Q is two separate entities. The Q Theatre Trust owns the bulk of the assets, being the building and facilities, and holds the lease of the theatre land from Auckland Council until 2046. Q Theatre Limited operates the facilities through a sublease for the benefit of the Trust. The Q Group consolidates both entities for audit and reporting purposes. Some board members sit across both boards.
| Q THEATRE TRUST | Q THEATRE LIMITED |
| Penelope Barr-Sellers (Chair) | Penelope Barr-Sellers (Chair) |
| Justin Lewis | Kylie Sealy (Deputy Chair) |
| Andrew Smith | Justin Lewis |
| Andrew Smith | |
Vicki Caisley Tim Dowson Simon Harger-Forde |