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A licensing trust under New Zealand law is a community-owned company with a monopoly on the development of premises licensed for the sale of alcoholic beverages and associated accommodation in an area. At regular elections the community in the area votes as to whether to control liquor sales in their area by such a trust. The Invercargill Licensing Trust (ILT) in 1944 was the first such body, and remains the highest profile example. Most other trusts have been small by comparison, but several have now created a jointly-owned management company, (Trust House Limited ), and the assets and payouts of this are very similar to that of the ILT. The uniqueness of licensing trusts revolves around: * A responsibility to enhance the well-being of their defined community; * The distribution of (surplus) profits back to their communities; * The provision of good, ‘model’ facilities for the sale of alcohol, the provision of accommodation and meals, and gaming;〔Some trusts have broadened their business interests from the original alcohol-related activities. Supermarkets, housing, energy generation and property landlords are some of the ‘modern’ businesses. Gaming, a ‘sensitive’ product like alcohol, was added in the early 1990s. Sensitive in this sense means a service that should be provided with controls.〕 * Accountability to the communities who own them. In addition, there is an inherent responsibility to efficiently operate commercial businesses profitably. Licensing trusts belong to the family of community enterprises that are part of the third sector,〔The market economy, non-market economy where the principle of redistribution is governed by the welfare state, and the civil and solidarity-based economy are generally regarded as the three sectors. The latter has a number of names: the civil society, the non-profit sector, the social/solidarity based economy…〕 a hybrid form of organisation that crosses over sectors, a mixture of market orientation and solidarity (community support). They may be defined as businesses whose primary goals are to support the well-being of their community principally through reinvesting profits generated from their trading activities either in the business and/or in support of community activities, rather than being driven to maximise profits. ==History== 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Licensing trust」の詳細全文を読む スポンサード リンク
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