December 19, 2022
Treaty cash top-ups for Waikato and Ngāi Tahu
Waikato-Tainui and Ngāi Tahu have received their latest five-yearly relativity payments for their Treaty of Waitangi settlements.
The payments are to ensure the real value of their settlements remains at 17 percent of total treaty settlement expenditure in the case of Waikato-Tainui and 16.1 percent for Ngāi Tahu.
Waikato-Tainui have been paid $101.5 million and Ngāi Tahu $96.5 million.
Treaty of Waitangi Negotiations Minister Andrew Little says the payments reflect the good progress that has been made in settlements over the past five years.
Te Arataura executive chair Tukoroirangi Morgan says when Waikato Tainui settled in 1995 the then-National Government had the concept of a‘fiscal envelope’ – that all historical Treaty settlements would be settled for $1 billion.
Negotiators wanted assurance the value of its $170m redress would be protected against any future settlements.
The tribe’s governing bodies will meet in the new year to decide how the latest payment would be used to achieve its strategic vision.