Each year TECT Trustees set an Annual Distribution Plan for the following financial year (beginning 1st April).
The Draft Annual Distribution Plan was published for feedback in February 2020, and after consideration of the feedback received, TECT Trustees confirmed the plan. The plan outlines the intended allocation & eligibility for the TECT rebates as well as the allocation for the TECT Grants Programme, including the individual fund allocations.
The confirmed Annual Distribution Plan for the year ending 31 March 2021 is:
Rebates | $31,000,000 |
Community Development Fund | $4,000,000 |
Community Events Fund | $1,000,000 |
Community Amenities Fund | $2,600,000 |
Iconic Projects Fund | $1,000,000 |
Catalyst for Change | $400,000 |
TOTAL | $40,000,000 |