Trusts Bill

This is a very important Part; it lists the other pieces of legislation that are consequentially amended as a consequence of this bill. Now, I’d be happy to go through each and every one of them but I understand that every member of the House has, in fact, read this Part of the bill and is fully conversant with it. It doesn’t require any further explanation except to say that it, once again, underscores, I think, the comprehensive piece of work that has gone into creating this bill which will, I think, be of inordinate assistance to trustees, to settlors, to beneficiaries, and, indeed, to their professional advisers. I think the House can be very thankful for the quality in which this bill has arrived at the House and which, I’m sure, it will enter its third reading.

The question was put that the amendments set out on Supplementary Order Paper 255 in the name of the Hon Andrew Little to Part 9 be agreed to.

Amendments agreed to.

Part 9 as amended agreed to.

Schedule 1

The question was put that the amendment set out on Supplementary Order Paper 255 in the name of the Hon Andrew Little to Schedule 1 be agreed to.

Amendment agreed to.

Schedule 1 as amended agreed to.

Schedule 2 agreed to.

Schedule 3

The question was put that the amendments set out on Supplementary Order Paper 255 in the name of the Hon Andrew Little and the following amendment in his name to Schedule 3 be agreed to:

in Schedule 3, in clause 4(1)(a), replace “section 21(2)” with “section 36A”.

Amendments agreed to.

Schedule 3 as amended agreed to.

Schedule 4

The question was put that the following amendment in the name of the Hon Andrew Little to Schedule 4 be agreed to:

in Schedule 4, in the amendment to Thomas Cawthron Trust Act (1924 No 6)(P), new section 12(1)(e)(iv), replace “Board” with “Board:”.

Amendment agreed to.

Schedule 4 as amended agreed to.

Schedule 5 agreed to.

Clause 1 agreed to.

Clause 2

The question was put that the amendments set out on Supplementary Order Paper 255 in the name of the Hon Andrew Little to clause 2 be agreed to.

Amendments agreed to.

Clause 2 as amended agreed to.

House resumed.

The Chairperson reported the Health (Drinking Water) Amendment Bill without amendment, the New Zealand Public Health and Disability (Waikato DHB) Elections Bill without amendment, the Residential Tenancies Amendment Bill (No 2) with amendment, and the Trusts Bill with amendment.

Report adopted.