Te Taumata has listened to the views of our whānau and we are using our position and connections to influence both domestic and global policies and plans that have the potential to benefit Māori.
Most recently, Te Taumata made a submission to the Reserve Bank of New Zealand (RBNZ) regarding Māori access to capital.
We have heard directly from our people that access to capital is a continuous barrier to Māori development.
Our submission acknowledges Te Pūtea Matua on its Improving Māori Access to Capital issues paper and highlights the benefits of developing a financial system that is fit for purpose for Māori.
We have made it clear that issues of bias continue to exist for Māori seeking to access capital and it is our strong position that resolution, while difficult, still needs to be attempted.
We believe a whenua Māori lending product would release pent-up demand and substantially fulfil the housing aspirations of Māori.
A Māori development bank model through creating a new division in Kiwibank would have the potential to solve many issues raised by the Improving Māori Access to Capital paper.
We encourage the RBNZ to explore a development bank option with further engagement, including with Government.