The announcement by Trustpower in January 2021 that it was selling its retail arm required TECT to restructure and amend its Consumer Trust Deed to reflect this significant change. The restructure of TECT was completed on 23 February 2022 and future-proofed the rebates for eligible Beneficiaries. The rebates will be distributed by the TECT Consumer Trust until 2050, when the trust will wind up.
Read more about the 2021 restructure of TECT here (add link to restructure page)
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