Finlayson tight-lipped on Treaty top-ups

Treaty Negotiations Minister Chris Finlayson won't say how much the country’s two richest Maori tribes, Waikato-Tainui and Ngai Tahu, are likely to receive in top-up payments to their original settlements.

A ratchet clause in their settlements entitles them to around 17% of all payouts over $1 billion, a deal struck in 1994 to give them relativity with later claimants.

According to Mr Finlayson the threshold, measured in 1994 dollars and adjusted for interest and inflation, will “possibly be reached this year”.

 

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