Trusts Act 2019

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

156: Costs of investigation borne by trustees

You could also call this:

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

When someone investigates a trust, you want to know who pays for it. The trustees of the trust have to pay for the investigator's fees and other expenses, unless the court decides otherwise under section 157. This includes any charges from Public Trust. You should note that the court's decision can affect who pays for the investigation. The expenses and costs that the trustees have to pay are linked to the trust property.

If the trustees are liable for expenses under this section or section 157, these expenses are a charge on the trust property. This means the trust property is used to pay for these expenses. The trust property is affected by the costs of the investigation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7383101.


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155: How investigator is to conduct and report on investigation, or

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


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157: Application to court to determine who bears costs of investigation, or

"Asking the court to decide who pays for investigating a trust"

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

156Costs of investigation borne by trustees

  1. Unless the court makes an order under section 157, the remuneration of the investigator and the other expenses of the investigation (including Public Trust’s charges) are to be borne by the trustees of the trust.

  2. All expenses and costs for which the trustees of the trust are liable under this section or section 157 are a charge on the trust property.

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