Windfall for marae as Waikato Tainui harvests settlement bounty

Waikato Tainui paid out a record $55.6 million for tribal activities last year, including a special dividend of $25 million dedicated to marae. Its report for the 2023-24 financial year presented to last weekend’s hui a iwi shows total revenue of $141.6m, up from $106.2m the previous year. Total assets stand at $2.4 billion, up…


Waikato Tainui paid out a record $55.6 million for tribal activities last year, including a special dividend of $25 million dedicated to marae.

Its report for the 2023-24 financial year presented to last weekend’s hui a iwi shows total revenue of $141.6m, up from $106.2m the previous year.

Total assets stand at $2.4 billion, up $200 million, and equity is at $1.9 billion.

Tukoroirangi Morgan, the chair of the tribal executive Te Arataura, says there are now 91,000 registered members.

He says the progress was made in the face of the most aggressively racist government to hold power in Aotearoa.

Waikato Tainui has made submissions every month since March on bills introduced to parliament that will roll back and remove hard-fought gains Maori have made over the past 30 years.

The is is waiting for a date for its high court challenge to the Government’s actions on te reo Maori, and it is also preparing an injunction on water reforms.

Kiingi Tuheitai has led efforts to encourage Kotahitanga and reinforce the unity and strength of all iwi, providing a platform for collaboration, cultural preservation and collective decision making.

The Hui aa-Motu and ongoing gatherings have flourished, fostering a renewed sense of purpose and direction within iwi and Maori across the country.

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