The Crown has signed a Deed of Settlement for all outstanding historical Treaty of Waitangi claims with Ngati Rarua in Blenheim today.
Actions of the Crown left Ngati Rarua without sufficient land for their needs, and the consequences are still being felt, Treaty Negotiations Minister Christopher Finlayson said.
He said the agreement is a significant step toward addressing past wrongs and building a strong economic future for Ngati Rarua.
As well as financial redress of $11.76 million, Ngati Rarua will have the opportunity to purchase Wairau and Motueka Crown forestry land near Nelson.
The Deed of Settlement also recognises the strong association Ngati Rarua has with Wairau Bar and Lagoons, Kaka Point and Te Tai Tapu.
"Today's settlement shows that the Crown and iwi can work together to resolve historical grievances and build an economic platform that benefits everyone," Finlayson said.