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COOK ISLANDS}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
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\par Title
\par 
\par 1. Short Title
\par 2. Interpretation
\par 3. Abolition of the rule against accumulations
\par 4. Application of the rule in }{\i\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid11157042 Saunders v Vautier}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 
\par 5. Fraud
\par 6. }{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 Commencement of proceedings}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 7. }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Certificate of registration}{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 
\par 8. }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Custodian trustees}{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 
\par 9.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Protector of a trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 
\par 10.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Secrecy
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 11. }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Power of exemption}{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 
\par 12.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Form of trust records}{\fs24\lang2057\langfe5129\langnp2057\insrsid7543661\charrsid2646986 
\par 13}{\fs24\lang2057\langfe5129\langnp2057\insrsid11157042 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Application
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An Act to amend the International Trusts Act 1984 and to modify the law relating to international trust}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10302881 s}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7543661 
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\par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  by the Parliament of the Cook Islands in Session assembled an}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7107260 d by the}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  authority of the same as follows:
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This Act may be cited as the International Trusts Amend}{\fs24\lang2057\langfe5129\langnp2057\insrsid10302881 ment Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 1999 and shall be read together with and deemed part of the International Trusts }{\fs24\lang2057\langfe5129\langnp2057\insrsid10302881 Act 1984 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (hereinafter referred to as }{
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\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 publish}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  means to produce and issue, by whatever means, and whether for sale or not and 
includes to report as part of any law report or reports;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 3. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Abolition of the rule against accumulations}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Subsection (2) of section 9 of the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7107260 principal}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Act is amended by deleting after the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 that}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  the word }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 if}{\fs24\lang2057\langfe5129\langnp2057\insrsid7107260 \'94,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 and substituting the word}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 is}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 4.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
Application of the rule in Saunders v Vautier}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Section 10 of the principal Act is}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986  amended by }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 repealing subsection (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986  and substituting the following -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }\pard \ql \li1296\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1296\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (1)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Notwithstanding any rule of law or equity to the contrary, where a trust instrument empower
s a trustee to accumulate income, or to refrain from making any distribution of capital or income until a specified date or event, or where any provision of the trust instrument otherwise prevents the making of any distribution of capital or income, notwi
t
hstanding that a beneficiary may, but for this section, otherwise be entitled to that accumulation or distribution, the trustee may, in his absolute discretion, subject to any other express terms of the instrument, give effect to that direction as he thin
ks fit notwithstanding that a beneficiary shall request the trustee to immediately distribute the accumulation or distribution and will give a valid discharge to the trustee for such distribution.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 amending subsection (2) by inserting after the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
accumulate income}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  wherever they appear, the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 or distribute capital}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 .
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 5.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Fraud}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 Section 13B of the principal Act is amended by adding after subsection }{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 (13)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7107260 ,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986  the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 following new subsections }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (14)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 For the purposes of assessing the liability of an i
nternational trust to a creditor under this section, where the amount of that creditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
s claim against the settlor is, wholly or partly, in any way related to or evidenced by a foreign judgement, the Court in making any award in favour of that creditor sha
ll disregard and exclude any amount awarded in that foreign judgement to that creditor which comprise any form of exemplary, vindictive, retributory or punitive damages (by whateve}{\fs24\lang2057\langfe5129\langnp2057\insrsid1514571\charrsid2646986 
r name), or is an amount of dam}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
ages arrived at by doubling, trebling or otherwise multiplying a sum assessed as compensation for the loss or damage (which types of damage are in this section together called }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 punitive damages}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ).
