Last week the Law Commission published its report Review of the Law of Trusts: A Trusts Act for New Zealand: see here. The Commission recommends that the Trustee Act 1956 should be replaced by a new Trusts Act in order to modernise the law. Over fifty recommendations are made, including placing on a statutory footing the duties of trustees and the circumstances in which they can be avoided. A summary of the Commission's recommendations is available here (pdf).
Monday 16 September 2013
New Zealand: Law Commission proposes new Trusts Act
Last week the Law Commission published its report Review of the Law of Trusts: A Trusts Act for New Zealand: see here. The Commission recommends that the Trustee Act 1956 should be replaced by a new Trusts Act in order to modernise the law. Over fifty recommendations are made, including placing on a statutory footing the duties of trustees and the circumstances in which they can be avoided. A summary of the Commission's recommendations is available here (pdf).
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