About Public Trust
Public Trust is a Crown Entity whose independence is guaranteed
under the Public Trust Act 2001.
Established in 1873 to provide independent and reliable trustee
services, today Public Trust has 492 staff operating from 30
customer centres and a number of part time offices looking after
the interests of 268,000 New Zealanders.
Public Trust is the custodian for the TPS tax pool
and it's key responsibilities are to:
- Maintain and operate trust accounts in which all client funds
will be held. They have sole control over the trust accounts,
to the exclusion of TPS.
- Ensure that funds are released and deposits transferred when
corresponding monies have been received and/or appropriate
documents have been completed by TPS and/or the client.
Public Trust maintains the TPS' tax pooling records
on its own internal systems. These systems are subject to internal
and external review. Balances in TPS' systems are loaded
from, and reconciled to, the Public
Trust's systems on a daily basis.
Public
Trust home page