13 Nov 2013
In the matter of an application under s 64A of the Trustee Act 1956 between Argus & Anor [2013] NZHC 3010
- Citation
- [2013] NZHC 3010
- Court
- High Court
The Court granted approval under s 64A because the variations were in the best interests of the infant, unborn and unascertained beneficiaries: deferring distribution avoided likely penal tax consequences, other amendments benefitted or did not prejudice those beneficiaries, and removing the audit requirement avoided unnecessary expense; adult beneficiaries consented and trustees supported the changes.