Part III Modernity, 6 Supervising Due Administration
- Performance of contract
This chapter examines how the Court facilitates the ongoing performance of trusts by supervising internal matters of trust administration. Traditionally, the Court undertook the general administration of trusts in Equity by receiving trust property and directing accounts to be taken before a Chancery Master, with a report issued thereafter and further judicial intervention in trust administration as required. Whilst the Court still supervises the taking of accounts in trust administration where necessary, the disclosure of trust information has evolved as a prominent aspect of the supervisory jurisdiction over trust administration that is expedient in enabling extrajudicial auditing of trust administration, thereby facilitating the performance of trusts without paralysing trust administration in the process or causing unnecessary delay and expense.