The Property (Relationships) Act 1976 is a New Zealand statute that primarily deals with the division of property of married couples, de facto couples and civil union couples when they separate or when one of them dies. In general, the couple's property is to be divided equally between them.
The Act was previously called the Matrimonial Property Act 1976 but amendments in 2001 changed the scheme of the Act considerably hence "Matrimonial Property" was replaced with "Property (Relationships)" in the short title. The 2001 amendments extended the property division regime in the Act to include heterosexual and homosexual de facto partners, making it one of the first New Zealand statutes to acknowledge same-sex relationships. In 2005 the Act was amended again to include civil union partners following commencement of the controversial Civil Union Act 2004.
Read more about Property (Relationships) Act 1976: Contracting Out Agreements
Famous quotes containing the words property and/or act:
“There is something that Governments care for far more than human life, and that is the security of property, and so it is through property that we shall strike the enemy.... Be militant each in your own way.... I incite this meeting to rebellion.”
—Emmeline Pankhurst (1858–1928)
“It is only in the act of nursing that a woman realizes her motherhood in visible and tangible fashion; it is a joy of every moment.”
—Honoré De Balzac (1799–1850)