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Statement of Trust Money
for the year ended 30 June 2017

Trust money is defined by section 66 of the Public Finance Act 1989 as:

  • Money that is deposited with the Crown pending the completion of a transaction or dispute and which may become repayable to the depositor or payable to the Crown or any other person.
  • All money that is paid into Court for possible repayment to the payee or a third party, by virtue of any Act, rule or authority whatsoever.
  • All money that is paid to the Crown in trust for any purpose.
  • Money that belongs to or is due to any person and is collected by the Crown pursuant to any agreement between the Crown and that person.
  • Unclaimed money that is due to or belongs to any person and is deposited with the Crown.

Trust money exists only where there is a trustee/beneficiary relationship. Money set aside by the Crown or department for a particular purpose will normally not be trust money as there is no directly identifiable beneficiary who has deposited the money with the Crown.

Trust money held by the Crown is managed separately from public money.

Under the Act, the Treasury has the responsibility to manage and invest trust money. The Treasury may appoint agents (including departments) to act on its behalf. Written Notices of Appointment to Manage and Invest Trust Money are issued in these cases. Section 68 of the Act establishes the constraints on the investment of trust money.

Statement of Trust Money
for the year ended 30 June 2017
Department
Trust Account
As at
30 June
2016
$000
 Contributions
$000
 Distributions
$000
 Revenue
$000
Expenses
$000
As at
30 June
2017
$000

Department of Conservation

           
Bonds/Deposits Trust 6,786 170 (405)  187  - 6,738
Conservation Project Trust 1,064 744 (500)  19  - 1,327
National Parks Trust  145 37  (7)  1  -  176
Walkways Trust 11 -  - -  - 11
Wildlife and Reserves Trusts1  - -  - -  -  -

Department of Corrections

           
Prisons Trust 1,438 16,709 (16,431) -  - 1,716
Crown Law Office            
Legal Claims Trust  545 616  (1,107)  9 (9) 54

Ministry of Business, Innovation and Employment

           
Coal and Minerals Deposits Trust 62 286 (25) - (32)  291
Criminal Assets Management and Enforcement Regulators Association Trust 21  1  - - (6) 16
Employment Relations Service Trust  322 611 (372)  7  (112)  456
Employment Relations Act Security of Costs Trust 46 63 (65) - (40) 4
New Zealand Immigration Service Trust 1,252 118 (303)  22  - 1,089
Official Assignee's Office Trust 23,253 28,659 (16,771)  689 (11,147) 24,683
Patent Co-operation Treaty Fees Trust  121 921 (894) - (41)  107
Petroleum Deposits Trust 81 15  - -  - 96
Proceeds of Crime Trust 64,317 137,904 (57,467)  1,696 (11,147)  135,303
Radio Frequencies Tender Trust  219 -  -  68  (287)  -
Residential Tenancies Bond Trust  467,665 239,932 (198,500)  20,629 (20,629)  509,097
Weathertight Services Financial Assistance Trust  -  7,884  (7,884) -  -  -

Ministry for Culture and Heritage

           
Dictionary of New Zealand Biography Trust 15 -  -  1  - 16
New Zealand Historical Atlas Trust  152 -  -  8  -  160
New Zealand History Research Trust 1,421 - (49)  40  - 1,412
New Zealand Oral History Awards Trust  880 10 (132)  30 (4)  784
War History Trust 99 -  -  3  -  102
National War Memorial Trust 8 -  - -  - 8

New Zealand Customs Services

           
Customs Regional Deposit/Bonds Trust No.1, No.2 & No.3 22,101 78,250 (11,300) -  - 89,051
Health Promotion Agency Trust 3  993 13,488 (13,493) -  -  988
Heavy Engineering Research Association Trust  139  1,933  (1,885) -  -  187

New Zealand Customs Service IBM

 
MSA Trust 37,041 108 (37,149) -  -  -
New Zealand Customs Service Multiple Deposit Scheme Release Trust  197 11,434 (11,149) -  -  482

New Zealand Customs Service Multiple

 
Deposit Scheme Suspense Trust 6 78,734 (78,738) -  - 2
Statement of Trust Money (continued)
for the year ended 30 June 2017
Department
 Trust Account
As at
30 June
2016
$000
 Contributions
$000
 Distributions
$000
 Revenue
$000
Expenses
$000
As at
30 June
2017
$000

Ministry of Education

 
Code of Practice for Providers who Enrol International Students Trust 7,111  4,754  (5,780)  128 (83) 6,130
Conferences Trust 2 -  - (2)  -  -

