Search

The great NZ trust crackdown

Updated: Nov 2, 2021

New trust legislation in New Zealand will affect accountants as well as trustee clients, so it’s time to weigh the options.


  • Reforms to trusts laws in New Zealand are expected to trigger a reduction in the number of trusts.

  • Up until now trustees have enjoyed a high level of privacy, which will be challenged.

  • Many CAs act as co-trustees, and their obligations are increased under the new law.

Exiting clients from trusts to alternative

Bernard Mazur CA, the managing director of Auckland-based accounting and advisory firm Acudio, says he has been trying to exit clients from trusts for a long time as the usefulness of the structure has declined.