We’re considering a draft Parliamentary Bill that would protect the district’s $346million nest egg for future generations of residents, but what you think?
The legislation that would ring-fence benefits from the Perpetual Investment Fund (PIF) for people living within the current district boundary.
The law would also require Councillors to consider the long-term nature of the PIF when they make decisions and would stand alongside the existing protections to ensure it keeps paying out for residents.
Your feedback on the draft law will help us decide whether to put the draft Bill, with any possible changes, to Parliament.
Consultation closed 5pm 17th June 2022.
Read our consultation document
Read a full copy of the draft Bill
Read the detailed background paper
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Page last updated: 09:01PM Sun 30 October 2022