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A five-year review of the total paid out in treaty settlements has added a further $370 million to the putea of Waikato Tainui and Ngai Tahu.
As the first two to settle their historic claims, those two iwi receive a percentage of the total treaty settlement fund rather than a fixed quantum.
That was the way the then-prime minister Jim Bolger overcame their resistance to the National Government’s policy to cap settlements at $1 billion.
Waikato-Tainui’s 17 percent deal means it got a $190 million top up, while Ngai Tahu’s 16.1 percent resulted in an extra $180 million.
The relativity clause was first triggered in 2012, after the Tuhoe settlement pushed the total over $1 billion for the first time.
At that stage just under $140 million was paid out to the two iwi.
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