Maori Commercial Aquaculture Claims Settlement Act 2004 (Act No. 107).

The purpose of this Act is to provide a full and final settlement of Maori claims to commercial aquaculture, and to provide for the allocation and management of aquaculture settlement assets.
"Settlement assets" shall mean authorizations relating to aquaculture activities, coastal permits to occupy space for aquaculture activities, or the financial equivalent of the authorizations or the permits.
The Act provides for the allocation of authorizations to the trustee for new space in aquaculture management areas and for the allocation of aquaculture space that is equivalent to 20 percent of certain space in the coastal marine area.
The Act sets out functions and powers of Iwi aquaculture organizations and provides for the establishment of the Maori Commercial Aquaculture Settlement Trust. Purpose of the trust and trustee's obligations are defined in the text.
The Act further provides for: allocation of settlement assets; resolution of disputes; regulation making powers of the Governor-General; etc. Attached to the Act are two Schedules dealing with methodologies for the determination of settlement assets allocation entitlements, and harbours and harbour entrance points.