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



Continued growth in the Māori economy off the back of what has been a tumultuous Treaty settlement process will see more active participation of iwi groups in New Zealand’s domestic M&A market, Chapman Tripp says.

Other themes identified in the firm’s publication – Te Ao Māori – include increasing diversification of investment away from primary industries, adoption of tikanga in the commercial context, increased clout for Māori in the political sphere and an overall progression in indigenous rights law in New Zealand.

“The relationship between the Crown and Māori continues to evolve and, as more and more Treaty settlements mature, we expect to see further growth in the Māori economy, already estimated as worth $50 billion”, says Chapman Tripp’s Hoa Rangapū Whakarae (chief executive partner) Nick Wells.

“New investment areas include geothermal, digital, services, education, tourism and housing. Participation in export markets is also increasing and we expect it to increase exponentially in the short-to-medium term – especially in Asia, in the finance and business sectors and the dairy, forestry, seafood and red meat markets,” Wells said.

“Contractual agreements and constitutional arrangements are drawing on tikanga Māori through alternate dispute resolution procedures and we expect this trend to gain traction. An example is Waikato-Tainui’s Hohou Te Rongo that uses aspects of negotiation, mediation and arbitration.

“We would advise those wanting to engage with Māori business to become familiar with the underlying concepts of tikanga Māori.”

The Supreme Court Wakatū decision, which found that that the Crown had fiduciary duties to the Māori owners of the “Nelson tenths” land, was likely to see a progression in indigenous rights law in New Zealand, Wells said.

“Between the Wakatū case and other proceedings now before the courts and the Waitangi Tribunal, we expect many iwi will be looking at the emerging case law, weighing their rights and reassessing their relationship with the government in ways which may lead to further claims.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>