Post by Kiwi Frontline on Jan 23, 2018 16:22:51 GMT 12
WAIKATO-TAINUI RECEIVE $190 MILLION BOOST
The government says the recent Ngāi Tahu and Tainui-Waikato Treaty settlement payout won't affect other iwi negotiating a fair deal in the future. Both iwi received a combined $370 million as part of a special clause in their Treaty settlements.
Minister for Treaty Settlements Andrew Little says, "This gives them more investment capital to use to continue to grow the value of the asset base of those iwi and therefore the total Māori economy grows."
The two tribes have become economic powerhouses in the New Zealand economy and Little says this clause won't affect other iwi looking to complete their claims.
"All future negotiations have to be conducted in good faith and it is not right for the Crown to put arbitrary limits on how it is dealing with the claims because it's dealing iwi by iwi."
Both Tainui and Ngāi Tahu iwi have the right to seek further payment every five years once an evaluation is done of the Treaty settlements over that period......
www.maoritelevision.com/news/regional/waikato-tainui-receive-190-million-boost
The government says the recent Ngāi Tahu and Tainui-Waikato Treaty settlement payout won't affect other iwi negotiating a fair deal in the future. Both iwi received a combined $370 million as part of a special clause in their Treaty settlements.
Minister for Treaty Settlements Andrew Little says, "This gives them more investment capital to use to continue to grow the value of the asset base of those iwi and therefore the total Māori economy grows."
The two tribes have become economic powerhouses in the New Zealand economy and Little says this clause won't affect other iwi looking to complete their claims.
"All future negotiations have to be conducted in good faith and it is not right for the Crown to put arbitrary limits on how it is dealing with the claims because it's dealing iwi by iwi."
Both Tainui and Ngāi Tahu iwi have the right to seek further payment every five years once an evaluation is done of the Treaty settlements over that period......
www.maoritelevision.com/news/regional/waikato-tainui-receive-190-million-boost
