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Legislative Updates
November 24, 2021

TRUSTS AND BENEFICIARY CURRENT ACCOUNTS

A new world has emerged for Trusts and Trustees alike with the plethora of legislation recently enacted. Both the Trusts Act 2019 and the Tax Administration Act 1994 have dictated Trustees become familiar with statutory duties and compliance obligations. One particular matter likely to require Trustees attention is that pertaining to beneficiary current accounts. This…