Income Tax Act 2007

HF 2(2)(c) a company that is:

(i) established by a mandated iwi organisation to be an asset-holding company, as contemplated by section 12 (1)(d) of the Māori Fisheries Act 2004

(ii) recognised by Te Ohu Kai Moana Trustee Limited as a mandated iwi organisation under section 13(1) of the Māori Fisheries Act 2004

This definition recognises mandated iwi organisations and asset-holding companies. These entities are established by iwi to receive and manage settlement assets allocated to iwi under the Māori Fisheries Act 2004. Mandated iwi organisations may be a company or a trust.