✨ Trust Deed Definitions
NEW ZEALAND GAZETTE, No. 56
26 APRIL 2011
"Income Year" means any year or other accounting period ending on a Balance Date;
"Minister for Climate Change Issues" means the Minister for Climate Change Issues or any other Minister of the Crown who, under the authority of any warrant or with the authority of the Prime Minister, is for the time being responsible for Subpart 2 of the Part 4 of the Act;
"New Zealand Units" has the meaning set out in section 4 of the Act;
"Publish" means to make available publicly, whether by making available via a website or other means;
"Pre-1990 forest land" has the meaning set out in section 4 of the Act;
"Pre-1990 Forest Land Allocation Plan" means the allocation plan issued under section 70(1) and 72 of the Act;
"Teleconference Meeting" for the purposes of rule 11 in the Third Schedule means a meeting where the participants are contemporaneously linked by telephone or some other means of instant audio or audio and visual communication;
"Trust" means the trusts established by this deed;
"Trust Fund" means the sum of $10 referred to in Background B of this deed, the Capital allocated to the Trustees and the Income paid or given to or acquired or agreed to be acquired by the Trustees after this deed has been signed with the intention that it be held by the Trustees subject to the trusts and other provisions set out in this deed.
1.2 Construction: In the construction of this deed, unless the context requires otherwise:
(a) a reference to "Trustees" is a reference to the trustees for the time being of the Trust Fund, whether original, additional or substituted;
(b) a reference to a person includes a corporation sole and also a body of persons, whether corporate or unincorporate;
(c) a reference to an enactment is a reference to that enactment as amended, or to any enactment that has been substituted for that enactment;
(d) the schedules form part of this deed;
(e) headings appear as a matter of convenience and will not affect the construction of this deed; and
(f) the plural includes the singular and vice versa.
- CREATION OF TRUST
Declaration of trust
2.1 The Settlor directs, and the Trustees acknowledge, that the Trustees will hold the Trust Fund upon the trusts and with the powers set out in this deed.
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NZ Gazette 2011, No 56
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