10 Jun 2021
SETTER [2021] NZHC 1603
- Citation
- [2021] NZHC 1603
- Court
- High Court
The Court authorised the variation of the Trust Deed under its inherent jurisdiction because the proposed change (expanding beneficiary appointment of trustees) did not alter beneficiaries' beneficial interests, was necessary or desirable for proper management, and while s130 broadly addresses variations of trustee powers, the particular amendment to appointment powers fell most appropriately to be authorised under the Court's inherent jurisdiction.