Chapter 9
Custodian and advisory trustees


9.1This chapter addresses reforms to the provisions relating to advisory and custodian trusteeship. These two mechanisms each allow for an arrangement in which there is another party with a role in the trust relationship. These reforms were discussed more extensively in the Preferred Approach Paper and the Fourth Issues Paper.238
238Law Commission Review of the Law of Trusts – Preferred Approach (NZLC IP31, 2012) at ch 7; Law Commission The Duties, Office and Powers of a Trustee: Review of the Law of Trusts – Fourth Issues Paper (NZLC IP26, 2011).