Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Taranaki iwi Ngaruahine settles Treaty claims for $67.5mln

Taranaki iwi Ngaruahine settles Treaty claims with Crown for $67.5 million

By Suze Metherell

Aug. 1 (BusinessDesk) - Taranaki iwi Ngaruahine has reached a $67.5 million settlement with the Crown for its Treaty of Waitangi claims.

The settlement includes a $13.5 million payment the government made in June 2013, as well as land in the Taranaki region. The settlement also includes four culturally significant sites, the Waipakari Reserve, Te Kohinga Reserve, Te Ngutu o te Manu and Te Poho o Taranaki.

"Ngaruahine has waited a long time to reach this day," Chris Finlayson, Minister for Treaty Negotiations, said in a statement. "No settlement can fully compenstate for the wrongs of the past, but this settlement will enable the people of Ngaruahine to move forward and focus on developing a strong cultural and economic future in the region."

The deed of settlement also details the iwi's 1999 claim over petroleum resources in the area, which included the offshore Kupe field and the onshore Kapuni field. The Waitangi Tribunal's 2003 'Petroleum Report' found that to exclude petroleum assets from settlements would further breach the treaty and recommended that the Crown withhold the Kupe petroleum mining licence from sale until Maori interests were resolved. The Labour-led Helen Clark government ignored this advice in November 2003, transferring the Crown's 11 percent royalties from the Kupe field to Genesis Energy.

The National-led government missed its self-imposed 2014 deadline to settle all treaty claims, extending the deadline to 2017 last December. According to the Office of Treaty Settlement's website, updated June 18, six different claimant groups have signed terms of negotiation with the Crown, 13 groups have an agreement in principle,16 have signed or have a draft deed of settlement, while 52 groups have completed settlements, since Waitomo in 1990.

Northland's Ngapuhi, made up of some 125,000 people and New Zealand's largest tribe, is yet to reach a settlement, though media reports earlier this year put the figure at $500 million.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news