Simply because the Trust Deed requires a poll. The Trust Deed was formed in the early 1990s when the Trust’s Company had several large hydro generation plants, including Wairere and Mokauiti. The plants were key legacy assets at the formation time of WESCT, and the community wanted to protect their ownership. However, government regulation changes during the 1990s meant the Company owned by WESCT could not continue to hold those assets.
TLC subsequently purchased the existing and small run-of-river hydro plants at Mangapēhi, Te Anga and Matawai in the early 2000s.
The Trust Deed was never updated to reflect this change; therefore, these are not the original generation assets the community wanted to protect ownership of, and a poll regarding their potential sale is still required.