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Trusts Act 2019

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

50: Purpose and application of sections 51 to 55

You could also call this:

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

Illustration for Trusts Act 2019

The purpose of sections 51 to 55 is to make sure you have enough information about a trust so you can make sure the people in charge of the trust do what they are supposed to do. You can find these rules in sections 51 to 55. These rules do not apply to trusts that are set up for charity or for other special reasons and do not have people who benefit from 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=DLM7382939.

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49: Definitions for purposes of sections 50 to 55, or

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

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51: Presumption that trustee must notify basic trust information, or

"Trustees must tell beneficiaries basic info about the trust, like who's in charge and what's happening"

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

50Purpose and application of sections 51 to 55

  1. The purpose of sections 51 to 55 is to ensure that beneficiaries have sufficient information to enable the terms of the trust and the trustees’ duties to be enforced against the trustees.

  2. Sections 51 to 55 do not apply to charitable trusts or to other trusts for a permitted purpose that do not have beneficiaries.