramatically. There
is now an expectation from many members that we will communicate electronically and use social media. We have set
up a website www.raukawakitetonga.maori.nz and this is generally a site for recording events, making announcements
and maintaining a record of them. While we recognise this as a place to communicate with members, not all members
check out websites. We have set up a Facebook page and will work to make contact with members who are Facebook
fans. We are aware of the changing technology and will take advantage of the various media available for maintaining
contact with members. We continue to need your help with maintaining contact with members and with keeping our
database updated.

7

MembersHIP STATISTICSAuckland886
Bay Of Plenty 841
As at 23/01/2015
Members by AgeCanterbury291
Gisborne 49
678
694Hawkes Bay384
Manawatu - Wanganui
10,16966 2190 20 130 356
validated membersMarlborough7820310
Age BracketsNelson16217
81
Members by Geographical LocationNorthland69
Otago
8 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014201
Southland 16
Taranaki
Tasman 633
Waikato
4 1707
Wellington 195 15841594
West Coast 1481
Australia - Queensland 21
Australia - Capital Territory 120
Australia - New South Wales
Australia - North Territory 6
Australia - South Australia 6
Australia - Victoria
Australia - Western Australia 51
Overseas - Europe 35
Overseas - Asia 26
Overseas - Americas 1
Horowhenua 16

Taupo 1266
Wairarapa
Unknown Area 31 1908
No known Address 67
40

294

Members by HAPŪ/IWI Affiliations

Ngāti Hikitanga 221 1241
Ngāti Huia Ki Katihiku 1150
573
Ngāti Huia Ki Matau 335
Ngāti Huia ki Poroutawhao
845
Ngāti Kapumanawawhiti 815
Ngāti Kauwhata 666
Ngāti Kikopiri 566
Ngāti Koroki 596
Ngāti Maiotaki 417
338
Ngāti Manomano 458
Ngāti Ngarongo 760
Ngāti Pare 596
566
Ngāti Pareraukawa 437
Ngāti Parewahawaha 359
Ngāti Pikiahu ki Poupatate 307
Ngāti Pikiahuwaewae 140

Ngāti Rakau 886
Ngāti Rangatahi-Matakore 213
Ngāti Raukawa ki te Tonga
1008
Ngāti Takihiku 602
Ngāti Te Au
761
Ngāti Tukorehe 48
Ngāti Turanga

Ngāti Wehi Wehi
Ngāti Whakatere

Unknown

Number of Members

9

STRATEGIC PLAN

March 2015 - March 2016
E kore au e ngaro; he kākano i ruia mai i Rangiātea

PURPOSE

To hold, manage and administer the Trust Fund to benefit Raukawa ki te Tonga members through the expression of
kaupapa tuku iho.

MISSION STATEMENT

Me whakamana tātou i a tātou,
Me whakamana i ngā tāngata,
Me whakaiti i a koe.
Ko ngā kaumātua, ngā puna o te mātauranga,
Mā te whakarongo, ka whakamanatia.
Ko ngā pakeke, ngā kaitiaki o tōku oranga,
Mā te āwhina, ka whakamanatia.
Ko ngā tamariki, ngā hua o tēnei ao,
Mā te awhitahi, ka ora ai. 1
Nā Hemi Te Peeti, Ngāti Whakatere, Ngāti Takihiku, Ngāti Matakore

KAUPAPA

The Trustees of Raukawa ki te Tonga Trust will work with kaupapa inherited from our tūpuna to enhance our relationships
with one another and those with whom we work to achieve the aspirations of Raukawa ki te Tonga.

These kaupapa are guiding principles and values of te kākano i ruia mai i Rangiātea and are appreciated as taonga tuku
iho over which we are guaranteed tino rangatiratanga under Te Tiriti o Waitangi.

• Whanaungatanga • Rangatiratanga

• Whakapapa • Kaitiakitanga

• Pūkengatanga • Wairuatanga

• Kotahitanga • Ūkaipōtanga

• Manaakitanga • Te Reo

1 Honour each other and all people and be humble yourself. Honour and attend to our kaumātua, the source of our
knowledge. Empower our elders, the guardians of our wellbeing. Embrace and nurture our children, the harvest of our
world.

