Trustees Executors Limited Amendment Bill
20 February 2006
Attorney-General
LEGAL ADVICE
CONSISTENCY WITH THE NEW ZEALAND BILL OF RIGHTS ACT 1990:
TRUSTEES EXECUTORS LIMITED AMENDMENT BILL
- We have considered the Trustees Executors Limited Amendment Bill, a Private Bill in
the name of Hon Marian Hobbs (the "Bill") for consistency with the New Zealand
Bill of Rights Act (the "Bill of Rights Act"). We understand that the Bill was
introduced to the House of Representatives on 3 February 2006 and that the next
Members’ day is scheduled for Wednesday, 22 February 2006.
- The Bill amends the TOWER Trust Limited Act 2002 (the "principal Act").
The principal Act authorises Trustees Executors Limited ("the Company"),
previously known as TOWER Trust Limited, to transact business with its parent companies
and those companies’ subsidiaries.
- The purpose of the Bill is to:
- rename the principal Act so that it reflects the Company’s current name;
- provide that the Company’s existing express authorisation to transact business
with its parent companies and their subsidiaries applies to its current parent
company, Sheffield Investments Incorporation (NZ) Holdings Limited and subsidiaries;
- authorise the Governor-General, by Order in Council, to amend the Schedule to the
principal Act by adding the name of a body corporate that is a holding company of the
Company; and
- ensure that the principal Act accurately reflects the Company’s current
ownership structure.
- We have concluded that the Bill appears to be consistent with the Bill of Rights
Act.
Jeff Orr
Chief Legal Counsel
Office of Legal Counsel |
Stuart Beresford
Principal Adviser
Bill of Rights/Human Rights Team |
In addition to the general disclaimer for all documents on this website, please note
the following: This advice was prepared to assist the Attorney-General to determine
whether a report should be made to Parliament under s 7 of the New Zealand Bill of Rights
Act 1990 in relation to the Trustees Executors Limited Amendment Bill. It should not be
used or acted upon for any other purpose. The advice does no more than assess whether the
Bill complies with the minimum guarantees contained in the New Zealand Bill of Rights Act.
The release of this advice should not be taken to indicate that the Attorney-General
agrees with all aspects of it, nor does its release constitute a general waiver of legal
professional privilege in respect of this or any other matter. Whilst care has been taken
to ensure that this document is an accurate reproduction of the advice provided to the
Attorney-General, neither the Ministry of Justice nor the Crown Law Office accepts any
liability for any errors or omissions.
