Part 7 Court powers and dispute resolution

126 Court may review trustee’s act, omission, or decision

(1)

The court may review the act, omission, or decision (including a proposed act, omission, or decision) of a trustee on the ground that the act, omission, or decision was not or is not reasonably open to the trustee in the circumstances.

(2)

The court may undertake a review on the application only of a beneficiary.

(3)

The review must be conducted in accordance with section 127.

(4)

This section and section 127 do not limit or affect—

(a)

the court’s jurisdiction to supervise trusts, including its jurisdiction under the Charitable Trusts Act 1957; or

(b)

the Attorney-General’s powers and duties with respect to charitable trusts, including powers and duties under the Charitable Trusts Act 1957.