When money is being transferred, you need to know if it is subject to a trust. This means the money is being held for a specific purpose and must be used in a certain way. The rules about transferring this money are part of a law called the Local Government Act 1974, but this specific part has been repealed.

You can find more information about the repeal of this section in section 48(1)(a) of the Local Government (Auckland) Amendment Act 2004. This repeal happened on 1 July 2004. The repeal means this part of the law is no longer in effect.