If you are a trustee managing property or income for a charitable trust, you can create a plan to change how you handle it. This plan is called a scheme. You can make this scheme if you want to use the rules in this part of the law. The scheme can do different things:
You need to make sure your scheme follows all the rules in this part of the law.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM309962.
Where the trustees of any such property or income are desirous that it shall be dealt with subject to this Part, they may prepare or cause to be prepared, in accordance with this Part, a scheme for the disposition of the property or income and for extending or varying the powers of the trustees or for prescribing or varying the mode of administering the trust.