10 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

Whanaungatanga We will maintain mana-enhancing Rangatiratanga We will maintain tino rangatiratanga of
relationships with kaumātua, Fisheries Negotiators, our people and the resources which we have received and
the AHC Directors, sub-committees, hapū and iwi developed on behalf of Ngāti Raukawa.
representatives, Te Rūnanga o Raukawa, Te Wānanga o
Raukawa, Te Moana o Raukawa Electoral College, Te Kāwai
Taumata, Te Ohu Kaimoana, legal counsel, accountants
and auditors.

Whakapapa We will promote relationships and benefits Kaitiakitanga We will protect and multiply the resources
through building a significant iwi register which records for which we have responsibility so that our mokopuna
the names and contact details of all of our people. receive the benefits.

Pūkengatanga We will enhance knowledge of our Wairuatanga We will to manage and promote relationships
whakapapa through the iwi register, of the history and that enrich and enhance our wellbeing, the wellbeing of
origins of Ngāti Raukawa ki te Tonga, and the background those with whom we work and that of the iwi.
to the development of the Raukawa ki te Tonga Trust.

Kotahitanga We will promote collaboration within the Ūkaipōtanga We will establish and affirm relationships of
Trust, within the iwi, with our beneficiaries and all with Raukawa ki te Tonga people with the Trust, whether they
whom we work to achieve benefits for them. are resident within the rohe, in Aotearoa or overseas.

Manaakitanga We will behave in mana-enhancing ways Te Reo
with each other, with all those who have an interest in the Ko te reo te kaipupuri i te Māoritanga: whāia kia mau.
Trust, the work of the Trustees and who provide services
to the Trust.

11

KAUPAPA AND HIAHIA 2015-2016

Kaupapa Wāhanga Hiahia 2015-2016
Encourage the ongoing membership of individuals, whānau,
Whakapapa – to promote Governance & hapū and iwi of Raukawa ki te Tonga by informing them via 2
relationships and benefits Strategic Direction newsletters annually.
through building a significant iwi Membership & Promote registration of members through updating
register Distribution electronic registrations monthly, and conducting
promotional hui twice yearly.

– to promote relationships Administration Maintain an accurate membership database and update
and benefits of the Trust to and Support monthly.
all members. Services Respond to all enquiries within ten working days.
Investment and
– to promote effective Financial Success Develop Trustee knowledge on investment and financial
financial management Governance & performance of the Trust and AHC by conducting a financial
processes for the Trust Strategic Direction training package in 2015.

Pūkengatanga – to enhance Membership & Document the whakapapa of the Trust. Ongoing
knowledge of whakapapa, Distribution development and review of Governance Manual annually.
history and origins of Raukawa Administration Meet and work with the AHC Directors at least 6 times in
ki te Tonga and be familiar and Support 2015.
with the development of the Service
Raukawa ki te Tonga Trust. Increase registered members by 10 % in 2015.
Validate registrations monthly.
– to maintain records of
the development of the Annually review administration systems and processes, files
Raukawa ki te Tonga Trust. and records, including minute books & correspondence files.
Maintain archival files of all relevant reports and documents
monthly.
Support all trustees requests for information within ten
working days.

– to enhance knowledge of Investment and Prepare quarterly reports for Trustees.
financial policies, investment Financial Success Prepare annual accounts for audit and present to members.
policy and financial Develop and confirm a Trust Budget.
performance
Complete the Annual Plan for presentation at the AGM.
Rangatiratanga – to maintain Governance & Facilitate Te Moana o Raukawa iwi hui annually.
the tino rangatiratanga of Strategic Direction Work with whānau, hapū and iwi to increase membership
whānau, hapū and iwi of Membership & through hapū representatives, iwi hui, the website,
Raukawa ki te Tonga and the Distribution Facebook and other means.
resources received on their
behalf. Review and archive database of administration and support
services annually.
– to maintain tino Administration Review and provide updates for website to web manager
rangatiratanga of Raukawa ki and Support monthly.
te Tonga and the resources Services
received on their behalf.

Investment and Engage with Te Ohu Kaimoana in the current review to be
Financial Success completed by December 2015.

