Ngai Tuhoe says it will let the dust settle after a major report on the Urewera raids before it considers compensation from police.
The Independent Police Conduct Authority's report found that armed officers illegally detained people and set up unlawful roadblocks at Ruatoki and Taneatua in 2007.
The tribe is to sign its deed of settlement - valued at $170 million - on 4 June.
An iwi leader, Tamati Kruger, is the chairman of Te Uru Taumatua, the governance entity that will manage the package.
He says the priorities this year are to successfully complete negotiations for settlement and to prepare for a new agenda of business and work in 2014.
Mr Kruger says the most prudent thing to do would be to allow the dust to settle after the report, which would have caused anxiety and recalled bad memories for those affected by the raids.
He says the iwi want plenty of time to understand the report in order to have a considered opinion on how to respond, and it will be revisited early next year.