Part 3Trustees’ duties and information obligations
Duties of trustee: Default duties
36Duty not to profit
A trustee must not make a profit from the trusteeship of a trust.
Trusts Act 2019
Trustees’ duties and information obligations - Duties of trustee - Default duties
36: Duty not to profit
"Trustees must not use their job to make money for themselves"
If you are a trustee of a trust, you must not make a profit from being a trustee. You have a responsibility to act in the best interests of the trust, not to make money for yourself. This means you cannot use your position as a trustee to get richer.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382915.