Maori Council on Iwi Share Offer
Release on Behalf of New Zealand Maori
There appears to be some confusion
in the media.
Today's announcement from the Government
is not relevant to the water claim.
The Government is
not offering Maori anything in settlement of their water
claims. This announcement merely enables some Maori groups
to agree, should they wish, to accept shares in SOEs instead
of cash in relation to settlements that are currently under
In order to be eligible, the Government
must have already recognised that the group concerned is
entitled to receive cash well in excess of the amount that
will be offered in shares.
The shares will be in place
of cash. So Maori groups will be no better off then they
would be under existing negotiations.
negotiations do not recognise Maori proprietary interests in
water. The only difference following this announcement is
that if Maori groups wish to participate in the share sale,
they may be able to do so even if their settlement
negotiations are yet to be concluded.
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