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News update: A new Trusts Act

Written by Israel Vaealiki, PARTNER; Lana Dixon, LAWYER; Soo Jin Lee, LAWYER on April 16th, 2019.    

New Zealand’s law relating to trusts and trust administration is undergoing its most extensive revision and modernisation in over 60 years. On 1 August 2017, Justice Minister Amy Adams introduced the Trusts Bill (Bill) into Parliament. The Bill is now heading towards its second reading. We expect that the Bill will pass into law – most likely during this year.
Topics: Trusts
 
 

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