The community had been the subject of allegations of sexual abuse and abusing workers' rights.
Meanwhile, the parties to the High Court proceedings brought by former Gloriavale member John Ready against the Christian Community Charitable Trust and others have reached a settlement.
The Public Trust was last month invited to join a judicial settlement conference in Greymouth "at the request of all parties", according to a media statement from the courts.
A resolution was reached at the conference, with the Public Trust agreeing to perform a reviewing role for a period of 18 months, with regular reports made to the High Court.
"The parties are pleased with the outcome which will help to ensure the ongoing future of Gloriavale as a faith-based community," the media statement said.