Williams v Cotter-Arlidge - Okaihau 3C2 (2019) 77 Tākitimu MB 51 (77 TKT 51) [pdf, 416 KB]
...was at 31 March 2014. Payments are unexplained, balance sheets from year to year do not add up, it is unclear which beneficiaries claimed dividends and which have not, and tax returns were not filed which led to unnecessary IRD penalties. The Law [21] Section 231 of the Act provides: 77 Tākitimu MB 57 231 Review of trusts (1) The trustees or a beneficiary of a trust (other than a kai tiaki trust) constituted under this Part may apply to the court to review the terms, operat...