When you are involved with a trust under the Trusts Act 2019, you must think about some important principles. You should make sure the trust is run in a way that matches what it was set up to do. You should also try to keep things simple and not spend too much money when running the trust.

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This page was last updated on 18 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382822.

Topics:

Money and consumer rights > Banking and loans

3: Purpose, or

"What the Trusts Act 2019 is trying to achieve"

5: Application, and relationship of Act with trust terms, common law and equity, and other enactments, or

"How the Trusts Act 2019 applies to trusts and works with other laws and trust rules."

Part 1General provisions

4Principles

Every person or court performing a function or duty or exercising a power under this Act must have regard to the following principles:
a trust should be administered in a way that is consistent with its terms and objectives:
a trust should be administered in a way that avoids unnecessary cost and complexity.