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (15)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 The burden of proof shall be on a creditor to establish that an amount awarded in a foreign judgement does not wholly or partly comprise punitive damages.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (16)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Subsection (14) shall not apply if, at the time o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 f settlement, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 establishment, or disposition, as the case may be, an award of puni}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 tive damages}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  has already been made in a foreign judgement against a settlo}{\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 r.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5913646\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 6.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Commencement of proceedings}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Section 13K of the principal Act is }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10447243\charrsid2646986 amended by }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 repealing subsection (5) and substituting the following }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (5)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Notwithstanding any other provision of this Act, the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 
 provisions of}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  this section and sections 13A to 13J inclusive of those sections, s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 hall apply to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  every international trust governed, or expressed to be wholly or part}{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 ly governed,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10447243\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 by the law of the Cook }{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 I}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 slands, including a trust that formerly was partly governed by the law of the Cook Islands but in respect o}{\fs24\lang2057\langfe5129\langnp2057\insrsid14033132 f}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  governing law of the trust has been changed (whether befo}{\fs24\lang2057\langfe5129\langnp2057\insrsid10447243\charrsid2646986 re}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 or after }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
registration) so that the trust, or any aspects of it, are governed, or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 expressed to }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 be go}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10447243\charrsid2646986 verned, by the law of the Cook I}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 slands, and, without limiting t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 he generality }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 of the foregoing and notwithstanding a}{\fs24\lang2057\langfe5129\langnp2057\insrsid14033132 
ny other law to the contrary, a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 ter the date of}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 registration }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 the settlement or establishment of such trust;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 every disposition to such trust, including any disposition occurring before the date of regist}{\fs24\lang2057\langfe5129\langnp2057\insrsid1514571\charrsid2646986 ration}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  or the change of law;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 every proceeding commenced after the date of }{\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 registration }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
concerning such settlement, establishment or d}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 isposition }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 shall be subject to the provisions of this section and of sections l}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 3A to 13J }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 inclusive of those sections as if upon the date that such settlement, es}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 tablishment }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 or disposition occurred, the trust was an international trust governed }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11102075 wholly and }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 excl}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 usively by the law of the Cook I}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 slands.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par 7. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 Certificate of }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid11102075 Registration }{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 - }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Section 16 of the principal Act is amen}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 ded by }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 deleting}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986  from subsection (3) the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 subject to }{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 section 26}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 ; an}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 d
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 adding at the end of subsection (3) the words}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
...provided the Registrar may, in his sole discretio}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 n, if he is}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 satisfied on application by a trustee of a trust that the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 failure to }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
make the application for renewal and payment of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 prescribed }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 fee was as a consequence of inadvertence on the p}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 art of any }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 interested party to th}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
e trust, extend the time for registration }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 accordingly.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 

\par }\pard \qj \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 8. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
Custodian trustees}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986  Section 19F o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 f }{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 he }{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 pr}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 ncipal Act i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 s }{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 amended by repealing subsection (5) and substituting the following }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (5)}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Without limiting any provision of this section, and except as varied by the trust instrument, the provisi
ons of this Act and the Trustee Companies Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 82 relating to a trustee}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
s powers, liabilities, functions, duties and discretions, shall apply equally to a custodian trustee, and in particular, without limiting the generality of the above, the custodian trustee }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \fi22\li1418\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 shall have the full powers of delegation conferred on trustees by section 19B;
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }\pard \ql \fi22\li1418\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 may permit assets to be held by or in the na}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
e of the managing trustee to facilitate the managing trustee}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
s management and administration of the Trust assets, or as otherwise directed by the managing trustee.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 9.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986 Protector of trust}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11233841\charrsid2646986  - Se}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ction 20 of the principal Act is repealed and the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986  following section substituted }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 20.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Protector of a trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 The terms of a trust instrument may provide for the office of protector of that trust.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 A protector shall have the powers, delegations or functions as are conferred on the protector by the trust instrument or by this Act, or as may be prescribed.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 A protector of a trust may also be a settlor, a trustee or a beneficiary of that trust.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Subject to the trust instrument, a protector of a trust shall not be liable or accountable as a trustee or other person having a fiduciary duty to any person in relation to 
any act or omission in performing the function of a protector under the trust instrument.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Where there is more than one protector of a trust then, subject to the trust instrument, any power or function conferred on the protectors may be exercised if th
e majority of the protectors for the time being agree upon its exercise.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (6)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 A protector who dissents from a decision of the majority of protectors may require his dissent to be recorded in writing and filed at the registered office of the trust, and subj
ect to the trust instrument, shall not be liable for the acts of the majority of protectors pursuant to such decision.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (7)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Any powers or functions conferred by this Act on a protector shall have effect subject to the terms of the trust instrument.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par 10.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Secrecy}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  Section 23 of the principal Act is hereby repealed and th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 following section substituted }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13962462\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 23}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Privacy}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Except where the provisions of this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid4422235 re}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 quire, and subject to this section, it shall be an offence under this Act for a person to divulge or communicate to any other person information relating to the est}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 blish}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 m}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ent, constitution, business undertaking or affairs of an international trust.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Al
l judicial proceedings, other than criminal proceedings relating to an international trust shall, unless ordered otherwise be hear in camera and no details of the proceedings shall be published by any person except in accordance with subsection (3).

