The Trusts Act 2025 (Qld) commenced on 28 April 2026, repealing the Trusts Act 1973. It applies to all Queensland trusts, whether created before or after commencement. Changes include:
- statutory duties of care, diligence and skill, and to act honestly and in good faith (ss 60 to 63)
- duties to keep accounts and records and to make them available to beneficiaries (ss 64 and 65)
- a limit of four trustees for most trusts, unless the court approves more (ss 14 and 15)
- new powers to replace a last continuing trustee who has died, lost capacity or become insolvent (ss 21 to 23)
- a court power to disqualify persons from acting as trustees (s 168)
- a new process for Attorney-General approval of cy-près schemes for charitable trusts (ss 202 to 210)
Chancery’s barristers advise on and appear in all aspects of the new Act. See our Services page.