Trusts Act 2025
sec.64Duty to keep accounts and other records
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sec.64 Duty to keep accounts and other records
A trustee has a duty, in administering a trust, to— keep accurate accounts and records for the trust; and keep the accounts and records for at least 3 years after the termination of the trust. If a person is the trustee of more than 1 trust, the person must keep separate accounts and records for each trust. (sec.64-ssec.1) A trustee has a duty, in administering a trust, to— keep accurate accounts and records for the trust; and keep the accounts and records for at least 3 years after the termination of the trust. (sec.64-ssec.2) If a person is the trustee of more than 1 trust, the person must keep separate accounts and records for each trust.
- (a) keep accurate accounts and records for the trust; and
- (b) keep the accounts and records for at least 3 years after the termination of the trust.