NPDC is promoting the New Plymouth District Council (Perpetual Investment Fund) Bill to Parliament. Status: Live
Parliament passed the Bill on 28 June 2023 and the Governor-General give it Royal Assent on 6 July 2023.
It is now the New Plymouth District Council (Perpetual Investment Fund) Act.
The Perpetual Investment Fund (PIF) helps to offset rates for our residents. The Act ring-fences benefits from the PIF for people living within the present district boundary.
It also requires 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.
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Page last updated: 04:47PM Fri 07 July 2023