Trusts Bill

It’s been a great pleasure to take a slow canter through this bill this evening with the assistance of Mr Penk, who has provided a great complementary commentary to this. This Part 8 deals with, as it itself describes, miscellaneous provisions. So this deals with a range of things: what happens if trust property has to be left to or handed over to the Crown—how the Crown has to handle it—because there’s no question that the grasping hands of Treasury gladly reach out—

💬 Hon Tracey Martin: Grasping heads?

—hands of Treasury—and relish the prospect of any trust that reaches its end without any beneficiaries there to pick up the slack. So there’s a provision here for how that can be managed and dealt with. Some costs, of course, are borne by the trust when the State gets involved, and indeed that is provided for there as well. There is, as you would expect, the ability to make regulations on matters relating to relevant parts of the bill as well. So all that is laid out in appropriate fashion, as you would expect in this part of the bill.

The question was put that the amendments set out on Supplementary Order Paper 255 in the name of the Hon Andrew Little to Part 8 be agreed to.

Amendments agreed to.

Part 8 as amended agreed to.

Part 9 Amendments to other Acts