New Zealand Acts

NGĀTI HAUĀ CLAIMS SETTLEMENT ACT 2014 - SECT 19

19 Limit on duration of trusts does not apply

1 A limit on the duration of a trust in any rule of law, and a limit in the provisions of any Act, including section 16 of the Trusts Act 2019 , —

a) do not prescribe or restrict the period during which—

i) the Ngāti Hauā Iwi Trust may exist in law; or

ii) the trustees may hold or deal with property or income derived from property; and

b) do not apply to a document entered into to give effect to the deed of settlement if the application of that rule or the provisions of that Act would otherwise make the document, or a right conferred by the document, invalid or ineffective.

2 However, if the Ngāti Hauā Iwi Trust is, or becomes, a charitable trust, the trust may continue indefinitely under section 16(6)(a) of the Trusts Act 2019 .

History: Section 19 heading: replaced, on 30 January 2021, by section 161 of the Trusts Act 2019 (2019 No 38).   Section 19(1): amended, on 30 January 2021, by section 161 of the Trusts Act 2019 (2019 No 38).     Section 19(2): amended, on 30 January 2021, by section 161 of the Trusts Act 2019 (2019 No 38).