Te Wai Māori has received the total capital sum of $20 million. The trust can not expend or distribute any of this capital. In 2009 – 2010, Wai Māori received $10 million from Te Ohu Kaimoana as part of the capitalisation of the trust provided for through the Māori Fisheries Act. The remainder of the fund is being transferred to Wai Māori progressively at the rate of $1 million per year until the full $20M is paid. Ongoing annual funding is limited to the income generated by the capital of the Trust.
