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Trusts Act 2019

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

55: Beneficiary may be required to pay cost of giving information

You could also call this:

"Trustees can ask beneficiaries to pay for trust information"

Illustration for Trusts Act 2019

If you are a beneficiary, a trustee can ask you to pay for the cost of giving you trust information. This can happen when the trustee gives you information under section 52 or according to the trust's rules. The trustee can ask you to pay some or all of the cost before they give you the information.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382944.

Topics:
Money and consumer rights > Banking and loans
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56: General powers of trustee, or

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

55Beneficiary may be required to pay cost of giving information

  1. A trustee may require the beneficiary to whom trust information is given under section 52 or in accordance with the terms of the trust to pay the reasonable cost of giving that information.

  2. The trustee may require the beneficiary to pay some or all of that cost before the trustee gives the information to the beneficiary.