Licensing Trust (New Zealand)

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A Licensing Trust under New Zealand law is a community-owned company with a monopoly on the development of premises licensed for the sale of alcoholic beverages and associated accommodation in an area.

At regular elections the community in the area votes as to whether to control liquor sales in their area by such a trust. The Invercargill Licensing Trust (ILT) was the first such body, and remains the highest profile example. Most other trusts have been small by comparison, but several have now created a jointly-owned management company, Trust House Limited, and the assets and payouts of this are very similar to that of the ILT.

[edit] References

Pubs, Pints and People: 50 Years of the Invercargill Licensing Trust, Clive Lind, (Invercargill, 1994)
Progress in Retrospect: A History of the Mataura Licensing Trust from 1955 to 1965, John F. McArthur, (Gore, 1966)
Licensing Trust Development in NZ, John F. McArthur, (Gore, 1967)
History of the Invercargill Licensing Trust (Invercargill, 1955)