The bill achieves its objective by amending the sections in the Maori Commercial Aquaculture Claims Settlement Act relating to the allocation of settlement assets. It provides Te Ohu Kaimoana with a limited discretionary power to allocate and transfer aquaculture settlement assets to iwi. The bill will ensure iwi can access their aquaculture settlement assets within an appropriate time frame. It will improve the delivery of the Crown's aquaculture settlement obligations, and it will protect the interests of iwi who do not wish to claim their aquaculture settlement assets at this time, whilst also supporting iwi aquaculture aspirations and the growth of the aquaculture industry more generally.