Who Qualifies

Are you eligible for the Entrust dividend? Not sure if you should have received the Entrust dividend? There are three conditions you need to meet.

The first condition is about the eligibility date. Please note, that date changes every year. The following information includes the eligibility date for the 2023 dividend. Although the date changes each year, the basic rules remain the same every year.

They're about:

  • being in the Entrust District on the roll date (9 August 2023) AND
  • paying Vector electricity lines charges as part of your power bill AND
  • being the person named on the power bill

The Entrust District covers central, east and south Auckland. It is the areas of Auckland, Manukau, northern Papakura and eastern Franklin that were in the old Auckland Electric Power board.

The following information applies to the 2023 dividend. 

The Entrust District covers central, east and south Auckland. It is the areas of Auckland, Manukau, northern Papakura and eastern Franklin that were in the old Auckland Electric Power board.

Yes: If you were in the Entrust District on the roll date (9 August 2023) you should be eligible for the dividend so long as you meet the other conditions.

No: The roll date for eligible beneficiaries was 9 August 2023. If you weren't living in the Entrust District on that exact date, you are not eligible for the dividend this year. This applies even if you had been in the Entrust District for most of the year. You have to be living in the District on the roll day.

Vector is the company that owns the power lines network in the Entrust District. Vector electricity lines charges are usually included in the power bill you receive from your electricity retailer. It doesn’t matter which electricity retailer you use.

But some new residential or commercial developments and some apartment buildings do not use the Vector electricity network. Those places use an embedded or customer-owned network. People in these places are not customers on the Vector electricity network and are not eligible for the dividend.

Places that are not connected to the Vector electricity network include:

  • Hereford Residences
  • Metropolis Apartments
  • Princes Wharf Apartments
  • Q Central Apartments, 15 City Rd
  • The Docks, 6 Dockside Lane
  • The Orange, Newton Road
  • Parts of Wattle Downs Manurewa, including:
    • Aberdeen Cres
    • Allerton Place
    • Belfry Place
    • Bells Hill Close
    • Blantyne Court
    • Brechin Place
    • Elie Place
    • Girvan Terrence
    • Scotsmoor Drive
    • Stranraer Cres
    • Turnberry Drive
  • Parts of Dannemora including: 
    • Artisan Place
    • Askerne Drive
    • Beros Place
    • Bickerton Way
    • Bilancia Place
    • Birchlands Road
    • Brancott Place
    • Briar Vale Place
    • Broberg Lane
    • Charo Place
    • Chateau Rise
    • Concepts Way
    • Fernhill Place
    • Gibbston Cres
    • Hawkden Drive
    • Jeffs Rd North
    • Kaituni Drive
    • Kourau Place
    • LeBurn Cres
    • Madival Avenue
    • Manchester Drive
    • Manning Rise
    • Mazuran Place
    • Mebis Way
    • Melness Place
    • Mission Heights Drive
    • Muirlea Drive
    • Norwood Drive
    • Packspur Drive
    • Parts of Jeffs Road
    • Sendemeer Place
    • Seresin Cres
    • Sileni Place
    • Soljans Place
    • Solstone Place
    • Vidal Way
    • Vin Alto Drive
    • Woolaston Place
  • Parts of Ryan Place, Manukau City
  • Bolderwood Place, Manukau City
  • Athy Place, Manukau City
  • Kauri Landing, Takanini including:
    • Kapowai Boulevard
    • Wharetua Avenue
    • Harore Road
    • Mokopapa Street
    • Katipo Road
    • Kuaka Drive
    • Kutukutu Street
  • Popokatea Drive, Takanini
  • Parts of Tarapiroe Ave, Takanini
  • Puweto Ave Takanini
  • Tawaki Ave Takanini
  • Compass Point Way, Pigeon Mountain, Half Moon Bay
  • Fonteyn Village, Avondale

Check with your electricity retailer or the property manager to see if your power bill includes Vector lines charges.

