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Dominion Post

Liberty Trust –
Resurrected as Charity by High Court ruling

The High Court has reinstated a Christian mortgage lending scheme as a charity after it was struck off the Register of Charities by the Charities Commission last April. Liberty Trust, suspected by the Charities Commission of being an illegal pyramid scheme, said its interest-free loans, largely funded by donations, were based on Bible principles. The trust was launched in Whakatane in 1989 and became a registered charity in 2007. “It is a scheme about giving in order to lead a Christian life free from the burdens of debt.” Justice Jill Mallon said.

Source: Dominion Post June 8, 2011, P. A3

[Liberty Trust: Charity registration number CC11287. Registered trust with the Companies Office (Reg. No. 428355)].