Trust Horizon (Trust Variation) Bill
Thank you. Just a very quick question. The title itself talks about inserting “trust variation”. Now, I don’t know if this bill has been previously amended by the Parliament, and certainly the preamble that we’ve just agreed to provides the mechanism through the High Court for it to not necessarily come back. So why is it not just referred to as “variation” as opposed to “trust variation”?
CHAIRPERSON (Maureen Pugh): Just getting some advice.
Thank you, Madam Chair, and thanks to the member Tangi Utikere for his patience while I got some advice. Because it’s varying the trust deed, and all other trusts that have gone through this process have the same thing in the title.
Clause 1 agreed to.
Committee of the whole House
Clause 2 Commencement
CHAIRPERSON (Maureen Pugh): Members, we come now to clause 2, which is the commencement. The question is that clause 2 stand part.
Clause 2 agreed to.
Committee of the whole House
Clause 3 Purpose
CHAIRPERSON (Maureen Pugh): We come now to clause 3, the purpose. The question is that clause 3 stand part.
🗣️ Spoke in this debate (2)
- Tom Rutherford (New Zealand National Party — Member for Bay of Plenty)
- Tangi Utikere (New Zealand Labour Party — Member for Palmerston North)