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Ngāruahine

Iwi Organisation

South Taranaki iwi. Treaty settlement in 2016.

Total Assets
$120.0M
Revenue
$5.5M
Officers
12
Subsidiaries
5

Iwi Details

Rohe (Region)
South Taranaki
Registered Members
7,322
Auditor
PricewaterhouseCoopers
Audit Opinion
Unmodified

Treaty Settlement

Settlement information not yet available for this iwi.

Distributions to Beneficiaries

$2.4M
Education
$77K

Te Korowai received $2.4 million distribution from Te Kīwai Mauī (up 30% since FY20). Distributions to uri included 160 iwi scholarships and grants, 122 recipients for education (ranging from undergraduate $500 to postgraduate $750 per recipient), Tuku Aupiki grants for professional development ($500-$430 per recipient), Hākinakina grants for sports/cultural (58 recipients at $250 each), and pātaka distributions to hapū for tangihanga, hui and celebrations ($21,000 total for 13 distributions)

Service Providers

Auditor(2)
PwC
2025
VanBurWray

Accounting services

2025
Bankers(3)
ASB

Banking services

2025
Bank of New Zealand

Primary banker

2025
TSB Bank Limited

Banking services

2025
Legal Advisors(4)
Brookfields Lawyers
2025
Buddle Findlay
2025
Kahui Legal
2025
Lisle McErlane
2025
Investment Managers(3)
Hāpai
2025
Harbour Asset Management
2025
Mercer
2025
Consultants(1)
Āio

commercial and project advisory

2025

Strategic Priorities

9
1Strengthen Ngāruahinetanga through cultural engagement and te reo Māori
2Support uri education, training and employment pathways (Te Kawa Whanakeora)
3Develop impact investments aligned with iwi values and intergenerational aspirations
4Protect and restore taiao through advocacy and kaitiakitanga (Tupua te Mauri)
5Support hapū-led housing and property development (Poua te Pātūtū)
6Oppose seabed mining and protect marine environment
7Advance Te Tiriti o Waitangi principles through submissions and advocacy
8Transition to sustainable operational business model moving away from reliance on Government funding
9Implement organisational infrastructure improvements to support impact investment strategy

Key Risks

8
Government policy changes threatening Māori rights and Te Tiriti commitments
Seabed mining threats to South Taranaki marine environment
Market downturn impacting investment returns
Operational deficit requiring management of deferred compliance and process improvements
Delays in Crown processes for Deferred Selection Properties acquisitions
Complexity and failure points in major project delivery (Ngā Rere Lodge)
Low funding environment limiting operational capacity
Capacity constraints facing hapū in development planning