12 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

Kaupapa Wāhanga Hiahia 2015-2016
Te Reo – ko te reo te kaipupuri i Governance & Promote the understanding of tikanga Māori through the
te Māoritanga: whāia kia mau. Strategic Direction consistent use of te reo in our work for the Trust.
Membership & Ensure the registration process (including forms) are Te Reo
Manaakitanga - to behave in Distribution user- friendly by December 2015.
mana-enhancing ways towards Administration Increase use of Te Reo in our documentation, policies and
each other as Trustees and and Support communication.
those we serve, and with whom Services
we work. Investment and Develop strategies which reflect a commitment to tikanga
Financial Success Māori by December 2015.
Whanaungatanga – to develop Governance & Align the Trust with other Raukawa ki te Tonga organisations
and maintain mana-enhancing Strategic Direction through joint hui and co-operation.
relationships with each other Membership & Assist whānau with identifying their hapū whenever
as Trustees and Directors, Distribution requested.
and those whom we develop Administration Call for distribution applications by April 2015
relationships with on behalf of and Support Request and receive reports from previous recipients by
Raukawa ki te Tonga. Services October 2015.
Liaise with Te Rūnanga o Raukawa re Fish orders as required.
Investment and Notify members and marae regarding Annual General
Financial Success Meeting by 1 February.
Governance & Confirm a Dividend Policy, Investment Policy and
Strategic Direction Distribution Policy for the Trust and AHC by April 2015.
Membership & Appoint AHC Directors.
Distribution Hold an AGM in March.
Support the work of the Membership Committee monthly.
Administration Support the Trust secretary with achieving her goals in
and Support registering whānau, hapū and iwi of Raukawa ki te Tonga.
Services Communicate with Trustees and Directors prior to each
meeting.
Investment and Ensure all reports are sent to Trustees and Directorsat least
Financial Success seven days prior to all meetings.
Maintain financial reporting and monitoring processes.
Identify individual training needs.
Attend Trustee training.

13

Kaupapa Wāhanga Hiahia 2015-2016
Kaitiakitanga – to protect and Governance & Report at the AGM on the performance of the Trust & AHC.
multiply the resources which we Strategic Direction Engage in Review of Te Ohu Kaimoana and associated Trusts
as Trustees have responsibility in 2015.
for so our mokopuna receive the Membership & Attend and engage in the FMA 8 roopu.
benefits. Distribution Update membership details monthly and encourage
Administration members to update information.
Kotahitanga – To promote and Support Fulfill relevant compliance in accordance with relevant
collaboration within whānau, Services legislation (IRD and financial reporting standards).
hapū iwi of Raukawa ki te Tonga Investment and Provide relevant documents for the annual audit.
and those we work with to Financial Success Confirm financial policies and delegated authorities.
achieve benefits. Confirm Investment Policy and benchmark returns.
Governance & Monitor investment and financial performance.
Wairuatanga – to manage Strategic Direction Work effectively in sub-committees.
and promote relationships Membership & Engage with neighbouring iwi re: in-shore fishing allocations.
that enrich and enhance the Distribution Work with whānau, hapū and iwi of Raukawa ki te Tonga to
wellbeing of whānau, hapū and Administration maintain an accurate register.
iwi of Raukawa ki te Tonga and and Support Confirm terms of reference for sub-committees.
registered members. Services Maintain effective administration systems.
Ūkaipōtanga – to establish and Investment and Prepare minutes and reports for meetings and distribute in 7
affirm relationships of whānau, Financial Success days on advance of meetings.
hapū and iwi of Raukawa ki Review the Distribution Policy in April 2015.
te Tonga within Aotearoa and Governance & Report on Distribution Policy to members through a
overseas. Strategic Direction newsletter and the website.
Membership & Report on Distributions to members.
Distribution Review Fish Distribution Policy and processes.
Administration Promote wellbeing of members.
and Support
Services Report on all matters at the AGM in accordance with the
Investment and constitutional requirements.
Financial Success Confirm charitable tax status.
Governance & Complete Charities Commission requirements annually.
Strategic Direction
Effectively manage the annual audit process.
Membership & Report effectively on the work of the Trust and AHC.
Distribution Develop, and monitor the effectiveness of the
Communications Plan. Effectively utilise the web and
Administration electronic communication forums.
and Support Maintain and update the website monthly.
Services Send 2 electronic newsletters to members. Use Facebook
Investment and and other e communications effectively.
Financial Success Provide membership updates via the website.
Collaborate with key entities to access and effectively
manage membership data on a timely basis.
Communicate effectively with whānau, hapū and iwi and
associated entities.

Develop appropriate succession plans for the Trust.
Advertise election cycle.

14 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

DISPUTE RESOLUTION COMMITTEE

There have been no disputes referred to this committee. Heitia Raureti and Jessica Kereama-Stevenson have continued
to be available to serve on the Committee. They are available to again serve on the committee with one Trustee. Colin
Knox has filled that position.

