New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 1 October 2011
| Public Act | 1960 No 99 |
| Date of assent | 25 October 1960 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this eprint.
A general outline of these changes is set out in the notes at the end of this eprint, together with other explanatory material about this eprint.
This Act is administered in the Ministry of Commerce.
1 Short Title and commencement
3 Unit trust to have manager and trustee
5 Restrictions as to trustee [Repealed]
6A Restrictions as to nominated person
6B Appointment of nominee by nominated person
7 Application of Securities Act 1978
9 Copy of deed to be lodged with District Registrar
11 Manager to send audited accounts annually
12 Implied provisions in trust deed
12A Implied provision in trust deed of portfolio investment entity
13 Certificate of interest to be issued [Repealed]
14 Duty of manager with respect to subscriptions
15 Subscriptions, etc to become subject to trusts
16 Trust deed to state conditions for buying back interests
17 Interests in unit trust to be transferable
19A Trustee may apply to High Court for orders relating to unit trust
22 Court may confer additional powers of management
24 Trust deed not to exempt trustee or manager from liability
26 Restriction on personal benefits by directors or officers
27 Power of Court to assess damages against delinquent directors of manager
Schedule
Particulars to be included in statement by manager
An Act to provide for regulating the operations of unit trusts
