The latest Treaty settlement is being hailed as a major leap forward for the country's largest iwi.
Ngāpuhi in Northland could receive up to $300 million following negotiations with Treaty Minister Andrew Little.
Iwi leader David Rankin says it will mark a new chapter.
"Things will happen rapidly now, and Ngāpuhi will now also be able to take their place as an economic superpower in this country, like Ngai Tahu and Tainui."
The settlement would be the biggest in New Zealand's history. Mr Rankin says the wealth will be for all.
"This is not the future for the Māori elite or the people above - this is for the people at the grassroots level."
He is confident the deal will be settled by the end of the year.
"It will be planted purely in the ground where it will grow. We do not touch it, we do not benefit because this claim will not be about self-gratification - it will be about our future."
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