An internationally-famous tourism business in Rotorua is a step closer to iwi ownership after the New Zealand Māori Arts and Crafts Institute Vesting Bill had its first reading in Parliament today.
Māori Development Minister Nanaia Mahuta said it was a significant step in the journey towards iwi ownership.
"The journey began 10 years ago between the Crown and Ngāti Whakaue, Tūhourangi and Ngāti Wahiao.
"Te Puia has helped change the way Māori arts and crafts are viewed and this has had far-reaching implications for our tourism and trading markets. It has also had an impact on the way Aotearoa is seen internationally," she said.
Te Puia is currently a body corporate owned by the Crown.