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Sale and Supply of Alcohol Act 2012

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

384: Annual meeting of electors

You could also call this:

"A community trust must have a yearly meeting with its electors to discuss the trust's activities and finances."

If you are part of a community trust, you need to have a meeting with the electors every year. This meeting must happen within two months after the trust's 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 trustees will give you a report on what the trust did in the past year. You will also have a chance to ask questions and talk about what the trust did. The report will include the trust's financial statements and other important information.

The report must show how much money the trustees got paid and how much some employees got paid. It must also list all the grants the trust gave out. If the trust is new, it might not have to follow these rules in its first year, but only if it already followed similar rules before it became a community trust, like what is said in section 335.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3339938.

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383: Financial statements, or

"Trustees must prepare and publicly share accurate financial reports each year"

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"Community trusts can merge to form a new trust"

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

384Annual meeting of electors

  1. A community 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 trustees of the community 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 upon, 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 trustees of the community 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 community trust.

              2. A community trust is not required to comply with this section in the year in which it is converted to a community trust if, in that year before conversion to a community trust, the licensing trust concerned complied with section 335.

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