General Background Historical Background Deed of Settlement Commercial Redress Questions and Answers

Commercial Redress Commercial Redress This redress recognises the economic loss suffered by Ngati Ruanui arising from breaches by the Crown of its Treaty obligations. It aims to provide Ngati Ruanui with resources to assist it to develop its economic and social well being. It includes; A combination of cash and Crown-owned land up to a value of $41 million. Right of First Refusal - Ngati Ruanui will also have, for a period of 50 years, a Right of First Refusal to buy, at full market value, certain surplus Crown-owned properties in their area of interest. Mount Taranaki There is no cultural redress or apology in the Deed of Settlement relating to the confiscation of Mount Taranaki. This matter will be addressed at a later date in the settlement process in Taranaki when all the iwi of Taranaki are in a position to negotiate on these issues. There will be no additional financial or commercial redress in relation to the mountain. Any cultural redress and apology agreed with Ngati Ruanui will recognise the traditional, cultural, historical and spiritual significance of Mount Taranaki to all iwi of Taranaki while recognising the interests of the people of New Zealand generally in Mount Taranaki.   PREVIOUS | CONTENTS | NEXT

Executive Homepage | Minister's Homepage