ELECTIONS 2014

In order to continue the rotation of trustees electionz.com Ltd were asked to manage an election due in 2014 (our third
election). The trustees who had served three years since establishment in 2011, were required to stand down. This
ensures that no trustee holds office for more than 3 consecutive years without seeking re-election.
Four trustees (representing 50% of trustees) had stood down and been elected unopposed in late 2012. They were Colin
Knox, Rupene Waaka, Te Kenehi Teira, Aroha Spinks.
The remaining three, Rachael Selby, Bernadette Arapere and Fiona Wilson therefore stood down and were invited to
seek re-election. Bernadette Arapere and Fiona Wilson decided not to seek re-election and we record our gratitude
to them for their contribution as trustees. Rachael Selby, Jerald Twomey and Dan Arapere were elected unopposed in
September 2014 and will serve three years to September 2017.

POLICY DEVELOPMENT

As we move into our fourth year we have a Governance Manual in place and have completed significant work on policy
development. The Distribution Policy has been tested and continues to be an area in which we receive a range of views
from members about their expectations. We are pleased to report that we have successfully completed two rounds of
distribution.
The Distribution policy is based on the principle that:

• The value of the Trust Fund established in 2010 should be maintained for future generations.

The policy complies with the Trust Deed which enables Trustees to make charitable distributions to Marae, Iwi/Hapū or
any Entity Beneficiary. The recipient must make a request in writing and be registered as a charitable entity within the
meaning of the Charities Act 2005. They must use the distribution fund for the purpose proposed and applied for and
provide a plan to the Trustees for the use of the funds.
The first Distributions were made as follows:

DISTRIBUTION OF FUNDS

Hapū / Iwi / Marae 2013 Applications
Aorangi Marae Amount Distributed
Kauwhata Marae
Kikopiri Marae $7,500 Marae planning
Te Tikanga $2,800 Feasibility study
Matau Marae $5,000 Wānanga restoring mauri of water
Poupatate $27,000 Ablution block
Tukorehe Marae $18,639 Paint wharenui and roof
Hikitanga $35,000 Contribution to ablution block
Te Taiao o Raukawa $13,357 Repair roof and paint buildings
Total Distribution $2,500 Hapu planning
$12,000 Shellfish survey
$123,796

15

In 2014 the second round of applications resulted in the following distribution:

Hapū / Iwi / Marae 2014 Applications
Ngāti Huia ki Poroutawhao Marae Amount Distributed

$18,744 Tables and chairs for marae

Ngātokowaru Marae $3,300 Pillows, linen, vacuum cleaners and
table linen

Raukawa Marae $36,462 Dining room furniture, tables, linen.
Tukorehe Marae $3,908 Pouaka mātao
Wehiwehi Marae $2,500 Hui mātauranga Māori
Total Distribution
$64,914

DISTRIBUTION OF FISH TO MARAE

Overview

Since the establishment of the Trust, fresh fish has been made available to manaaki marae hui within the rohe. The
Raukawa ki te Tonga Trust continues to facilitate this with the support and assistance of Te Rūnanga o Raukawa. In the
past 2 years the cost of fish to the Trust has been more than $10,000 p.a.

Principles

Fish will be made available for hui at marae listed in the Deed of Trust and at hui hosted by a Raukawa ki te Tonga entity.
It is only available to contribute to the whare kai. It is not available for resale, fundraising, raffle prizes and for whānau
parties (weddings, birthdays, fundraisers).
Process

• A Marae representative orders fish through Te Rūnanga o Raukawa;
• The representative will provide information on the purpose of the hui;
• The order will be made 2 weeks in advance of hui where feasible;
• Te Rūnanga o Raukawa maintains a register of orders and purpose;
• The Rūnanga representative will receive the order and report if it cannot be filled;
• The order is delivered to one of the 3 Rūnanga offices;
• A Rūnanga staff member will contact the representative when it is delivered;
• It must be collected on the same day of delivery;
• It is only available on Monday – Friday in working hours;
• The person placing the order must have a chiller or large fridge available for storage;
• Te Rūnanga o Raukawa provides a schedule of orders to the Trust on request.
Notes
• Fillets of fish are generally available in a 10 kg box.
• This will generally provide for 50-60 people if it is the only fish/meat on the menu.
• Marae should be circumspect in placing orders to avoid waste.
• Specific species cannot generally be ordered.
• The Raukawa ki te Tonga Trust pays for the fish.

