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StatuteProperty (Relationships) Act 1976

Section 18C — Property (Relationships) Act 1976: Compensation for dissipation of relationship property after separation

Text of the provision Official document

18C Compensation for dissipation of relationship property after separation (1) In this section, relevant period has the same meaning as in section 18B . (2) If, during the relevant period, the relationship property has been materially diminished in value by the deliberate action or inaction of one spouse or partner ( party B ), the Court may, for the purposes of compensating the other spouse or partner ( party A ),— (a) order party B to pay party A a sum of money: (b) order party B to transfer to party A any property, whether the property is relationship property or separate property. (3) In proceedings commenced after the death of 1 of the spouses or partners, this section is modified by section 86 . Sections 11 to 18, and the headings before sections 11 and 15, were repealed, and a new Part 4 (comprising sections 11 to 18C) was inserted, as from 1 February 2002, by section 17 Property (Relationships) Amendment Act 2001 (2001 No 5). See Part 9 of this Act as to the transitional and saving provisions. Subsection (2) was amended, as from 26 April 2005, by section 3(2) Property (Relationships) Amendment Act 2005 (2005 No 19) by substituting the word “ partner ” for the words “ de facto partner ” in both places they appear. Subsection (3) was amended, as from 26 April 2005, by section 3(1) Property (Relationships) Amendment Act 2005 (2005 No 19) by substituting the word “ partners ” for the words “ de facto partners ” .

Official source: legislation.govt.nz

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