Kahungunu
ASSET HOLDING COMPANY LIMITED
Ngāti Kahungunu has the third largest Iwi population in New Zealand, with 9.2 percent of the Māori population belonging to the tribe.
Settlement History
Geographically, Ngāti Kahungunu has the second largest tribal rohe in the country, from the Wharerata Ranges in the Wairoa district extending to the Rimutaka Range in south Wairarapa. The coastal boundaries are Paritu in the north to Turakirae in the south.
Ngāti Kahungunu Iwi Incorporated (NKII) was formed to represent ngā uri o Ngāti Kahungunu ( the descendants of Ngāti Kahungunu) and is the governing body for aspects of Iwi development. Following the Treaty of Waitangi Fisheries Settlement Act 1992 and the implementation of the Maori Fisheries Act 2004 the Ngāti Kahungunu fisheries settlement assets were transferred into a separate asset management company, namely Kahungunu Asset Holding Company Limited (KAHC).
In 2007, KAHC received more than $31 million in cash, quota shares and shares in Aotearoa Fisheries Limited. With prudent governance and investment, KAHC has grown the asset base of Ngāti Kahungunu and broadened the portfolio to include shares in other fishing companies and farming assets.
Every year, a dividend is paid by KAHC to NKII to fund its activities. In 2016, this dividend was $1.64 million. Land settlements will be conducted at hāpu level, with most on track to settle in principle by 2016.