Supplementary Regulatory Impact Statement: A New Trusts Act - Commercial and Financial Trusts [pdf, 957 KB]
...part 4A Trustee exemption and indemnity Apply 4B Court power to relief of a trustee from personal liability in certain circumstances Apply 4C Duty of paid adviser Further analyse Line 1 4D Prohibition on exempting or indemnifying ‘gross negligence’ Further analyse Line 2 5 Retention of information by trustees Further analyse Line 3 6 Provision of information to beneficiaries Further analyse Line 4 7 Administrative powers Apply 8 Powers of maintenance and advancemen...