261:
supplies cut off to the Todd garages because the petrol companies were setting up their own tied garages selling only their own petroleum products. Bryan Todd decided expanding world sources had created an opportunity for a fourth company to market petroleum products in New
Zealand. In August 1931 the Associated Motorists' Petrol Company (AMPCO) was formed with the support of automobile clubs with his father Charles Todd as chairman. AMPCO marketed its products under the name "Europa Oil". By March 1933 bulk terminals had been built, a national retail network established and
327:(at that time New Zealand's highest court) which decided in Inland Revenue's favour (in a split 3-2 decision). In 1971, on the basis of the Privy Council decision, the Inland Revenue claimed the extra tax and accrued penalties in respect of the tax years 1959-1965 (a total of $ NZ6,714,829.34) which was paid and claimed for the tax years 1966-1971 (the latter years were not part of the case). Europa objected in respect of the years 1966–1971.
316:(Inland Revenue Department) ruled that the arrangements amounted to a discount off the posted price Europa paid for its supplies from Gulf. Its taxable profit was therefore correspondingly greater than had been declared by Europa, and its taxable income was therefore increased accordingly for all the tax years 1959–1965. The extra tax demanded from Europa was over
335:
to look at the reality of Todd family ownership interest in these entities.) This led to a different conclusion. Europa received a tax refund of $ NZ4,000,000. "Bryan and his team ... had carried on the fight through 13 years and six court hearings". "As Bryan was fond of quoting, 'The meek and the
330:
After High Court and Court of Appeal decisions, the matter ended up again before the Privy
Council. This time the Privy Council (split 4-1) decided for Europa Oil accepting that the arrangements for 1965-1971 were different from those for 1959–1965. (A new company, Todd Refining, had been interposed
268:
Europa
Marketing and Europa Refining were sold to British Petroleum in 1972. The group's participation in the oil business did not end with the sale of Europa. In 1954 it had acquired prospecting licences in the North and South Islands and entered joint venture exploration agreements with Shell and
359:
Todd privately and anonymously supported many charities as well as publicly chairing the Todd
Charitable Trust established in 1960 and the Todd Foundation which followed in 1972. Both bodies give annual support to medical research, youth organisations, cultural and educational groups, the elderly,
308:
known as Pan
Eastern Refining Company. It purchased crude oil from Gulf at the standard posted price, arranged to have the oil refined by Gulf at one of its refineries, for a fee of 47.5c per barrel, and sold the refined petrol to Europa and the other products ("heavy ends") to Gulf, all at the
260:
Bryan Todd set the scene for the group's later diversification into a range of interests – which included oil distribution, refining, and exploration, natural gas, forestry, finance, aviation, ironsands export, and land and property development – when a 1929 Petrol price war in
Christchurch saw
166:(8 September 1902 – 29 May 1987) was one of four brothers who built one of New Zealand's biggest industrial and commercial enterprises. He was an important figure in the development of the New Zealand oil and gas energy industry and, incidentally, in the development of New Zealand tax law.
292:
Europa was always hampered by the fact it had to get its supplies from other companies, often themselves in competition with Europa in the New
Zealand retail market. For this reason, Bryan Todd searched to set up an independent refining operation either in New Zealand or overseas.
309:
posted prices. Depending on various factors, Pan
Eastern made a profit of 50c for every barrel of crude oil refined, or about 5c for every gallon of petrol Europa purchased. This profit was shared between Gulf and Europa.
206:(1868-1942), from 1888 expanded the fellmongery into a successful stock and station business. He imported the district's first car in 1908 and in 1913 established a garage which later expanded into the Todd Motor Company.
965:
940:
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Under New
Zealand tax law, dividends from Pan Eastern Refining were not counted as income of Europa itself; tax was only levied on Europa's dividends to its shareholders. However, the
182:
in 1902. His grandfather was
Charles Todd (1834–1892), a Scottish immigrant who had arrived in New Zealand with his wife, Mary O'Sullivan, in 1870. Charles worked at wool-scouring in
253:
cars and commercial vehicles. The Mitsubishi franchise was acquired in 1970 when planning for New Zealand's biggest assembly plant was under way, and in 1975 Todd Park was opened at
209:
Todd commenced his primary education at the local Heriot School. In February 1915, Charles Todd, his wife Mary Hegarty and their seven children (Charles Patrick (CP), Desmond,
331:
and had the obligation to purchase from Pan Eastern, Europa itself had no obligation to buy any product from Todd Refining, and the Privy Council did not go behind the
950:
935:
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By the 1920s three of Charles' four sons, Desmond, Bryan and Andrew, were running branches of the Todd Motor Company in Dunedin, Christchurch and Auckland, By 1934
930:
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gas discovery in 2000 in which Todd has a 26% share. However, Bryan Todd's dream of a major New Zealand oil discovery has never been fulfilled.
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NZ2,000,000. Inland Revenue considered that the Pan Eastern arrangement amounted to an evasion of tax. Europa disputed this.
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An active sportsman, Todd was a director of Ruapehu Alpine Lifts, the company formed by skiing enthusiasts to develop the
203:
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humble of heart shall inherit the earth. But the strong and the brave are the ones you put your money on!'".
