Invercargill Licensing Trust

The Invercargill Licensing Trust is a licensing trust in the city of Invercargill in New Zealand. It has a monopoly on the development of premises licensed for the sale of alcoholic beverages, and associated accommodation in the city; and uses the profits from these to fund school, sports and cultural groups, and welfare bodies.[1][2][3]

History

The concept of licensing trusts in New Zealand was first introduced by the Invercargill Licensing Trust Act 1944, and was developed by the recommendations of the Report of the Royal Commission on Licensing 1946.

Donations and grants

In 2015 the Invercargill Licensing Trust provided donations and grants totalling around $4 million to a wide range of organisations.[1] A further $4 million in donations and grants was made by the ILT Foundation, which owns and operates all the gaming machines in ILT establishments.[1][4]

References

  1. 1 2 3 "Annual Report: 2015, ILT
  2. ↑ "Licensed for success"
  3. ↑ "Trust worthy"
  4. ↑ "Where the money slots in", 15/08/2013, Nicola Fallow, The Southland Times
  • History of the Invercargill Licensing Trust (Invercargill, 1955)
  • Clive Lind, Pubs, Pints and People: 50 Years of the Invercargill Licensing Trust, 1994 Invercargill

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.