16 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

In the past year the following marae received fish distribution for tangi, hui, unveilings, weddings and birthdays.

Fish Distribution to Marae Supply of 10kg box
Katihiku 2
Matau 1

Huia 8

Tainui 5
Kauwhata 0
Aorangi 0
Kikopiri 2
Raukawa Marae 6
Taumata o te Rā 2

Kererū 1

Ngātokowaru 3
Ōhinepuhiawe 8
Te Tikanga 8
Poupatate 3
Paranui 3

Tūkorehe 10

Motuiti 7
Wehiwehi 6
Whakawehi 3
Te Hri o Mahuta 1
Other 8

Total 87

NEGOTIATIONS WITH NEIGHBOURS

We have concluded negotiations to the north and south with Ngāti Apa and Te Ati Awa ki Whakarongotai. Negotiations
regarding the allocation of the in-shore fishery between the Rangitikei River and the Manawatu River continue with
Tanenuiarangi Manawatu Inc and Muaupoko Tribal Authority.

REVIEW OF TE OHU KAIMOANA

The Maori Fisheries Act 2004 finalised the allocation of the Maori Fisheries Settlement and also created four entities as
part of the Settlement.

• Te Ohu Kaimoana (The Maori Fisheries Trust)
• Aotearoa Fisheries Ltd (AFL)
• Te Putea Whakatupu Trust
• Te Wai Maori Trust
The Act also provided for a review of the Trusts after 11 years. An independent reviewer was appointed in 2014 to do
this work. The review is to explore the governance arrangements.
All Mandated iwi Organisations have been invited to participate in the Review. Trustees have met with the reviewer and
discussed the issues which are relevant to us as an iwi and as trustees. It is anticipated that the review will be completed
in 2015.

17

RAUKAWA KI TE TONGA AHC LTD
CHAIRMAN’S REPORT

18

HE MIHI

I NGĀ TINI AHUATANGA O TE WA
This annual report covers the operations of Raukawa ki te Tonga AHC Limited over the 2013-2014
fishing year from 1st October 2013 - 30th September 2014.
The global economy has seen the New Zealand economy stand out in the post global financial crisis.
Europe remains in a fiscal unstable position while the USA economy gathers strength and Asian
markets retrench.
The New Zealand economy is expected to show growth of 3-4% this year, our economy in recent
years has been fuelled by strong demand from China, however China is experiencing some effects
of a growth reduced economy.
The New Zealand fishing industry is in constant change, no more so than this year’s introduction of
the “foreign charter vessel act”. This has seen an immediate impact on Iwi ace returns, a 30% decline
in revenue, as up to 100,000 MT of quota ace will go uncaught this season.
A constant diverse range of investment opportunities continue to be evaluated including commercial
property, agriculture and business equity opportunities.
The board have been very positive with its investment at 10 Spring Street Sydney and since balance
date have invested $200k into ASX listed Centurial Metropolitan Property fund. This fund has $180m
worth of properties spread between Brisbane, Adelaide, New South Wales with a mix of industrial
and office accommodation. Other AHC investments will be commented on later in the report.
The company and the trust are proactive in negotiating neighbouring Iwi boundaries. Over the last 18
months we have finalised agreements with Ngāti Apa and Te Āti Awa ki Whakarongotai, negotiations
continue with Rangitāne and Muaūpoko.
I would like to acknowledge the continued work of my fellow directors Gabrielle Rikihana and Tom
Jamison, since balance date we have welcomed the appointment of Shelley Macrae ( Ngāti Raukawa,
Tūwharetoa,) as a director of Raukawa ki te Tonga AHC Limited.
Our deepest sympathy and condolences go to Tom and Marie Jamison at the recent loss of their
daughter Victoria.
Ngā mihi ki a koutou katoa
Nā

Toarangatira Pomare
Chair, Raukawa ki te Tonga AHC Limited
January 2015

19

HIGHLIGHTS OF THE YEAR

• AHC declares dividend $218,535 to the trust

• Executed boundary agreement with Atiawa ki Whakarongotai

• TOKM invoke Māori Fisheries Act to provide temporary settlement to dispute of CRA4 Ace to Muaūpoko, Ngāti
Raukawa as well as Rangitane

• AFL distribute 1 for 1 bonus share issue

• Negotiations on Iwi boundaries with Rangitane and Muaupoko continue

• Final resolution to transfer the shares in Raukawa Tauranga Ika Limited to Raukawa ki te Tonga AHC Limited
completed on 30th June 2014

• AHC increases net equity by $1,803,140, for year-end 30th September 2014, includes transfer of RTIL.

