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New Zealand law explained for everyone

Trusts Act 2019

General provisions

3: Purpose

You could also call this:

"What the Trusts Act 2019 is trying to achieve"

Illustration for Trusts Act 2019

The purpose of the Trusts Act 2019 is to update New Zealand's trust law. You will find the main ideas of the law in this Act. It sets out the key principles of trust law, provides rules for managing trusts, and helps resolve disputes about trusts, making the law easier for you to understand.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382821.

Topics:
Money and consumer rights > Banking and loans
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2: Commencement, or

"When the Trusts Act 2019 law starts to work in New Zealand."

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4: Principles, or

"Basic rules to follow when running a trust"

Part 1General provisions

3Purpose

  1. The purpose of this Act is to restate and reform New Zealand trust law by—

  2. setting out the core principles of the law relating to express trusts; and
    1. providing for default administrative rules for express trusts; and
      1. providing for mechanisms to resolve trust-related disputes; and
        1. making the law of trusts more accessible.