26 Nov 2012

Ngai Tahu takes top up money

10:42 pm on 26 November 2012

Ngai Tahu has decided to take the Treaty settlement top-up money being offered by the Government.

The tribe will collect $68.5 million under a special agreement called the Relativity Clause - but says there are still some areas of dispute with the interpretation of the mechanism.

The Crown agreed to pay the money when the value of all settlements tipped over $1 billion at 1994 values.

Te Runanga o Ngai Tahu has previously said it is confident that any disagreements over the calculation of the final figure can be resolved quickly.

When the tribe entered Treaty negotiations, the Crown's policy was to conclude all historical settlements within the fiscal envelope of $1 billion.

But Ngai Tahu didn't believe the envelope would hold, so it secured an agreement to get extra payments.