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REPUBLIC OF NAURU GOVERNMENT GAZETTE PUBLISHED BY AUTHORITY EXTRAORDINARY No. 216 6th October, 2023 Nauru G.N.No. 1108/2023 TRUSTS (TRUSTEE DUTIES) REGULATIONS 2023 ___ SL No. 34 of 2023 ___Notified:

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What is responsibility and trust obligations?

Responsibility and trust obligations refer to the duties and commitments an individual or entity has when managing assets or funds on behalf of others, ensuring proper handling, reporting, and accountability.

Who is required to file responsibility and trust obligations?

Individuals or entities managing trust funds, fiduciaries, guardians, or any parties responsible for handling assets for beneficiaries are required to file responsibility and trust obligations.

How to fill out responsibility and trust obligations?

To fill out responsibility and trust obligations, gather required documentation, provide detailed information about the managed assets, beneficiaries, and any transactions, and follow the specific forms and guidelines provided by the governing authority.

What is the purpose of responsibility and trust obligations?

The purpose of responsibility and trust obligations is to ensure transparency, accountability, and proper management of assets, protecting the interests of beneficiaries and ensuring compliance with legal requirements.

What information must be reported on responsibility and trust obligations?

Information required typically includes details of assets managed, income generated, expenditures, names and addresses of beneficiaries, and a statement of compliance with legal and fiduciary responsibilities.

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