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Trusts Act 2019

Miscellaneous provisions - Investigation of condition and accounts of certain trust property

153: Application to Public Trust for investigation of condition and accounts of trust property

You could also call this:

"Ask Public Trust to check a trust's property and accounts if you're involved with the trust"

Illustration for Trusts Act 2019

You can ask Public Trust to investigate the condition and accounts of trust property if you are a trustee or a beneficiary of a trust. You can do this unless the trustee is a trustee corporation. Public Trust will not investigate if an investigation of the trust property has happened in the last 12 months, unless you have been given permission by the court to make the application. They also will not investigate if the court has ordered that an investigation must not happen.

You might need to pay a deposit or give security to cover the costs of the investigation before Public Trust starts the process. This includes paying for Public Trust's charges. You can find more information about this by looking at the Trusts Act 2019 and similar laws, such as the 1956 No 61 s 83B(1).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7383097.

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Part 8Miscellaneous provisions
Investigation of condition and accounts of certain trust property

153Application to Public Trust for investigation of condition and accounts of trust property

  1. A trustee or a beneficiary of a trust may apply to Public Trust for the conduct of an investigation of the condition and accounts of the trust property (unless the trustee is a trustee corporation).

  2. However, Public Trust must not proceed with the application if—

  3. an investigation of the trust property under this Part has been concluded in the previous 12 months (unless the applicant has been given the leave of the court to make the application); or
    1. the court has ordered that an investigation must not proceed.

      1. Before proceeding with the application, Public Trust may require the applicant to pay a deposit or give security for the costs of the investigation (including Public Trust’s charges).

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