New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) The trustee or trustees of a reservation shall, subject to any order of the court, call an annual meeting in each year, and give 21 days' prior notice of the time and place of the meeting—
(a) by publishing, in a newspaper circulating in the district where the reservation is situated, a notice giving particulars of that time and place; and
(b) by giving such other, or additional, notice of the time and place of the meeting as the court may direct at any time.
(2) The annual general meeting—
(a) shall be open to the attendance of all beneficiaries or other persons for whose benefit the reservation is intended; and
(b) shall be chaired by a trustee, or a person nominated by the trustees; and
(c) shall be conducted in such manner as the chairperson of the meeting directs.
(3) The trustee or trustees shall at the annual general meeting—
(a) outline the position of the reservation, including the matters undertaken by the trustees in the preceding 12-month period; and
(b) report generally on the trustees' proposals for the administration of the reservation during the next 12-month period; and
(c) give to persons attending the meeting a reasonable opportunity to express their views in relation to the reservation.
(4) Nothing in subclause (3) limits the matters that the trustees may address at the annual meeting or obliges the trustees to prepare or distribute any particular written reports or material.
