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Trusts Act 2019

Trustees’ duties and information obligations - Duties of trustee

21: Guiding principle in performing duties

You could also call this:

"Trustees must consider the trust's goals when doing their jobs."

Illustration for Trusts Act 2019

When you are a trustee, you have to do certain jobs. These jobs are listed in sections 23 to 27 and sections 29 to 38. You must think about what the trust is trying to achieve when you do these jobs.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS88271.

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Money and consumer rights > Banking and loans
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20: Age of majority, or

"You are an adult at 18 years old in a trust, that's when you're considered grown up."

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22: Mandatory duties, or

"Important rules trustees must always follow"

Part 3Trustees’ duties and information obligations
Duties of trustee

21Guiding principle in performing duties

  1. In performing the mandatory duties set out in sections 23 to 27 and (except to the extent modified or excluded by the terms of the trust) the default duties set out in sections 29 to 38, a trustee must have regard to the context and objectives of the trust.