The Trusts Act 2019 was passed in late July 2019 and comes into force on 30 January 2021.  The new Act
replaces the existing Trustee Act 1956.

The new Act will modernise the New Zealand trustscape and make trustees’ duties and responsibilities more
transparent to trustees, beneficiaries and settlors.

The Act contains new information obligations for trustees (holding of core documents and presumptions for
notifying beneficiaries of basic trust information or responding to beneficiary requests for information).

This transparency is specifically intended to ensure beneficiaries have enough information to enforce trusts in
which they have an interest.

If beneficiaries are more informed, trustees will need to be on top of their game.  The 18-month implementation
period doesn’t leave much time to review current practices, reposition firms and get clients up to speed.

Lindsay will put a practitioner’s filter across the new Act to highlight key provisions and the practical implications
for accounting advisers and professional trustees.

Upon satisfactory completion of this activity you will be able to:

• Broadly understand the terms of the new Act
• Consider the implications for trustees and advisors
• Begin planning for changes required to futureproof trust services provided by the firm

Total CPD Hours: 1.25 hours

Suited to:

Members of accounting firms who

• Act as trustee
• Provide trustee and trust administration services
• Provide advisory services to client trustees

PRESENTER

 Lindsay Pope, Trustee Support Ltd

Lindsay provides independent consultancy services to professional advisers and firms wanting to unlock
commercial value and reduce professional risk in their trust and estate planning services. He speaks, authors and
mentors on good trustee and beneficiary practice and brings 40 years’ experience managing trusts and estates,
to help trustees improve their contribution in the role. Lindsay is the President of the Estate & Taxation Planning
Council of NZ, a member of the Society of Trust & Estate Practitioners and serves as a trustee professionally.