• Property Investment at 10 Spring Street, Sydney, takes occupancy levels from 80% when purchased to 100% at
September 2014.

• AHC takes a 30% equity position in waste transformation limited

• AHC increases group Paua Holdings to 9.551 M/T
The following matters are reported as required by the Maori Fisheries Act:
No disposal of income shares.
No disposal of settlement quota.
Quota shares have been purchased in the period as outlined in the following schedule.

Species + Area Quota ACE ACE Shelving ACE QTy
Pau2 1250kg -115kg 1250kg
Pau4 1150kg 1035kg

There are other quota share packages in negotiation which will be reported next year.

Centuria 10 Spring Street Fund

20 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

AOTEAROA FISHERIES LIMITED

In announcing the results, chairman Whaimutu Dewes said the consolidated profit was higher than the planned amount
of $20 million as outlined in last year’s annual report, and was a result of AFL’s divisions performing well during the year.
He said that Sealord Group Limited also posted a strong result and was a major factor in the return to profit.
The result contrasts with last year’s loss as a result of Sealord’s exit from its Argentinian business and losses on the part
of its North American joint venture, as well as catch harvest shortfalls in the domestic fishing operations.
AFL chief executive Carl Carrington said “From a group perspective, the commercial fishing companies are in excellent
shape and performing well. Aotearoa Fisheries divisions were ahead of target which is pleasing considering the difficult
operating conditions, like the exchange rate and soft demand for paua in Asia.
Within the AFL Group are included Moana Pacific Fisheries and Kia Ora Seafoods in Auckland; OPC and Pacific Marine
Farms in the Coromandel; Prepared Foods in Palmerston North; and Sealord Group, in Nelson.
In the new financial year, AFL intends to ramp up efforts towards becoming a leader in sustainability, which is wholly in
line with its tikanga. “There is no question that our long term future and our ability to protect our ‘licence to operate’
hinges on how well we perform in this area.
AFL’s strategic focus over the coming year is based on three main components, he says. The first of those is zero harm;
keeping people safe remains our number one priority for AFL. There are a number of programmes in place that allow for
continuous improvement and monitoring of progress, he says.
The second component is sustainability - maintaining and protecting the right to operate continues to be important. “A
robust sustainability programme has already been put in place and will continually develop over time. The programme
will keep AFL as a leading, indigenous, integrated and sustainable seafood business”.
Finally, the company will also push for higher margins on its products. “With finite resources, there is a need to capture
additional value from our products, which are of excellent quality, by accelerating growth into higher market margins
and channels,” Carl says.
The full Aotearoa Fisheries annual report is available for download at www.afl.maori.nz

Sealord Group Limited

In 2013 Sealord recorded a loss in relation to the sale of its Argentinian subsidiary, yuken, leading to a reported loss for
the year of $44.4 million.
Other factors included losses on the part of its North American joint venture, catch harvest shortfalls in its New Zealand
fishing operations such as pelagic, squid and southern blue whiting fisheries, and the sharp appreciation of the New
Zealand dollar, which has affected the selling prices of its key fish products.
2014 has seen a return to profitability and the appointment of a new CEO. Iwi will keep a watch on change and improved
performance.

Key Achievements from Aotearoa Fisheries’ Divisions

AOTEAROA FISHERIES INSHORE
The amalgamation of Moana Pacific Fisheries and OPC Fish and Lobster has resulted in the creation of Aotearoa Fisheries
Inshore.
This new entity will allow the inshore business to maximise the allocation and use of quota. They will continue trading
under existing brands but operating as a single business unit will allow for a more efficient, productive and sustainable
harvesting and marketing operation.

21

AOTEAROA FISHERIES LIMITED
SHARES

Aotearoa Fisheries Limited (AFL) is required to pay dividends to income shareholders that are not less than 40% of the
net profit after tax (NPAT). At the time of writing this report we have the results for the 2014 year which will appear as
$203,754 income for the Trust’s 2014 report.

