Trusts Bill has first reading

The Trusts Bill, which was introduced on 1 August 2017, and which represents that first major change to trust law legislation in New Zealand for over 60 years, had its first reading in Parliament on 6 December 2017.

See Trusts Bill Released 1 August 2017 and Trusts Bill Receives First Reading

Also see the First Reading.

The bill has been referred to the Justice Committee, which is scheduled to report back by 5 June 2018.

See the Law Society submissions on the Bill:

https://www.lawsociety.org.nz/__data/assets/pdf_file/0006/119589/Trusts-Bill-6-3-18.pdf

 The Trusts Bill will come into force 18 months after receiving the Royal Assent.

References:

•  Trusts Bill