Yes: The dividend is paid to the person/s named on the power bill

No: The dividend is paid to the person/s named on the power bill. If your name was not on the power bill on the roll date (9 August 2023), you are not eligible for the dividend. The person or organisation (such as a body corporate, letting agency or landlord) named on the power bill will have received the dividend. This includes rental agencies such as:

IMPRESSION REAL ESTATE
AUCKLAND CITY LIVING MANAGEMENT
MC RENTALS
DC ARDERN COLLECTIVE
ELECTRICITY DIRECT (SMART POWER)
CITY POWER
ER MEILI
SUPERCITY POWER
STAR BNB
ONE CITI PROPERTY MANAGEMENT

This may include apartments in buildings such as:

ZEST APARTMENTS
VOLT APARTMENTS
ECLIPSE APARTMENTS
THE FEDERAL CITY APARTMENTS
HARVARD ON HOBSON APARTMENTS
C-VU APARTMENTS
HARBOUR GREEN APARTMENTS
ST PAUL APARTMENTS
32 EDEN CRESCENT
ALTITUDE APARTMENTS
SCOTIA TOWER
508 QUEEN ST
22 BERESFORD SQUARE
CONNAUGHT
AVOKA BUILDING
METRO CITY
ARGENT HALL
WERI APARTMENTS
COUNTRY CLUB APARTMENTS LTD / QUEST ON MOUNT
ELLIOTT STREET APARTMENTS
HARBOUR CITY APARTMENTS
WHITAKER APARTMENTS
CITIZEN APARTMENTS

Please note that the dividend IS paid to customers in these buildings who do have power bills in their own name from electricity retailers such as Contact, Electric Kiwi, Frank Energy, Genesis, Mercury, Meridian, Powershop or Pulse.

But if your electricity is included in your rent or management costs you may not be eligible and the person or organisation who pays the power bill for you may receive the dividend.

Check with the person or organisation that pays the power bill for you.

Yes: If you moved outside the Entrust District any time before 9 August 2023, you won't be eligible for the dividend. The Trust Deed that governs payment of the dividend does not allow for part payments or pro rata payments of the dividend, even if you were in the Entrust District for most of the year. You have to be in the District on the roll day.

If you were in the Entrust District on 9 August 2023 but moved since then, the dividend may have gone to your old address. Please check the mail with the people at your old address.

If you recently moved into (or within) the Entrust District and had a power bill in your name on 9 August 2023 for your new address, you should be eligible for the dividend. First, check that you do have a power bill that covers 9 August 2023 for your new address inside the Entrust District. If you weren't paying a power bill in the Entrust District at that date, you won't be eligible.

No: If you haven't moved, and the power bill was in your name on 9 August 2023 and you're a customer on the Vector electricity network, you should have received the dividend. Check if someone else at your address has seen the dividend or the email or the leaflet that came with it, which looks like this.

If you are eligible for the dividend but haven’t received it, please call us for more help on Freephone 0800 4 ENTRUST (0800 436 878).

 

Entrust beneficiaries

There are two types of Entrust beneficiaries: income beneficiaries and capital beneficiaries.

1. Entrust income beneficiaries

People and organisations that receive an Entrust dividend are called income beneficiaries, because they benefit from Entrust’s majority shareholding in Vector by receiving a dividend (that’s the income).

Entrust income beneficiaries are made up of Vector Electricity customers in the Entrust District which covers central, east and south Auckland. It is the areas of Auckland, Manukau, northern Papakura and eastern Franklin (in the old AEPB area). Entrust has more than 359,000 income beneficiaries, making it the largest consumer trust in New Zealand.

2. Entrust capital beneficiaries

Entrust capital beneficiaries don’t receive a dividend, but will become the owners of the Entrust’s assets when the Entrust is wound up in 2073 (this was part of the Trust Deed that established the Entrust). The capital beneficiaries will be the local authority or authorities that exist in the Entrust District in 2073.

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