VadeLab
StatuteTrusts Act 2019

Section 51 — Trusts Act 2019: Presumption that trustee must notify basic trust information

Text of the provision Official document

51 Presumption that trustee must notify basic trust information (1) There is a presumption that a trustee must make available to every beneficiary or representative of a beneficiary the basic trust information set out in subsection (3). (2) However,— (a) before giving the information, the trustee must consider the factors set out in section 53 ; and (b) if the trustee reasonably considers (after taking into account those factors) that the information should not be made available to every beneficiary,— (i) the presumption does not apply; and (ii) the trustee may decide to withhold some or all of the basic trust information from 1 or more particular beneficiaries or classes of beneficiaries. (3) The basic trust information is— (a) the fact that a person is a beneficiary of the trust; and (b) the name and contact details of the trustee; and (c) the occurrence of, and details of, each appointment, removal, and retirement of a trustee as it occurs; and (d) the right of the beneficiary to request a copy of the terms of the trust or trust information. (4) A trustee is required to consider at reasonable intervals whether the trustee should be making the basic trust information available under this section.

Official source: legislation.govt.nz

There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.

Search case law on this topic

See judgments from New Zealand courts and tribunals with a plain-English summary and legal holding.

Explore case law →

Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.