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Sale and Supply of Alcohol Act 2012

Licensing trusts, community trusts, and other matters - Community trusts - Status, name, region, and functions of community trust

364: Functions of community trust

You could also call this:

"What a community trust can and can't do with alcohol"

A community trust can do things that a person can do. You can think of a community trust like a person that can make decisions and take actions. It can also issue debt securities, which means it can borrow money from people or organisations.

A community trust is allowed to have a licence to sell or supply alcohol, but it does not have to do this. It can choose to sell alcohol, supply alcohol, or do both, if it wants to. You can find more information about this by looking at the related law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3339914.

Topics:
Money and consumer rights > GamblingGovernment and voting > Government departments
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363: Alteration of community trust boundaries, or

"The Governor-General can change community trust area boundaries with advice from the Minister and Local Government Commission."

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365: How community trust may spend profits, or

"How community trusts can use their money to help their community"

Part 3Licensing trusts, community trusts, and other matters
Community trusts: Status, name, region, and functions of community trust

364Functions of community trust

  1. For the purpose of performing its functions, a community trust may—

  2. do anything that a natural person may do; and
    1. issue debt securities.

      1. A community trust is authorised, but not required, to hold 1 or more licences under this Act and to carry on the business of selling or supplying (or selling and supplying) alcohol.

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