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Sale and Supply of Alcohol Act 2012

Licensing trusts, community trusts, and other matters - Licensing trusts - Conduct of business

335: Annual meeting of electors

You could also call this:

"A licensing trust must hold a public meeting each year to tell you about their work and money."

If you are an elector, a licensing trust must hold a meeting for you within 2 months after their financial statements have been checked by the Auditor-General. You will get public notice of the meeting at least 10 working days before it happens. At the meeting, the trust's president and members will present a report on what the trust did in the past financial year.

The report must include the trust's financial statements for the past year. It must also show how much the trust members were paid, and how many employees earned over $100,000 per year. The report will list all the grants the trust made. You will have a chance to ask questions and talk about the trust's operations at the meeting.

The trust must follow these rules so you can stay informed about what they are doing. You can find more information about this rule by looking at s 207A.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3339874.

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334: Financial statements, or

"Licensing trusts must prepare and share their financial statements with the public each year."

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Part 3Licensing trusts, community trusts, and other matters
Licensing trusts: Conduct of business

335Annual meeting of electors

  1. A licensing trust must hold a meeting of electors within 2 months after the annual financial statements have been audited by the Auditor-General.

  2. The trust must give the electors public notice of the meeting not less than 10 working days before the meeting.

  3. At the meeting of electors, the president and members of the trust must—

  4. present a report (the annual report) to the electors on the trust's operations in the immediate past financial year; and
    1. provide a reasonable opportunity for electors at the meeting to ask questions about, and to discuss or comment on, those operations.

      1. The annual report must—

      2. include the financial statements for the immediate past financial year; and
        1. show separately for that financial year—
          1. the total remuneration paid to the members of the licensing trust; and
            1. for employees or former employees who were paid remuneration and other benefits of $100,000 per annum or more as employees, the number of those employees broken down into bands of $10,000; and
              1. a list of all grants made by the licensing trust.

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