Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Improving the law for dividing property

9 October 2017

Improving the law for dividing property when relationships end

When should the law treat two people as a couple? What property should they share if they break up and what property should belong to only one of them?

The Law Commission is reviewing the 40-year-old Property (Relationships) Act, which sets the rules for how to divide a couple’s property at the end of a relationship.

In the last forty years, New Zealand has changed a lot. This includes the way relationships and families form, how they function and what happens when relationships end.

On 16 October the Law Commission will launch a paper asking New Zealanders how the law could be better: Dividing Relationship Property: Time for Change? - Te mātaatoha rawa tokorau – Kua eke te wā?

Details of the launch and media conference are:

• Monday, 16 October 2017

• 10am

• Law Commission Boardroom

• Level 19 ANZ Centre

171 Featherston St, Wellington

"Dividing property when a relationship ends can be challenging," says Commissioner Helen McQueen. "The law needs to help people resolve their relationship property matters in a just and efficient way."

Some of the questions the Commission is asking are:

• Does the law apply to the right relationships?

• Is the right property being shared?

• What should happen when trusts are used to hold property?

• What should happen if one person is financially worse-off after their relationship ends?

• Is tikanga Māori recognised?

• How should the law meet the interests of children?

• How can the law be inexpensive and simple to apply while still being just?

• Should the same law that applies when a couple separates also apply when one partner dies?

The Commission will consult with the public until February 2018. Its final report is due in November 2018.

"The Property (Relationships) Act 1976 affects nearly every New Zealander, either directly or indirectly. It’s important that everyone has a say," says McQueen.

The Commission will also launch a consultation website on 16 October: prareview.lawcom.govt.nz.

It will also hold public meetings where people can share their stories. Details of the meetings are on the Commission’s website.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

Real Estate: House Price Growth Rates In Hawke’s Bay Skyrocket Ahead Of Rest Of New Zealand

Hawke’s Bay is leading the property ‘pack’ proving a post lockdown land of milk and money, continuing to outstrip the rest of the country with the highest annual growth rate in house price values. But experts warn an overheated market is fast ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>