Section 142 — Trusts Act 2019: Definitions for purposes of sections 143 to 148

142 Definitions for purposes of sections 143 to 148 In sections 143 to 148 ,— ADR process means an alternative dispute resolution process (for example, mediation or arbitration) designed to facilitate the resolution of a matter ADR settlement , in relation to a matter,— (a) means an enforceable agreement reached through an ADR process that resolves the matter; but (b) does not include an arbitral award arbitral award , in relation to a matter that has been referred to arbitration, has the same meaning as award in section 2(1) of the Arbitration Act 1996 arbitration agreement , in relation to a matter that has been referred to arbitration, has the same meaning as in section 2(1) of the Arbitration Act 1996 external matter means a matter to which the parties are a trustee and 1 or more third parties internal matter means a matter to which the parties are a trustee and 1 or more beneficiaries, or a trustee and 1 or more other trustees, of the trust matter — (a) means— (i) a legal proceeding brought by or against a trustee in relation to the trust; or (ii) a dispute in relation to the trust between a trustee and a beneficiary, or between a trustee and a third party, or between 2 or more trustees, that may give rise to a legal proceeding; but (b) does not include a legal proceeding or a dispute about the validity of all or part of a trust. Compare: 1991 No 69 s 268(4)