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Trusts Act 2019

Trustees’ duties and information obligations - Trustees’ obligations to keep and give trust information - Giving information to beneficiaries

49: Definitions for purposes of sections 50 to 55

You could also call this:

"What special words mean in sections 50 to 55 of the Trusts Act 2019"

Illustration for Trusts Act 2019

When you are reading sections 50 to 55, you need to know what some words mean. A representative is someone like a parent, guardian, attorney, or property manager who helps a beneficiary who cannot make decisions for themselves. This person acts on behalf of the beneficiary.

You also need to know what trust information is. It is information about the trust, how it is managed, and what property it has, that you need to know to make sure the trust is working correctly. However, trust information does not include the reasons why the trustees made certain decisions, as you can find more about this in sections 50 to 55.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382932.

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48: Trustee must pass on documents, or

"Give trust documents to the new trustee when you finish being one"

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50: Purpose and application of sections 51 to 55, or

"Rules to help you know what's happening in a trust and make sure it's run fairly"

Part 3Trustees’ duties and information obligations
Trustees’ obligations to keep and give trust information: Giving information to beneficiaries

49Definitions for purposes of sections 50 to 55

  1. In this section and in sections 50 to 55,—

    representative means the parent, guardian, attorney, or property manager of a beneficiary who lacks capacity

      trust information—

      1. means any information—
        1. regarding the terms of the trust, the administration of the trust, or the trust property; and
          1. that it is reasonably necessary for the beneficiary to have to enable the trust to be enforced; but
          2. does not include reasons for trustees’ decisions.