Post by Kiwi Frontline on Sept 10, 2016 17:25:32 GMT 12
ASSETS OFFER OPPORTUNITIES
Beginning with the allocation of fisheries quotas in 1992-93, the Waitangi Tribunal treaty-settlement process has started to redress some of the harm caused by the confiscation of Maori land by the Crown.
Westpac industry economist David Norman said since the 1990s, individual iwi, and sometimes iwi collectives, had entered negotiations with the Crown, seeking cultural and financial redress.
Settlement values (in nominal dollars) total about $1.9 billion, according to the Office of Treaty Settlements.
The figure excluded the $170 million in fishing quotas apportioned before the Waikato-Tainui Raupatu settlement of 1994-95.Some of the largest financial settlements had been with Waikato-Tainui ($170 million), Ngai Tahu ($170 million), Ngai Tuhoe ($169 million), Ngati Porou ($90 million) and Te Ati Awa ($87 million).
In recent years, the scale and regularity of settlements had increased as the Crown aimed to complete the process, he said.
Two-thirds of settlement value was agreed in the five years from 2010 to 2015.
In 2013, Te Puni Kokiri (TPK), or the Ministry of Maori Development, estimated the size of the Maori economy at $42.6 billion, or 6.1% of the New Zealand total.....
www.odt.co.nz/business/assets-offer-opportunities
Beginning with the allocation of fisheries quotas in 1992-93, the Waitangi Tribunal treaty-settlement process has started to redress some of the harm caused by the confiscation of Maori land by the Crown.
Westpac industry economist David Norman said since the 1990s, individual iwi, and sometimes iwi collectives, had entered negotiations with the Crown, seeking cultural and financial redress.
Settlement values (in nominal dollars) total about $1.9 billion, according to the Office of Treaty Settlements.
The figure excluded the $170 million in fishing quotas apportioned before the Waikato-Tainui Raupatu settlement of 1994-95.Some of the largest financial settlements had been with Waikato-Tainui ($170 million), Ngai Tahu ($170 million), Ngai Tuhoe ($169 million), Ngati Porou ($90 million) and Te Ati Awa ($87 million).
In recent years, the scale and regularity of settlements had increased as the Crown aimed to complete the process, he said.
Two-thirds of settlement value was agreed in the five years from 2010 to 2015.
In 2013, Te Puni Kokiri (TPK), or the Ministry of Maori Development, estimated the size of the Maori economy at $42.6 billion, or 6.1% of the New Zealand total.....
www.odt.co.nz/business/assets-offer-opportunities