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Trusts Act 2019

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

155: How investigator is to conduct and report on investigation

You could also call this:

"How to investigate and report on a trust in a fair and honest way"

When you are investigating a trust, you can ask the trustees for documents, information, and explanations that you need to do your job. You can get these from the trustees because of what is said in section 154. This helps you understand what is going on with the trust.

When you finish investigating, you must write a report and sign it. You have to send this report to the person who asked for the investigation, to each trustee, and to Public Trust. The report must show what is happening with the trust property.

You do this to make sure everyone knows what is going on with the trust. The report is an important part of your investigation. It helps everyone understand the state of the trust property.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7383100.

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154: Appointment of investigator by Public Trust, or

"Public Trust chooses a special person to investigate a trust issue"

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156: Costs of investigation borne by trustees, or

"Trustees normally pay for the cost of investigating a trust"

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

155How investigator is to conduct and report on investigation

  1. The investigator appointed under section 154 may require from the trustees any documents, information, and explanations necessary to perform the investigator’s duties.

  2. When the investigation is complete, the investigator must forward to the applicant, and to each trustee, and to Public Trust, a report signed by the investigator showing the state of affairs of the trust property.

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