New Zealand Trusts Act 2019 Makes Trust Law More Accessible

The Act came into effect on 30 January 2021 and applies to all New Zealand express trusts including charitable trusts. The language of the Act is (as you would expect) much more modern than that found in the predecessor Trustee Act 1956, and there has been an attempt by the legislators to spell out trustees’ rights and obligations in more detail with a view to making trust law more accessible to laypersons. Whether this has been achieved to a great degree will be a moot point, but the move in this direction is laudable.

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