Records show New Zealand First has disclosed three loans from the New Zealand First Foundation. In 2017, it received $73,000. Its two trustees are former NZ First MP Doug Woolerton and NZ First's current judicial officer, Brian Henry. The leaked documents show NZ First leader Winston Peters was present at a March 2017 board of directors' meeting, where the board agreed to the concept of establishing the foundation. A mysterious foundation that loans money to New Zealand First is under scrutiny, with a university law professor saying although it's lawful, it fails to provide the transparency voters need in a democracy. A proposal to set up the Foundation, approved by the New Zealand First board in March 2017, says the fund would be a "legally established autonomous organisation that would operate independently of and at arm's length" to the board.