Rethink on charitable trust plan - The Nelson Mail - The Nelson Mail

Rethink on charitable trust plan - The Nelson Mail - The Nelson Mail: "After public pressure Network Tasman Trust is to rethink its plan to set up a charitable trust worth millions of dollars.

At a public meeting on Friday the trust decided to consult more widely on a move to change its trust deed through the High Court after hearing from several submitters who were concerned the public had not been consulted enough on the trust's proposal.

The trust wants to establish a charitable trust fund with $14 million of investments and make up to $500,000 interest on the capital available to charitable organisations."