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Factsheet Legislative changes affecting trusts

Legislative changes affecting trusts Effective from Waitangi Day, 6 February 2021 Updated provisions for removing a trustee The Act now allows for the Māori Land Court to remove a trustee if it is satisfied that they have lost the capacity to perform their functions as a trustee, or that their removal is desirable for the proper execution of the trust (for example because they repeatedly refuse or fail to act as a trustee, they become an undischarged bank...

Documents/Guides-Templates-Factsheets/Factsheet-Legislative-changes-affecting-trusts.pdf (303 kb)

Whakahaerehia ō whenua
Manage your land

Once an order is granted by the Court, the trust continues until the landowners, beneficiaries, trustees, and the Court agree to end it. Māori incorporations Whenua owned by several people can be administered through a Māori incorporation, which becomes the legal owner of the land and assets vested in it.

MLC succession english

A composite title is issued to each house owner, comprising: (a) the freehold share of the lessee in the whole block, and (b) the leasehold interest of the lessee in the individual site. 10 A person bound to deal with property on behalf of the owners or beneficiaries. The trustee becomes the legal owner when the order appointing him/her as trustee for the land is registered against the title.

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