VadeLab
StatuteTrusts Act 2019

Section 75 — Trusts Act 2019: Reliance on special trust adviser’s advice

Text of the provision Official document

75 Reliance on special trust adviser’s advice (1) If there is a special trust adviser, a trustee— (a) may consult the special trust adviser on any matter relating to the trust; and (b) is not required to follow the special trust adviser’s advice; and (c) is not liable in a proceeding brought by or on behalf of a beneficiary for an act or omission the trustee makes as a result of following the special trust adviser’s advice unless the act or omission involves the trustee’s dishonesty, wilful misconduct, or gross negligence ( see section 44 , which relates to the court’s consideration of gross negligence). (2) A special trust adviser’s disagreement with or objection to a proposed action to be taken by a trustee in respect of trust property does not affect a person dealing with the trustee in the matter. Compare: 1956 No 61 s 49(3)(c), (4)

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.