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Sale and Supply of Alcohol Act 2012

Licensing trusts, community trusts, and other matters - Community trusts - Conversion of licensing trust to community trust

357: Establishment of community trust

You could also call this:

"Setting up a community trust to manage alcohol sales in your area"

When a licensing trust has to become a community trust because of what is said in section 354(3), section 355(4), or section 356(3), it must set up a community trust as soon as possible. You do this by creating a trust deed that includes the things mentioned in section 366. The trust deed must be published in the Gazette soon after it is created.

The community trust is officially established when the trust deed is made. This deed is a special document that outlines how the trust will work. It has to include certain details that are specified in the law.

The Gazette is a special publication where official notices are published. When the trust deed is published in the Gazette, it lets everyone know that the community trust has been set up. This is an important step in making the community trust official.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3339905.

Topics:
Money and consumer rights > GamblingGovernment and voting > Local councils
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356: Electors may request poll on conversion at any time, or

"You can ask for a vote on changing a licensing trust to a community trust at any time."

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358: Order in Council vesting licensing trust's undertaking in community trust, or

"The Governor-General can transfer a licensing trust's business to a community trust with a special order."

Part 3Licensing trusts, community trusts, and other matters
Community trusts: Conversion of licensing trust to community trust

357Establishment of community trust

  1. A licensing trust that is required by section 354(3), 355(4), or 356(3) to be converted to a community trust must, as soon as practicable, establish a community trust.

  2. A community trust is established when the licensing trust executes a trust deed that provides for the matters specified in section 366.

  3. The trust deed must be notified in the Gazette as soon as practicable after its execution.

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