New Zealand Legislation: Acts

8 Functions of Public Trust

• (1) The principal functions of Public Trust are to—

  • (a) develop, promote, conduct, or otherwise participate in the business of providing comprehensive estate management and administration services, including associated legal, financial, and other services; and

  • (b) carry out, perform, or otherwise fulfill functions conferred on Public Trust by this Act or any other Act; and

  • (c) carry out, perform, or otherwise fulfill other functions requested by the Minister, acting in agreement with the Minister of Finance, and agreed to by Public Trust; and

  • (d) develop, promote, conduct, or otherwise participate in such other business as Public Trust determines with the approval of the Minister, acting in agreement with the Minister of Finance.

  (1A) For the avoidance of doubt, a request under section 8(1)(c) is not a direction by the Minister for the purposes of section 112 of the Crown Entities Act 2004.

  (2) Any request by the Minister and agreement by Public Trust under subsection (1)(c), and any determination of Public Trust and approval of the Minister under subsection (1)(d), must be in writing.

  (3) As soon as practicable after any such request or determination is made and is agreed or approved, the Minister must—

  • (a) publish a copy of the request or determination in the Gazette; and

  • (b) present a copy of it to the House of Representatives.

  Section 8(1A): inserted, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).