A spokesman for Treaty Negotiations Minister Michael Cullen says it is too early to speculate on the impact a proposed $400 million "Treelords" deal will have on other Treaty settlements.
Central North Island iwi representatives will present their proposal for the handover of several forests, which if accepted will represent the largest ever Treaty deal, to Dr Cullen today at the Waihi Marae on the shores of Lake Taupo.
However, if the deal is settled it could trigger a top-up clause in Ngai Tahu's historic Treaty settlement.
That 1997 settlement contains a relativity clause that gives the tribe the right to return to the negotiating table if total Treaty settlements between 1994 and 2044 exceed the $1 billion fiscal envelope set by the previous National government. Ngai Tahu leader Mark Solomon said if the Government accepted the claimants' terms it would take total Treaty settlements "well over $1 billion".
"We'll be invoking our relativity clause if this deal goes ahead. We've been told the current Treaty total payout figure stands above $700 million."