When you are involved in an arbitration about a trust, certain rules apply. These rules are found in sections 142 to 148 of the Trusts Act 2019. You can find more information about what a trust matter is in section 142 of the Trusts Act 2019.
If an arbitration is about a trust matter, the rules from the Trusts Act 2019 are used. This means that the arbitration follows specific guidelines to help resolve the issue. The term trust matter is defined in section 142 of the Trusts Act 2019.
You can look at section 10 to understand where the new section about arbitration of trust matters fits in. This new section is called section 10A and it is about the arbitration of trust matters. It helps you understand how arbitrations about trust matters are handled.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS102074.
After section 10, insert:
10AArbitration of trust matters
If an arbitration relates to a trust matter, sections 142 to 148 of the Trusts Act 2019 apply to the arbitration.
In this section, trust matter has the same meaning as matter in section 142 of that Act.
