Who receives an AECT dividend?AECT income beneficiaries receive the dividend. People and organisations that receive an AECT dividend are called income beneficiaries, because they benefit from the AECT’s Vector shareholding by receiving a dividend (that’s the income). AECT income beneficiaries are made up of Vector Electricity customers in the Trust District Auckland, Manukau and northern Papakura (the old AEPB area). The AECT has more than 305,000 income beneficiaries, making it the largest consumer trust in New Zealand. Your choice of electricity retailer doesn’t affect your dividend.
Your AECT dividend is paid if you are a Vector Electricity customer living in the AECT area on the dividend date. Vector is a lines company, not an electricity retailer. So whichever electricity retailer you choose, you are probably still a Vector Electricity customer, since your power is supplied by the Vector network. (Electricity retailers in the Trust area include Mercury Energy, Contact Energy, Energy Online, Bosco, Auckland Gas, BOLC, Genesis, Meridian and Trustpower.) If your name is on the electricity bill, you’re the beneficiary A Vector Electricity customer is the person or organisation with their name on the power bill at the dividend date. So even if you’re renting a house, flat or commercial building, if you pay your own power bill you’ll usually be the one to receive the dividend – not the landlord. The eligibility date – helping us decide who qualifies each year
To receive a dividend, you need to have had a power account inside the Trust area on the eligibility date. (This date is not made public until after it passes.)作者: sammy1112 时间: 2010-9-18 10:50:42
How much is your dividend?
The 2010 AECT dividend payment is $320 for everyone who was an AECT income beneficiary on 8 August 2010. Payment was made on 17 September 2010.
You are an AECT income beneficiary if you pay Vector Electricity lines charges (these are included in your power bill) residing in the Trust disctrict which is Auckland, Manukau and the northern parts of Papakura. The dividend is paid to AECT beneficiaries regardless of who their electricity retailer is. The customer is the person whose name is on the power bill sent by your electricity retailer. In the case of rental properties, this is usually the tenant rather than the owner of the building.
Are you in line for a dividend? Find out here.
Any questions? Click here.
Dividend history
Since it was formed in 1993 the AECT has distributed more than $890 million in dividends back to the community.
Dividend payments to each beneficiary in recent years have been: