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Electricity Industry Act 2010

Industry participants and consumers - Financial statements of customer and community trusts

100: Publication of audited financial statements

You could also call this:

“Trustees must tell everyone where to find the trust's money reports”

If you are a trustee of a customer trust or a community trust, you need to make sure people can see the financial statements and the auditor’s report about those statements. You have to let people know where they can find these documents. To do this, you need to put an advertisement in the news part of two different editions of newspapers that lots of people read in your area. For customer trusts, this means newspapers that customers of the trust read a lot. For community trusts, it means newspapers that people in the community read a lot. This helps make sure everyone can find out about the trust’s finances if they want to.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2634502.

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Money and consumer rights > Banking and loans Business > Industry rules Rights and equality > Privacy
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99: Customer and community trusts must prepare and submit for audit financial statements, or

"Trusts must make yearly money reports and have them checked"

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101: Auditor of trusts, or

"Rules for picking and paying someone to check a community or customer trust's money"

Part 4 Industry participants and consumers
Financial statements of customer and community trusts

100Publication of audited financial statements

  1. The trustees of a customer trust and the trustees of a community trust must make publicly available the financial statements referred to in section 99 and the auditor's report on those financial statements.

  2. The trustees must also notify the fact that copies of the documents referred to in subsection (1) are so available (and where) by advertisement in the news section of 2 separate editions of each newspaper that is widely read by customers of the customer trust or by persons in the community of the community trust (as the case requires).

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