New Zealand Legislation: Acts

10 Independence of Public Trust in its fiduciary functions

• Despite anything in this Act or the Crown Entities Act 2004, in managing and administering estates, and in fulfilling any other fiduciary obligations, Public Trust is to act in an independent manner free from any direction or other instruction from the Crown.

  Section 10 was amended, as from 25 January 2005, by section 200 Crown Entities Act 2004 (2004 No 115) by inserting the words “or the Crown Entities Act 2004” after the words “in this Act”.