13 Nov 2023
SOUTHALL, THOMPSON, McPHAIL, OLIVER AND BLEACKLEY [2023] NZHC 3165
- Citation
- [2023] NZHC 3165
- Court
- High Court
The Court approved the proposed scheme because the statutory prerequisites were met, the Attorney‑General supported the amendments, the changes do not alter the Trust's charitable purposes and they materially facilitate administration by remedying impossibilities and updating governance, investment and indemnity provisions consistent with the Trusts Act 2019.
- Variation of trust deed (pt 3 / s33)
- Trustee appointment and removal
- Investment powers and prudent investment duty
- Trustee indemnity limits
- Statutory procedural compliance (attorney-general report, advertising)