If you are in a de facto relationship, there could be significant financial implications for you if you separate, or if your partner (or you) dies
The principal piece of legislation which deals with the division of property belonging to couples or married couples is the Property (Relationships) Act 1976 (the PRA). Substantial reforms in 2001 extended the scope of the PRA to cover de facto relationships. But what exactly constitutes a de facto relationship in the eyes of the law?
We have looked at the implications of the Personal Properties Securities Act 1999. Another recent case, between the Bank of New Zealand and Waewaepa Station 2002 Limited, highlights the ability of a creditor, who in this case is the Bank of New Zealand, to recover from the purchaser of stock where the seller of stock had given a charge in favour of the creditor.
Welcome to the Edmonds Judd blog. Here we update the latest news and events at both Edmonds Judd and in the legal world.
Here is the link to the latest Rural eSpeaking
In this issue:
- Personal Property Securities Act Pitfalls: take care when goods are leased or being stored elsewhere
- The ‘Moderated’ Emissions Trading Scheme: what’s the deal?
- Over the Fence: Sharemilkers and Fonterra’s capital restructure – New minimum wage rates – Holiday entitlements for Easter – Holiday entitlements for ANZAC Day
The next issue of Rural eSpeaking will be published in mid-July.