Aotearoa Fisheries Limited

Year Annual Profit (M) Cash payment to Iwi Cash payment to Iwi
shareholders per share
2010 $18.9 $7.6 $60.38
2011 $22.8 $9.1 $72.81
2012 $17.1 $6.8 $54.62
2013 ($6.0) NIL NIL
2014 $24.5 $7.85 $35.13
Year Cash payment to Iwi Cash payment to AHC
shareholder per share shareholder
2010 $60.38 $175,106
2011 $72.81 $211,160
2012 $54.62 $158,404
2013 NIL NIL
2014 $35.13 $203,754

Divdend from Aotearoa Fisheries Limited

As part of the final fisheries settlement, a part of the commercial fisheries quota was allocated to Aotearoa Fisheries
Limited (AFL) with the Iwi getting shares in the Company based on the Iwi population from the 2001 census. For Raukawa,
the number of shares allocated was 2900 valued by AFL at $8,959,631 on settlement. In each financial year, a dividend
payment based on 40% of the profit (NPAT) of AFL goes to the Asset Holding Companies of their Iwi organisations. The
total dividend paid to Raukawa ki te Tonga AHC Ltd amounted to NIL as the return for the 2900 shares held.

2014 saw Aotearoa Fisheries Limited issue a 1 for 1 bonus share issue taking Raukawa ki te Tonga AHC Limited shareholding
in Aotearoa Fisheries Limited to 5800 shares. Attached to each share was a māori authority tax credit valued at $240
per share.

AFL Results Summary 2014 2013 2012
$162.3m $152.4m $ 154.1m
Revenue
Profit/(Loss) $11.87m $16.9m $12.4m
AOTEAROA FISHERIES (managed divisions) $12.67m ($22.9m) $4.6m
SEALORD (AFL’s 50% share) $24.54m ($6.0m) $17.0m
AOTEAROA FISHERIES Consolidated Profit/(Loss)

REF Aotearoa Fisheries Secretariat

22 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

Raukawa Tauranga Ika Limited

2013 we reported the board of RTIL and TROR (shareholder), by way of resolution agreed to transfer the shares of RTIL
to Raukawa ki te Tonga AHC Limited.
This was the original vision in establishing RTIL and growing our fisheries assets. Settlement took place on 30th June
2014 with Te Runānga o Raukawa receiving $141,010 and the shares of RTIL been transferred to Raukawa ki te Tonga
AHC Group.

Paua

The AHC group have increased their Paua Holding to 9.551 M/T. Since balance date we have witnessed the rejection
at the Chinese boarder of all canned abalone. The reason for this “no agreed chemical exemption” this process needs
to be worked through with the two countries bureaucratic officials and agreed So2 is an acceptable lacquer for canned
abalone. This will change the face of the industry in New Zealand away from the traditional prepared foods limited
canning operation to exploring new markets in a different format. The AHC are moving into this market in a small way.

Lobster Fishery

This forms a significant part of our fisheries assets and income.
Because we are yet to finalise a boundary agreement with Muaūpoko, Te Ohu Kai moana will tender this fishery, this
will see a reduction in the coming years Income approximately $150,000.00. This industry is the “rock star of the fishing
Industry” recently 1 tonne of cray8 quota shares changed hands at $1m. We continue to search for cray4 quota shares
to purchase.

Surf Clam

Te Ohu has put in considerable effort with Iwi and commercial interests in Fisheries Management Areas 2 and 8 to
investigate opportunities for surf clam fisheries in these regions. This work builds on earlier efforts to increase commercial
opportunities for Iwi.
Discussions during the financial year between Iwi quota owners, Cloudy Bay Clams and Aotearoa Fisheries Ltd led to an
agreement to investigate a joint venture structure. This has near universal agreement from Iwi. However, more work
needs to be done before anything is able to be finalised.
The parties are currently focusing on the capital structure and workings of a proposed JV. It is hoped that the feasibility
work can be complete prior to the end of the year with agreement to proceed with a JV being made in the second
quarter of 2015.
Te Ohu chairman and chief executive visited Japan to finalise arrangements for the 2015 Global Fisheries Scholar, and
took three boxes of surf clams with them to showcase the seafood to executives from Nippon Suisan Kaisha, Limited
(Nissui), AFL’s 50 percent partner in Sealord Group. Peter Douglas, Te Ohu chief executive, said Nissui showed strong
interest in the tuangi, especially the larger ones.
Last year we reported that this fishery had been bought into the QMS, TACC for Area 8 is 2813 m/t. As advised, a working
group was established to negotiate with Cloudy Bay Clams on an integrated one-desk company to facilitate this fish
stock nation-wide. This work has taken longer than expected due to the on-going deliberations by Cloudy Bay Clams.
The working party which includes Toarangatira Pomare, Ben Potaka and Mike Paku expect a response from Cloudy Bay
Clams in the second quarter of 2015.

