When you use arbitration to solve a problem with a trust, the Arbitration Act 1996 applies. This happens if the problem is sent to arbitration under the Trusts Act 2019 or under the trust's rules. The Arbitration Act 1996 is a law that you can find on the New Zealand legislation website.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS72784.
147: Trustee’s liability in relation to ADR settlement or arbitration agreement and any arbitral award limited, or
"When a trustee is taken to court, they are only in trouble if they broke the rules."
149: Transfer to the Crown of non-distributable trust property, or
"When a trust can't use its property, it can give it to the government."
If arbitration is the ADR process to which a matter is referred under this Act or under the terms of the trust, the Arbitration Act 1996 applies to the arbitration.
