Representing your interests – Network Tasman Trust
The Trustees of the Network Tasman Trust hold the shares in Network Tasman Limited on behalf of the company’s electricity consumers.
The Trustees’ role is to represent the interests of consumers that are connected to Network Tasman’s electricity network.
The Trust appoints the Directors of Network Tasman Ltd and monitors the company’s performance. It also approves the annual Statement of Corporate Intent which contains the company’s short- and long-term targets for reliability, capital expenditure and financial performance. Legislation requires that Network Tasman Ltd must operate as a successful business.
The Trust has six trustees: five are elected by all eligible Network Tasman consumers and one is appointed by the three largest consumers. The elected trustees serve six-year terms with the right to be re-elected.
Distributing accumulated funds to consumers
Network discounts are provided to electricity consumers by Network Tasman Limited based on consumption at each connection. In order to maximise financial benefits to consumers, the timing of these has recently altered following changes in the taxation treatment of electricity network discounts.
The Trust provides an annual distribution of accumulated funds to consumers. Last year this was $80 to each consumer. In previous years, the Network Tasman Trust annual Christmas distribution has occurred in the form of a cheque. From this year the distribution will be provided as a credit on power bills around late November/early December.
Supporting community activities
The Trust provides grants to a range of community groups – last year $70,000 was given to schools, sports teams, music groups and community support organisations. Two students are awarded the annual Sir Wallace Rowling Scholarship to pursue tertiary education.
If you or your community group would like to apply, please see this page for further details and information.
Grant applications for 2018 close on 31 August.
Electing your trustees – vote now!
This year, an election is being held for three trustees. If you are an eligible Network Tasman consumer, you should have received a voting pack in the mail. You can vote online here.
You can either vote online, using the pin and password from your voting pack, or by returning your completed voting papers in the post. Voting closes Thursday 16 August 2018.