Invercargill Licensing Trust
- Invercargill Licensing Trust
The Invercargill Licensing Trust is a Licensing Trust in the city of Invercargill, 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. Along with its Charitable Trust and Sports Foundation it provides donations and sponsorships of approximately $3 million annually to nearly 500 organisations.
Among the contributions they have made to the community the ILT have donated a large sum to the Southern Institute of Technology. In return the Southern Institute of Technology give many of their first year students a free day on Fridays so that they may make use of the ILT's Thursday night student drink specials without endangering their studies. Fact|date=April 2008
ILT Foundation
The Invercargill Licensing Trust and the ILT Foundation are major funders of community projects in Invercargill. The ILT Foundation provide donations and grants totalling around $10 million a year to over 500 organisations.
These range from “big ticket” developments such as Stadium Southland and the ILT Velodrome, to helping grass-roots projects such as supplying interactive electronic whiteboards for local schools or a new Learner’s swimming pool at Splash Palace.
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.
References
* History of the Invercargill Licensing Trust (Invercargill, 1955)
* Pubs, Pints and People: 50 Years of the Invercargill Licensing Trust, Clive Lind, (Invercargill, 1994)
External links
* [http://www.iltsurvey.co.nz Unofficial Survey of Invercargill Licensing Trust operations by the People of Invercargill]
* [http://www.ilt.co.nz Invercargill Licensing Trust website]
* [http://www.justice.govt.nz/pubs/reports/1997/liquor/licensing.html Background information on Licensing Trusts] (outdated)
Wikimedia Foundation.
2010.
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