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304:". However, an arrangement was entered into under which the two companies established a refining company in
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The Todd group continues to be involved in these and other gas-condesate projects such as the
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to acquire petroleum products. That company did not give Europa any reduction on "
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After hearings in the High Court and the Court of Appeal the issue went to the
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396:. Todd died on 29 May 1987. In 1994, he was posthumously inducted into the
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Todd was married to Helen Ann Rollo Buddo, cousin and adopted daughter of
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from 1941 till 1946 and airport committee chairman from 1943 till 1946,
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BP in 1955, 1956 and 1961. The consortium's successes included the
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392:, was one of Canterbury's best-known farmer-politicians of the
352:, and listed shooting, sailing and golf as other interests. A
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was commenced in Heriot when Bryan Todd's father, also named
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disabled and handicapped and other worthy causes. In the
712:
Europa Oil (NZ) Limited v Commissioner of Inland Revenue
688:
Commissioner of Inland Revenue v Europa Oil (NZ) Limited
225:. When he was older, he was sent to Sydney to board at
966:
People educated at Saint Ignatius' College, Riverview
881:
Enterprise and Energy: The Todd Family of New Zealand
941:
People educated at Trinity Catholic College, Dunedin
296:
In 1954 Bryan Todd entered into an arrangement with
111:
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368:, for services to commerce and the community.
805:(3rd supplement). 12 June 1976. p. 8055.
8:
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951:20th-century New Zealand businesspeople
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936:New Zealand people of Scottish descent
273:onshore field in 1959 and in 1969 the
906:Biography of Charles Todd (1868-1942)
786:, pp. 291–292, 294–296, 344–345.
241:had moved to Wellington to run a new
7:
931:New Zealand people of Irish descent
825:Dictionary of New Zealand Biography
976:Businesspeople awarded knighthoods
227:Saint Ignatius' College, Riverview
25:
830:Ministry for Culture and Heritage
418:"New Zealand's First Billionaire"
398:New Zealand Business Hall of Fame
277:off-shore gas-condensate field.
961:People from Heriot, New Zealand
198:business at Heriot, Otago. The
194:. In 1884, Charles commenced a
186:and gold-mining at Table Hill,
221:where Bryan Todd attended the
1:
362:1976 Queen's Birthday Honours
956:New Zealand Knights Bachelor
986:Wellington City Councillors
946:New Zealand Roman Catholics
440:"Industrialist Todd dies".
1002:
495:, pp. 74–89, 109–125.
354:Wellington City Councillor
314:New Zealand Tax Department
446:. 1 June 1987. p. 3.
416:Monica Showalter (2001).
384:run-holder. Buddo, whose
223:Christian Brothers School
190:and then Bendigo, all in
120:Charles P. Todd (brother)
879:Galbreath, Ross (2010).
18:Bryan Todd (New Zealand)
364:, Todd was appointed a
217:and Sheila) shifted to
122:Desmond Todd (brother)
855:Business Hall of Fame
87:Helen Ann Rollo Buddo
883:. Wellington: Todd.
265:petrol was on sale.
164:Sir Bryan James Todd
774:, pp. 165–166.
762:, pp. 166–168.
726:, pp. 204–207.
702:, pp. 203–204.
678:, pp. 198–201.
666:, pp. 195–196.
615:, pp. 332–334.
603:, pp. 242–262.
591:, pp. 171–191.
507:, pp. 274–275.
802:The London Gazette
567:, pp. 95–108.
390:Fernside, Rangiora
817:Rice, Geoffrey W.
555:, pp. 94–95.
531:, pp. 91–92.
471:, pp. 46–47.
459:, pp. 23–31.
245:plant assembling
174:Todd was born in
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16:(Redirected from
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981:Todd Corporation
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851:"Past laureates"
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372:Family and death
213:, Moyra, Bryan,
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53:8 September 1902
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43:Bryan James Todd
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340:Other interests
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157:(father-in-law)
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95:Three daughters
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784:Galbreath 2010
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33:Sir Bryan Todd
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325:Privy Council
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302:posted prices
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125:Kathleen Todd
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78:, New Zealand
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872:Bibliography
858:. Retrieved
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833:. Retrieved
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288:Tax problems
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204:Charles Todd
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152:(son-in-law)
116:Charles Todd
107:Mary Hegarty
104:Charles Todd
70:(1987-05-29)
26:
971:Todd family
926:1987 deaths
921:1902 births
860:16 February
797:"No. 46921"
394:Liberal era
378:David Buddo
306:The Bahamas
239:Andrew Todd
196:fellmongery
155:David Buddo
150:Gordan Tait
140:Sheila Todd
135:Andrew Todd
68:29 May 1987
915:Categories
714:1NZLR 546.
404:References
382:Canterbury
200:Todd Group
170:Early life
130:Moyra Todd
76:Wellington
49:1902-09-08
380:, a rich
346:Whakapapa
188:Blue Spur
145:John Todd
137:(brother)
112:Relatives
100:Parent(s)
835:22 April
298:Gulf Oil
282:Pohokura
233:Business
211:Kathleen
147:(nephew)
142:(sister)
132:(sister)
127:(sister)
118:(father)
92:Children
388:was at
386:station
255:Porirua
247:Hillman
219:Dunedin
887:
422:Forbes
271:Kapuni
263:Europa
251:Humber
243:Petone
215:Andrew
184:Milton
176:Heriot
84:Spouse
57:Heriot
192:Otago
180:Otago
885:ISBN
862:2023
837:2012
275:Maui
249:and
65:Died
39:Born
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644:^
430:^
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318:£
51:)
47:(
20:)
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