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Trusts Act 2019

Trustees’ duties and information obligations - Duties of trustee - Mandatory duties

25: Duty to act honestly and in good faith

You could also call this:

"Be honest and fair when making decisions as a trustee"

Illustration for Trusts Act 2019

When you are a trustee, you must act honestly and in good faith. This means you have to be truthful and fair in everything you do as a trustee. You have to make decisions that are in the best interests of the trust.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382904.

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24: Duty to act in accordance with terms of trust, or

"Trustees must follow the trust's rules"

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26: Duty to act for benefit of beneficiaries or to further permitted purpose of trust, or

"Trustees must make decisions to help the people who benefit from the trust or achieve its purpose."

Part 3Trustees’ duties and information obligations
Duties of trustee: Mandatory duties

25Duty to act honestly and in good faith

  1. A trustee must act honestly and in good faith.