The government is proposing changes to aquaculture legislation to improve the process for allocating and transferring aquaculture assets to iwi.

Fisheries Minister Stuart Nash has introduced the Maori Commercial Aquaculture Claims Settlement Amendment Bill to Parliament.

It proposes a limited new discretionary power for Te Ohu Kaimoana Trustee Limited (ToKM). ToKM allocates and transfers aquaculture assets under the Māori Commercial Aquaculture Claims Settlement Act 2004 (Settlement Act).

For further information, please see the Beehive website for the Minister's announcement.