Aotearoa Fisheries Limited (AFL) had its genesis through a unique pan-iwi agreement and consequently legislation - the passing of the Maori Fisheries Act in September 2004.
Up until 2004, Maori commercial fishing assets were owned and managed by the Treaty of Waitangi Fisheries Commission or Te Ohu Kai Moana for the benefit of all Maori. Maori received these assets through an agreement with the Crown in the late 1980s and in the early 1990s to settle historical Treaty of Waitangi breaches by the Crown.
The Maori Fisheries Act 2004 established AFL and Te Ohu Kaimoana - the former to manage the commercial arm of certain settlement assets into the future and the latter to act as a governance body for those Maori interests in the marine environment.
50% shareholding in Sealord (Nelson) and Prepared Foods Ltd (Palmerston North); and 100% ownership of Moana Pacific Fisheries (Auckland), Chatham Processing (Chatham Islands), Pacific Marine Farms (Coromandel) and Prepared Foods Processing (Palmerston North).