Trusts Act 2025
sec.67Duty of trustees who are professional investors
Start here
Get a plain-English read of sec.67
Turn the raw legal text into a practical explanation grounded in Trusts Act 2025.
sec.67 Duty of trustees who are professional investors
This section applies to a trustee if the trustee is a professional investor. The trustee has a duty, in exercising an investment power, to exercise the care, diligence and skill that a prudent person engaged in the trustee’s profession, business or employment would exercise in managing the affairs of other persons. This section applies subject to a contrary intention in the trust instrument. See also part 5 , division 2 in relation to a trustee’s general duty in administering a trust. (sec.67-ssec.1) This section applies to a trustee if the trustee is a professional investor. (sec.67-ssec.2) The trustee has a duty, in exercising an investment power, to exercise the care, diligence and skill that a prudent person engaged in the trustee’s profession, business or employment would exercise in managing the affairs of other persons. (sec.67-ssec.3) This section applies subject to a contrary intention in the trust instrument.