Are you eligible for the Entrust dividend? Not sure if you should have received the Entrust dividend? There are 3 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 2019 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 (7 August 2019) AND
paying Vector electricity lines charges as part of your power bill AND
being the person named on the power bill
The following information applies to 2019 dividend.
Yes: If you were in the Entrust District on the roll date (7 August 2019) you should be eligible for the dividend so long as you meet the other conditions.
No: The roll date for eligible beneficiaries was 7 August 2019. 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:
Metropolis Apartments
Princes Wharf Apartments
Q City 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
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 (7 August 2019), 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
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 BOSCO, Contact, Energy Online, Genesis, Mercury, Meridian, Powershop, Pulse or TrustPower.
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 7 August, 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 7 August 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 7 August for your new address, you should be eligible for the dividend. First, check that you do have a power bill that covers 7 August 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 7 August 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 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 0508 ENTRUST (0508 368 7878).
Entrust beneficiaries
There are two types of Entrust beneficiaries: income beneficiaries and capital beneficiaries.
1. Entrust income beneficiaries
Are you in line for a dividend? Find out below.
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 is Auckland, Manukau, northern Papakura and eastern Franklin (the old AEPB area). Entrust has more than 336,000 income beneficiaries, making it the largest consumer trust in New Zealand.
Check this map to see if your home or business is inside the Entrust area.
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.
