CommercialNgātiwai Trust Board is the sole shareholder of the following subsidiary companies:
Ngātiwai Fishing Limited Our fishing company has been operating since the early 1990’s. The nature of the business is to lease our fishing quota (purchased some time ago by the Board over the years), to buy and sell fishing quota lease, and general monitoring of fishing issues. All profits are prudently invested by the directors and also, a dividend is paid to the Board to fund the Board’s annual operational costs and activities. The company is one of the best performing in the country however it must look to diversify as pressure will inevitably come on our fish stocks. Oceans Tutukākā Resort Limited The nature of business of Oceans Tutukākā Resort Limited is hospitality. Ngātiwai Holdings Limited The holding company was established as part of the requirements to receive and manage current and pending Treaty of Waitangi Fisheries Settlement and no doubt will be important vehicle for our future Treaty settlements. Ngātiwai Investment Holding Limited This company holds the property investments in Oceans Resort Tutukākā and the Rathbone James Limited Partnership's which holds a 75% interest in the Westpac building in the Whangarei CBD. 42 Port Road Limited Partnership which holds a 37% interest in the Warehouse building in the Okara Shopping Centre and Ngatiwai Education Limited Partnership which operates a private training establishment. Ngātiwai Management Limited This company controls the Board's operating divisions, administration and finance, resource management, education and treaty claims. |
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