Eligibility Details

What is the Entrust District?

The Entrust District includes central, east, and south Auckland.

How do I know if I’ll get the dividend?

You need to meet three conditions to be eligible for the Entrust dividend:

being in the Entrust District on the roll date AND
paying Vector electricity lines charges as part of your power bill AND
being the person named on the power bill.

How do I know if I am paying Vector line charges?

They are included in your power bill. Generally this includes all properties in the Entrust district but there are some exceptions:

Some apartment buildings and subdivisions have their own electricity network
Some people pay a third party for their power.

Do I need to let you know if I move and will I still be eligible for the dividend?

If you have moved to an address in the Entrust District and the power account at your new address is in your name and you are still paying Vector electricity line charges, you will continue to receive the dividend.

You don’t need to let us know if you’ve moved. Our records will be updated when your electricity retailer sends us the roll for the dividend later this year.

If we cannot match your details, we will send you a notification at dividend time. You will need to provide your bank account details then so we can then pay you the dividend by direct credit to your bank account.

If you have moved out of the Entrust District you will no longer be eligible to receive the dividend.

Under the Trust Deed, there is no provision for part or pro rata payments so if you leave the Entrust District before the roll date, you won't receive any part dividend payment.

As long as I got sent payment details to check or update, does that mean I will definitely get the dividend?

You will, provided you are still an eligible beneficiary when the actual dividend roll is struck later in the year. If you move out of the Entrust District or are no longer paying the power bill at that time, you will no longer be eligible.

I live in the Entrust district and my name is on the power bill but I didn’t receive any payment details to check or update for the dividend. Am I eligible?

A couple of things to consider:

If you have recently moved in, your name might not have been included in time to receive the payment details to check or update. The roll for this mailing was taken at midnight on Wednesday 13 May. The roll will be updated again before the dividend is paid, and you will be sent payment details at dividend time. You might not be eligible because you must be paying Vector electricity line charges to receive the dividend. Vector electricity lines charges are usually included in the power bill you receive from your electricity retailer. It doesn’t matter which electricity retailer you use. But some new residential or commercial developments and some apartment buildings have their own network and do not use the Vector electricity network. People in these places are not customers on the Vector electricity network and are not eligible for the dividend.

Places that are not connected to the Vector electricity network include:

Metropolis Building, Kitchener Street

Princes Wharf Apartments

Q City Apartments, 15 City Rd

The Docks, 6 Dockside Lane

Parts of:

Wattle Downs

Pigeon Mountain

Dannemora

Flat Bush

Kauri Landing, Takanini.

Bolderwood Place, Manukau City

Athy Place, Manukau City

Popokatea Drive

Parts of Ryan Place, Manukau City

Parts of Tarapiroe Ave, Takanini

Puweto Ave Takanini

Tawaki Ave Takanini

Compass Point Way, Pigeon Mountain, Half Moon Bay

Fonteyn Village, Avondale

Westfield Shopping Malls at St Lukes; Customs St West (Downtown), Broadway, Pakuranga, Manukau City.

Auckland International Airport

AMP NZ Property Retail Ltd: Botany Downs shopping centre

MacQuarrie Goodman Property Group: Penrose business park, Great South Road

You are not eligible if the Vector charges on your power account are paid by a third party such as your body corporate, your landlord or an agent who handles various utilities such as internet / water / electricity. This agent holds the actual power bill with the electricity retailer so they are the ones eligible for the dividend. They just pass the charges onto you, but they are NOT an electricity retailer. You may be able to change this by arranging to have your own power bill with your own choice of electricity retailer.

If I switch retailers between now and the dividend, will I still get the dividend?

Yes. But here’s important information:

If you’re currently getting the dividend paid direct to your bank account, make sure you keep ALL your customer details exactly the same when you switch. That way we will still be able to match up your dividend payment details with the new customer details your new electricity retailer sends us when we are preparing the dividend.

If we can’t match the details, we will send you a notification at dividend time. You will need to provide your bank account details then so we can then pay you the dividend.

Note that we can’t always match the details if things change like this:

You previously had the power account in two names, but it is only in one name with your new retailer. Or vice versa.
You changed your name.
The spelling of your name is different at the new retailer (even if it is a spelling mistake).
Your previous retailer had your name in full, your new retailers just has your initials. Or vice versa.

These changes mean we can't always be sure we will be paying the right person if we pay a direct credit to the old name. So, if we can't be sure, we will send you a dividend notification and get the right information before paying the dividend.

If someone else pays my power bill do I get the dividend?

No, the dividend is paid to the person/s named on the power bill. If your power charges are included in your rent and paid by your landlord or body corporate, they receive the dividend.

This includes agencies such as:

IMPRESSION REAL ESTATE
CITY POWER
AUCKLAND CITY LIVING MANAGEMENT
MC RENTALS
DC ARDERN COLLECTIVE
ELECTRICITY DIRECT (SMART POWER)
STAR BNB
ONE CITI PROPRETY MANAGEMENT

This may include apartments in buildings such as:

ZEST APARTMENTS

VOLT APARTMENTS

ECLIPSE APARTMENTS

THE FEDERAL CITY APARTMENTS

HARVARD ON HOBSON APARTMENTS

C-VU APARTMENTS

HARBOUR GREEN APARTMENTS

ST PAUL APARTMENTS

32 EDEN CRESCENT

ALTITUDE APARTMENTS

SCOTIA TOWER

508 QUEEN ST

22 BERESFORD SQUARE

CONNAUGHT

AVOKA BUILDING

METRO CITY

ARGENT HALL

WERI APARTMENTS

COUNTRY CLUB APARTMENTS LTD / QUEST ON MOUNT

ELLIOTT STREET APARTMENTS

HARBOUR CITY APARTMENTS

WHITAKER APARTMENTS

CITIZEN APARTMENTS

Please note that the dividend IS paid to customers in these buildings who do have power bills in their own name from electricity retailers such as Contact, Electric Kiwi, Frank Energy, Genesis, Mercury, Meridian, Powershop, or Pulse.

But if your electricity is included in your rent or management costs you may not be eligible and the person or organisation who pays the power bill for you may receive the dividend.

Check with the person or organisation that pays the power bill for you.

Eligibility Details

In this section