Trusts Bill obtains Royal Assent

Further to last week’s post regarding the Trusts Bill having its third reading before the New Zealand Parliament (see A whole new world … in 18 months), the Bill received Royal Assent on 30 July 2019 and is therefore now the Trusts Act 2019.

Aside from certain provisions relating to trusts affecting financial services legislation, the Act will come into full force from 30 January 2021.

For more information on the Trusts Act 2019 see Trust Series 2019 – The Trusts Act – what will it mean in practice?  presented by Vicki Ammundsen