Tainui, Ngai Tahu get $35.3M top-up over disputed calculation of relativity mechanism

Tue, 10 Apr 2018

By Paul McBeth April 10 (BusinessDesk) - Iwi heavyweights Waikato-Tainui and Ngai Tahu have received a $35.3 million top-up after disputing the way the Crown valued settlements when the payouts breached the $1 billion fiscal envelope six years ago. Treaty Negotiations Minister Andrew Little today announced the $16.6 million payment to Tainui and $18.7 million payment to Ngāi Tahu to ensure each iwi meets the agreed ratio of total settlements. Central North Island-based Tainui and South Island Ngāi Tahu settled for $170 million apiece...

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