Has TSB Trust broken rules?

Letter of the Day

Last updated 07:37 28/11/2012

Relevant offers

May I, through your newspaper, ask the TSB Community Trust to explain how it has managed to exceed its applicant eligibility criteria, in making any grants for the Len Lye Centre.

OPINION: Firstly, applicants for grants must bank predominantly or solely with the TSB Bank. In the case of the New Plymouth District Council we know that is not true, so it should not have been eligible for any grant.

Secondly, only one grant will be approved per applicant. Simply by underwriting the $1.3 million the TSB Community Trust is admitting the possibility of providing a second grant for a project.

The governing body must be the applicant. If the NPDC did make an application (which I doubt), it must have lied on it. If it didn't make an application, how did it get the original $1 million? Funding for facilities will be considered if evidence is produced that the facility has significant community use.

Because the Govett-Brewster Art Gallery does not have an auditable attendance log, as it refuses to charge for entry, no such evidence is available.

We were originally told that the Len Lye Foundation (LLF) would raise the funds, build the centre and then donate it to the city. Somehow, that has now become the NPDC raises the money, builds the building and then donates it to itself to run.

Even if the LLF applied for the grants, it is unlikely that it banks with the TSB, as five of eight members are not even locals, and one is a ring-in. If the TSB Community Trust has exceeded its own rules, it should withdraw both grant offers immediately and allow real TSB Bank applicants access to local money.

I am a lifelong TSB Bank customer.


New Plymouth

Ad Feedback

- Taranaki Daily News


Special offers
Opinion poll

Was the weekend's rain welcome relief for your garden/farm?

Not at all - need far more

Sort of, plants/crops got a reasonable drenching

Yes - everything is looking fresh again

Wish the rain would stay away till May

Vote Result

Related story: Yesterday's drizzle no drought breaker for Wellington, Hawke's Bay

Featured Promotions

Sponsored Content

TDN rachel stewart

Riding Shotgun

with Rachel Stewart

Matt Rilkoff's perspective of comtempory life

The Rilkoff Files

Matt Rilkoff's perspective of contemporary life

tdn kathryn collumn

Under the Sky Tower

With Kathryn Calvert

Gordon Burnside

Gordon Burnside

The self-confessed bard of Brixton, offers views on life, politics and Akubra hats.

TDN The Weekend

The Weekend

with Glenn McLean