The central North Island iwi had been confirmed as owner of the lake bed, the space occupied by the water and the airspace above the lake, via the Taupō Deed, by the Government in 1992 and in modifications to the deed in 2007.
Board chairman John Bishara welcomed the ruling.
“The trust board is pleased that the High Court has upheld the property rights of Ngāti Tūwharetoa in our taonga, Taupō moana,” he said.
CHRIS MARSHALL/Stuff
The High Court has ruled in favour of the Tūwharetoa Maori Trust Board in seeking to clarify whether it can license and charge commercial operators on Lake Taupō.