the resolution were made by Te Ohu Kai Moana Trustee Limited approv‐ ing it. 54DA Duty to pay levyIf a funding levy proposal is adopted, each mandated iwi organisation or recog‐ nised iwi organisation must pay to Te Ohu Kai Moana Trustee Limited the 35adopted funding levy (including any default interest) that applies to that man‐ dated iwi organisation or recognised iwi organisation. 5 10 15 20 25 30 3554ECollection of levy(1)Te Ohu Kai Moana Trustee Limited may recover any funding levy (including any default interest) from the relevant mandated iwi organisation or recognised iwi organisation— (a) by deducting it from any amount that Te Ohu Kai Moana Trustee Limited owes to or would otherwise be paying to the organisation; or (b) as a debt due in any court of competent jurisdiction.(2)A funding levy may provide that if the Crown, Aotearoa Fisheries Limited, or any other party owes money to a mandated iwi organisation or recognised iwi organisation that is in default of payment of a funding levy (including any default interest) to Te Ohu Kai Moana Trustee Limited, or owes money to the asset-holding company of that mandated iwi organisation,— (a) Te Ohu Kai Moana Trustee Limited may request the Crown, Aotearoa Fisheries Limited, or other party to deduct all or part of the amount owed to Te Ohu Kai Moana Trustee Limited from the money payable to the organisation or asset-holding company; and (b) the Crown, Aotearoa Fisheries Limited, or the other party is not obliged to comply with the request under paragraph (a), but if it does so the receipt of the chief executive of Te Ohu Kai Moana Trustee Limited dis‐ charges the debt owed by the Crown, Aotearoa Fisheries Limited, or the other party to the mandated iwi organisation, recognised iwi organisa‐ tion, or asset-holding company to the extent of the amount paid to Te Ohu Kai Moana Trustee Limited. Example A mandated iwi organisation owes Te Ohu Kai Moana $10,000. The Crown owes the mandated iwi organisation $20,000. The Crown, complying with a request by Te Ohu Kai Moana to do so, can— • deduct $10,000 and pay that amount to Te Ohu Kai Moana; and • pay the mandated iwi organisation $10,000.54FLater funding levy proposals(1)Not earlier than 2 years before the expiry of a funding levy, Te Ohu Kai Moana Trustee Limited must, if it wishes the funding levy to continue in its current or an amended form, prepare and distribute to mandated iwi organisations and recognised iwi organisations a further funding levy proposal that complies with section 54C.(2)Te Ohu Kai Moana Trustee Limited may incl...
