By Kelvin McDonald of Whakaata Maori
Waikato-Tainui and Ngāi Tahu have received multimillion-dollar adjustment payments under the relativity mechanisms in their Treaty of Waitangi settlements, Treaty Minister Andrew Little announced Friday.
Little said they are payments that “must be honoured”.
Both iwi are able to receive relativity mechanism adjustment payments every five years to ensure the real value of their settlements remains at 17 per cent for Waikato-Tainui and 16.1 per cent for Ngāi Tahu of total Treaty settlement expenditure.
Following their requests for payment, Waikato-Tainui was paid $101.5 million and Ngāi Tahu $96.5m, Little said in a statement.