Quota Share Value

Independent market valuation of our quota shares held at balance date was $8,971,291. Our recorded book value is
$6,725,617.

Listed Share Portfolio

The market valuation of the listed share portfolio as at balance date was $1,621,653. Our recorded book value is
$1,339,930.

Fixed Interest Bond Portfolio

The market valuation of the bond Portfolio as at balance date was $1,017,531. Our recorded book values $986,057.

23

Declared dividends AHC Limited to Raukawa ki te Tonga Trust

2011 2012 2013 2014
$218,535
$105,330 $264,011 $240,030

Raukawa ki te Tonga AHC Limited and Group Net Assets

2010 2011 2012 2013 2014
$21,337,312 $23,140,452
Te Ohu Kai moana settlement

$13,379,451 $19,967,457 $20,749,429

24 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

MAJOR RAUKAWA KI TE TONGA AHC
LTD ISSUES TO BE RESOLVED

• The decision from MIO as to whether AFL Shares are a tradeable investment
• The decision from MIO as to whether settlement quota is a tradeable investment
• Finalise coastline settlement with southern FMA8 Iwi to enable final settlement transfer to take place from TOKM

Major Maori Fisheries Issue To Be Resolved

• Future of Te Ohu Kaimoana, Review by Tim Castle

Review 2015

It has been more than 10 years since a method for allocating the Maori Fisheries Settlement was determined and given
effect through the passage of the Maori Fisheries Act in 2004, creating four important entities to govern and manage
part of the Settlement. Those entities are:

• Te Ohu Kaimoana (the Maori Fisheries Trust),
• Aotearoa Fisheries Limited (AFL),
• Te Putea Whakatupu Trust, and
• Te Wai Maori Trust
The Act provides for a review after 11 years of operation and is to assess the effect of the governance arrangements of
the four entities on their performances in discharging their duties and functions under the Act, including their ability to
deliver benefits to the various beneficiaries of the Settlement.
It is also to consider the effect of restrictions on the disposal of Settlement assets as they relate to MIOs’ and AHCs’
ability to deliver benefits to Iwi beneficiaries, as well as AFL’s ability to deliver to its income shareholders (Iwi and Te Ohu
Kaimoana).
During the 2014 financial year, Te Ohu Kaimoana worked to put in place the arrangements that support the review
going ahead. We are providing resources for the Committee of Representatives to carry out their legal responsibilities,
for the Reviewer to undertake the review and for the necessary communication vehicles to keep Iwi informed on
developments. Te Ohu Kaimoana’s general counsel, Simon Karipa, has been the contact point for Iwi and the Committee
of Representatives, as well as assisting the Reviewer when required.
The Committee of Representatives was appointed by Iwi through the Electoral College process prescribed in the Act, and
Mark Ngata (Ngāti Porou) was elected chair. The committee has three roles: to set the terms of reference for the review,
to appoint a reviewer and to distribute the Review to Iwi. The terms of references were finalized in August 2014 and the
committee appointed Wellington barrister Tim Castle as the Reviewer around the same time.
When the Reviewer has completed his review, in the first few months of 2015, it is the role of the committee to send it
to all MIOs, AHCs, the four entities under review and the members of Te Kawai Taumata. Te Ohu Kaimoana is required to
hold a hui for Iwi to discuss the review and any recommendations, and the subsequent actions to be taken. We expect
to hold that in May 2015.
The review process is to be completed by the end of the 2015 financial year.
Ohu has developed a website that gives full details of the review. www.teohu.maori.nz/review.
Both the AHC and MIO have had one-on-one discussions with the Reviewer for the purpose of recommending change.

Outlook For 2015 Financial Year

The board of directors anticipate reduction in earnings for the 2015 financial year. This is due to a reduced value of
Paua income and no lobster income; on top of this the impact of the foreign charter vessel act and TOKM tendering the
inshore quota. Our diversity of investments come into play in these years.

25

CENTURIA METROPOLITAN REIT

26 Raukawa ki te Tonga Trust | Annual Report | October 2013-September 2014

FINANCIAL STATEMENT AND
AUDITOR’S REPORT

CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

Raukawa ki te Tonga Trust
PO BOX 15012, Ōtaki
(06) 364 9011 ext. 712
021 032 9396

www.raukawakitetonga.maori.nz