The verbal submissions were made to a table of TECT trustees at the Historic Village in central Tauranga. Photo / George Novak
The verbal submissions were made to a table of TECT trustees at the Historic Village in central Tauranga. Photo / George Novak
Yesterday was the last official day for verbal submissions on the proposal to phase out TECT cheques.
Over the past three days members of the public got up one by one to voice their concerns, opinions and recommendations to a table of TECT trustees at the Historic Village in centralTauranga.
If needed, there will be an additional day of verbal submissions on Monday from 10am-4pm.
The current TECT trustees want to phase out TECT cheques, starting with a one-off $2500 cheque this year plus five more annual cheques of $360 each.
The trustees have proposed putting all the annual returns from its Trustpower shares and other investments into the TECT Charitable Trust that was set up in 2002 to ensure the share of the money paid to community organisations was not taxed.
