It has been a long time in the making.
Today (11 September) the Law Commission’s Report, Review of the Law of Trusts: A Trusts Act for New Zealand, was tabled in Parliament.
The Report recommends the introduction of a new Trusts Act to replace the current Trustee Act 1956.
The proposed new Trusts Act will be a comprehensive statute that modernises the law of trusts in New Zealand.
The Report contains 51 recommendations in total relating to trusts. Over the next weeks the different recommendations will be discussed in this blog. In the meantime, for anyone who wants a heads up – see below for links to the paper.