About TFQL

Tuhoe Fish Quota Ltd (TFQL) was set up in September 2006 as the Asset Holding Company, which is 100% owned by the Tuhoe Fisheries Charitable Trust.

TFQL manages the bulk of Tuhoe 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.