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Every decision o}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 f the Court in respect of any pr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 oceedings concerning the application or interpr}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 etation of this Act shall be pub}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 lished or reported for the purposes of affording a record of those proceedings provided that in every case }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \li1418\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 the written decision of the Court shall b edited to such extent as shall be necessary to preserve secrecy in respect of the identity of th}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
trust, of every interested party and of the subjec}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  matter of the proceedings; and
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \li1418\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 no such decision shall be reported or published unless or until a judge of the Court}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 hall have ascertained the views of the partie}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 s
}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  to the proceedings as to the adequacy of }{\fs24\lang2057\langfe5129\langnp2057\insrsid12653142 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 editing undertaken, and certified in writin}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 to the Registrar of the Court that the decision as edited may be released for publication or repo}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 rti}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ng.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 Unless excluded by the terms of a trust instrumen}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  , a trustee or an officer or employee of a trustee or trustee company may divulg}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  or make available information relating to the establishment, constitution, business undertakings or affairs of an international trust }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \fi22\li1418\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 to any person or class of persons as th}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 trustee, officer or employee considers necessary from time to time, in its complete discretion, for c}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 arrying out}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  the management and administration of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
the trust assets in the ordinary course of business or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \fi22\li1418\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 to a legal practitioner }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \li2127\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2127\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 for the purpose of obtaining leg}{\fs24\lang2057\langfe5129\langnp2057\insrsid4422235 al}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 advice relating to establishment, constitution, business undertakings or affai}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 s of an international trust; or
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }\pard \ql \li2127\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2127\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 for the purpose of prosecuting or defending any litigation relating to the establishment}{\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
, constitution, business undertaki}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ngs or affairs of an international trust.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid5390374\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986 11. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986 Power of exemption}{\fs24\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986  Section 26 is amended by deleting from subsection (1), the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986 the Registrar}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986  and substituting the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986 the Commiss}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12810716\charrsid2646986 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid4422235 er}{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 .}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par 12. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 Form of trust records}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986  - T}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
he principal Act is amended by adding after section}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986  27B, the following new section }{\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 27}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 C.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 True records}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986  (1) Any records, accounts or documents relating to a }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
trust and held by either the Registrar or a trustee, including but not by way }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
f limitation, the trust instrument, may be established, kept or recorded in written, }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
agnetic, electronic or any other data storage form, provided that the records can }{\fs24\lang2057\langfe5129\langnp2057\insrsid4422235 b}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 e readily produced in written form.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 When an international tru}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 st has been terminated, or the C}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ook }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 I}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
slands trustee is removed or has resigned, each trustee shall ensure that the }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ecords in the possession of 
that trustee are retained by that trustee for a period}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986  o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
f three years from the said date of termination, removal or resignation as the case }{\fs24\lang2057\langfe5129\langnp2057\insrsid4422235 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
ay be, but thereafter the said records may be destroyed.
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
The Registrar may cause any records or registers in his possession to be destroyed after the expiration of three years from the date of deregistration, or from the date of expiry of the last certificate of registration of that trust under this Act.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2646986 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par 13. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 A}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 pp}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 lication}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 (1) Except where expressly provided to the contrary in this Act the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4422235 provisions of th}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
is Act shall apply to every international trust, whether registered before or after }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 the commence}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 ment of this 
Act, and to all matters relating to or concerning every such }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 international tru}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
st, or the interested parties to every such international trust.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
Nothing in this Act shall apply to or affect any proceedings commenced }{\fs24\lang2057\langfe5129\langnp2057\insrsid4422235 in the Court be}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 fore the coming into force of this Act.

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2829116\charrsid2646986  }{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
Section 50 of the Trustee Act 1956 (NZ) shall have no further application }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 to an international}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 trust, and any reference in a trust instrument to section 50 of the Trustee Act 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 956 (NZ) shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid7830381\charrsid2646986 
 be deemed a reference to section 19F of the principal Act.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid12653142 ---------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 

\par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
\par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid157569 {\fs24\lang2057\langfe5129\langnp2057\insrsid8417187\charrsid2646986 
This Act is administered by the Office of the Commissioner for Offshore Financial Services.
\par }}