Ngārimu VC and 28th (Māori) Battalion

 
Memorial Scholarship Fund Board Trust  -  1,564 (257)  55 (92) 1,270
Capital Works Construction Funds 2  - -  - -  -  -

Ministry of Foreign Affairs and Trade

 
Afghanistan New Zealand Aid Programme Trust 3 -  -  1  - 4
Cook Island Trust  231  1,645  (1,801)  21 (95) 1
Government Administration Building, Niue Trust 65 - (14)  1  - 52
New Zealand/France Friendship Trust 36 180 (160)  1 (12) 45
Niue Primary School Infrastructure Project Trust  411 - (86)  7  -  332
Kiribati Green Climate Fund Readiness Support Programme Trust 2  - -  - -  -  -
Niue Development Assistance Trust 2,864  1,439  -  75  - 4,378
Ministry of Health  
District Health Boards Deposit Trust  924  7,682,773  (7,682,768) -  465 1,394
Medicines Review Objectors Deposit Trust 1  - -  - -  -  -

Inland Revenue Department

 
Child Support Agency Trust 11,715 294,432 (273,708) -  - 32,439
KiwiSaver Returned Transactions Trust 44  2,948  - -  - 2,992
KiwiSaver Employer Trust1  - -  - -  -  -
Reciprocal Child Support Agreement Trust  439 13,938 (13,878) -  -  499
Department of Internal Affairs  
Christchurch Earthquake Appeal Trust 2,378  1,117 (218)  1,082 (2,575) 1,784
Interloan Billing System Trust 43 -  -  599  (600) 42
Macklin Bequest Fund Trust  293 -  -  9 (12)  290
New Zealand 1990 Scholarship Trust1  - -  - -  -  -

Ministry of Justice

 
Courts Law Trust 10,335 13,743 (12,865) -  - 11,213
Election Candidates Deposit Trust1  - -  - -  -  -
Employment Court Trust  269 195 (344) -  -  120
Fines Trust 41,096 207,463 (203,086) -  - 45,473
Foreign Currency Euro Fund Trust1  - -  - -  -  -
Foreign Currency United States Dollar Trust1  - -  - -  -  -
Legal Complaints Review Officer Trust1  - -  - -  -  -
Maori Land Court Trust 45  3  - -  - 48
Supreme Court Trust 94 200 (107) -  -  187
Victims' Claims Trust 66 19 (69) -  - 16
Statement of Trust Money (continued)
for the year ended 30 June 2017
Department
 Trust Account
As at
30 June
2016
$000
 Contributions
$000
 Distributions
$000
 Revenue
$000
Expenses
$000
As at
30 June
2017
$000

Land Information New Zealand

 
Crown Forestry Licences Trust 72  5,539  (5,513) -  - 98
Deposits Trust1  - -  - -  -  -
Endowment Rentals Trust 1 170 (166) -  - 5
Hunter Gift for the Settlement of Discharged Soldiers Trust 57 -  - -  - 57

New Zealand Police

 
Bequests, Donations and Appeals Trust  -  5  - -  - 5
Found Money Trust  135 470 (429) -  -  176
Money in Custody Trust 11,930 10,478 (11,075) -  - 11,333
Reparation Trust 5 22 (27) -  -  -
Money forfeited to Crown  - 553  - -  -  553

Ministry for Primary Industries

 
MAF Overfishing Account Trust 7,327  3,180  (3,675) -  (188) 6,644
MAF Fish Forfeit Property Trust 1,254 92 (39)  24  - 1,331
Meat Board Levies Trust 4 68,625 (68,621) -  - 8
National Animal Identification Tracing Trust 4  2,624  (2,621) -  - 7
Seized Timber Trust 10 - (10) -  -  -

Ministry of Social Development

 
Australian Dollar Embargoed Arrears Trust  479  6,747  (6,696)  6  -  536
Australian Recovery Debt Trust 2  5  (7) -  -  -
Maintenance Trust 23 388 (392)  3  - 22
Netherlands Recovery Debt Trust 4 86 (79) -  - 11
Overseas Debt Recovery Trust1  - -  - -  -  -
CYF Custody Trust Account  - -  -  6  - 6
WR Wallace Trust  419 - (37)  93  -  475

The Treasury

 
Genesis Share Offer Trust 20 -  - - (19) 1
Meridian Share Offer Trust 9 -  - - (8) 1
Mighty River Share Offer Trust 1 -  - -  - 1
Trustee Act 1956 Trust 9,362  2,467  (3,353)  126  (123) 8,479
Total  739,982  8,946,491  (8,752,507)  25,644 (46,796)  912,814
  1. Inoperative trust account
  2. New trust account
  3. Name changes
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