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Sale and Supply of Alcohol Act 2012

Licensing trusts, community trusts, and other matters - Licensing trusts - Establishment of licensing trusts

307: How licensing trust may spend profits

You could also call this:

"What licensing trusts can do with their extra money to help the community"

When you look at how a licensing trust can spend its profits, you see it can use the money for certain things. You can use the profits to help with education, science, literature, art, and other activities that are good for people's wellbeing and culture. You can also spend the profits on building or fixing places that help with these kinds of activities, or on other charitable purposes, as seen in similar legislation such as s 189.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3339839.

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Part 3Licensing trusts, community trusts, and other matters
Licensing trusts: Establishment of licensing trusts

307How licensing trust may spend profits

  1. A licensing trust may spend or distribute the net profit that it makes in performing its functions for all or any of the following purposes:

  2. the promotion, advancement, or encouragement of education, science, literature, art, physical welfare, and other cultural and recreational purposes:
    1. building, laying out, maintaining, or repairing buildings or places intended to further any of the purposes described in paragraph (a):
      1. any other philanthropic purposes.

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