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Your Voice. Our Direction.
We are interested in the range of views from across our community to inform the following changes to the Trust Deed to clarify our Election Processes.
Please use the form below to provide your comments on the proposed changes to the Trust Deed or attend an upcoming drop-in session to find out more and talk with Trustees and key Network Waitaki personnel:
Oamaru Library, 62 Thames St, Oamaru 9400
Saturday 30 November 2024
10am - 12.15pm
The material changes we wish to make are:
1. Adding a definition to the Trust Deed:
“Connected to the distribution network of the Company” means connected and identified by an Installation Control Point (ICP) connected to the network of the Company.
2. Changing a definition to the Trust Deed:
1.1(g) “Consumers” means that person or persons, (including but not by way of limitation bodies corporate) who are connected to the distribution network of the Company within the District and are responsible as the end customers for the payment of line charges; for the avoidance of doubt persons who are jointly responsible as end customers for the payment of line charges shall be treated as one Consumer.
Why the changes are being proposed:
Advice the Trust has received from the election management advisor is that these changes will simplify the eligibility criteria for voters, avoiding potential disputes around eligibility and removing potential for double voting.
3. Change the Ownership Review to being undertaken every 10 years:
4.11 The Trustees shall conduct successive reviews in accordance with clause 4 until the Termination Date as to whether any or all of the shares of the Company are retained by the Trustees. A review shall be conducted at ten yearly intervals.
4.11(a) delete
4.11(b) delete
Why the change is being proposed:
The change clarifies the ownership review would be required to be held at 10-yearly intervals, removing the option of a 5-yearly review.
The Trust believes a long-term view is prudent given the investments made in the network and the returns to the community are long-term. We see the change fostering long-term stability, reducing administrative costs, and aligning with the long lifecycle of power infrastructure projects.
4. Rewording a clause:
Schedule 1
2.6(a) No Consumers shall be entitled to vote more than once in any election.
Why the change is being proposed:
We will be using this opportunity to make other minor ‘immaterial’ changes to the Trust Deed.