About TFQL
Tūhoe Fish Quota Ltd (TFQL) was set up in September 2006 as the Asset Holding Company, which is 100% owned by the Tūhoe Fisheries Charitable Trust.
TFQL manages the bulk of Tūhoe fisheries settlement assets, which are made up of $5.245 million in quota (a share of a fish species) and $11.048 million of income shares in AFL. The value of these assets remains at their original allocation values in 2006.
TFQL makes its money mainly by leasing its Annual Catch Entitlement (ACE) to AFL as well as interest on cash deposits.
The AFL lease arrangement provides reasonable certainty for TFQL of its returns in a challenging fishing industry environment.
TFQL pays an annual dividend to TFCT of 40% of net surpluses after tax, which the Trust uses for administration and disbursement on charitable purposes.
The TFCT appoints directors to TFQL and oversees the performance of the company.
Tuhoe Fish Quota Ltd’s Reporting
The TFQL is required to:
- Hold its assets and revenue on trust for the benefit of the Trust's charitable purposes
- Present an annual plan and statement of corporate intent to the Trust
- Report annually to the Trust
- Have its accounts audited
At the TFQL's 2008 Annual General Meeting (held 15 August 2008), their Annual Report for the year ending 31 March 2008 was received by the TFCT
Pataka Kai
TFCT and TFQL have ensured Pātaka Kai is available for Tūhoe from Aotearoa Fisheries Ltd for over three years now which has been supplying Tūhoe whānau for Tangihana, Ahurei and at times other Hui-A- Iwi, this continues to receive positive feedback.
In our July 2010 report TFCT reported that we would trial a more accessible Pātaka Kai collection point being based in Tāneatua, this has been working well for our people and we have received excellent feedback on this change so this collection point will be put forward at the up and coming board hui as the permanent collection point for Pātaka Kai
How it works?
Pātaka Kai orders are to be placed with either Matt Te Pou or Celia Soloman for monitoring and reporting requirements of Aotearoa Fisheries Ltd
Contact details below:
Matt Te Pou: 0274749408
Celia Soloman: 0212801413
We will notify ‘Do Drop In” staff of the order including Tangihana details and person who will be collecting the order. “Do Drop In“staff will only release the fish once they have received notification from TFCT.
Where is Pātaka Kai collected from?
Store manager: Raewyn Trainor
Contact number: (07)312-9234
Trading hours: Monday to Friday 5.00am – 7.30pm, Saturday to Sunday 7.00am-8.00pm
What is Pātaka Kai Available for?
Pātaka Kai is available for Tangihana, opening of Tūhoe Marae and Te Hui Ahurei a Tūhoe