New Zealand Legislation: Regulations

21 Inquiry into administration of reservation

• (1) The Court may at any time, upon application made to the Court by any beneficiary or person whom the reservation is intended to benefit, conduct or order such inquiry into the administration by any trustee of a reservation, as the Court thinks fit.

  (2) No inquiry shall be conducted by the Court unless—

  • (a) The applicant for such inquiry has filed with the Court a statement, signed by the applicant, containing the detailed grounds upon which the applicant requires the inquiry; and

  • (b) The applicant has given to each trustee a copy of the application made to the Court under subclause (1) of this regulation; and

  • (c) Either—

    • (i) The Court received a written statement, in relation to the application, signed by or on behalf of the trustees; or

    • (ii) The Court has dispensed with compliance with subparagraph (i) of this paragraph.