Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Still Time To Fix Up Property Relationships Law

There Is Still Time To Fix Up Property Relationships Law

ACT Justice Spokesman Stephen Franks is urging the Government to use the time still available to fix up the huge problems with the Property Relationships Bill before it is passed into law.

“It is amazing that the Government and the bill’s promoter Margaret Wilson have not as yet taken advantage of the long delays in the committee stages to remedy any of the mistakes in the draft legislation.

“We thought the delays meant the Government was having a few wise second thoughts about some of the absurd provisions – but apparently not, which is a great pity.

“This law, as it currently stands, will cause huge unhappiness. It will usurp the intentions of people when they make out their wills. It will encourage those in de facto relationships with property to break up their relationships to protect security. The ensuing chaos will simply put more money in the coffers of lawyers as the number of property relationship disputes escalates enormously.

“Even de facto couples who simply want to preserve their current arrangements will be unable to avoid lawyers. If only one quarter of the country’s 120,000 de facto couples try to contract out of the new law next year there could be $60 million in extra revenue for the country’s lawyers from just those contracts alone. There are about 700 family lawyers so from that business alone, they could each gross an extra $85,000 average.

“The Law Society confirmed to the select committee that legal advice will cost between $250 and $2,000 for each de facto partner - for reasonably straightforward cases. Where there are company shares, or trusts are required, it will cost much more.

“This legal appetiser comes just from couples who want to stay as they are now, and who agree with each other. The main course will be the boom in court cases and in separations. The dessert comes from family asset restructuring to avoid the risks that future opt out contracts will not be upheld.

“All of this was quite unnecessary. Parliament should use the time still available to fix these problems. Even just a change which sees the law apply only to relationships starting after the commencement date of the Act would be a start,” Mr Franks said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

NZEI: Primary Teachers And Principals Vote To Reject Offers

Primary teachers and principals have resoundingly rejected the Government’s latest collective agreement offers...

NZEI Te Riu Roa President Lynda Stuart said members had sent a clear message that the offers did not address concerns about the growing teacher shortage, time to teach and support for children with additional learning needs. More>>


No Confidence In GWRC: Bus Drivers Vote For Strike Next Month

The Wellington Tramways Union today voted overwhelmingly for bus drivers to strike because of the breakdown in negotiations with the Wellington bus operators. More>>


Unanimous: MP Pay Freeze Bill Passes

“The Remuneration Authority (Members of Parliament Remuneration) Amendment legislation, to freeze the pay of MPs for one year, has been passed unanimously by the House today." More>>

Gordon Campbell: On The Party Of No Ideas

The striking thing about the issues that have had political coverage over the past few months is the almost total lack of policy content to any of them. To date, Her Majesty’s Opposition have been entirely focussed on failings in Beehive management.. More>>


America's Cup: Environment Court Grants Consents

Auckland Mayor Phil Goff says, “I welcome today’s decision by the Environment Court to grant consent for the bases and associated infrastructure to host the 36th America’s Cup." More>>


Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice. Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted... More>>


Medical: New Surgical Mesh Safeguards

The Government has introduced strict new safeguards on the use of surgical mesh that are expected to limit its use in urogynaecological surgery. More>>


Handley Handling: Fired Chief Technology Officer Releases Communications

In the interests of drawing a line on this issue, today I am releasing a detailed timeline of events and all of the emails and texts between myself and Clare Curran, and myself and the Prime Minister about the role and my move back to New Zealand. More>>





InfoPages News Channels