Property (Relationships) Amendment Act 2001
| Property (Relationships) Amendment Act 2001 | |
|---|---|
| New Zealand Parliament | |
| |
| Commenced | 1st day of February 2002. |
| Legislative history | |
| Passed | 3 April 2001 |
| Amended by | |
| The Property (Relationships) Act 1976 was renamed from 1 February 2002, by s 5(2) of the Property (Relationships) Amendment Act 2001 (2001 No 5) as a part of these amendments. The title wording of the "Matrimonial Property"; as it was known initially was adjusted to the current "Property (Relationships)". The Act is commonly confused due to this particular amendment. | |
| Related legislation | |
| Property (Relationships) Act 1976; Property (Relationships) Amendment Act 2005 (2005 No 19) | |
| Status: Current legislation | |
The New Zealand Property (Relationships) Amendment Act 2001 was implemented to provide essential updates to the Property (Relationships) Act 1976 (previously called the 'Matrimonial Property Act 1976'). The act updates definitions to include same-sex relationships, death in marriages and De facto separation. It re-outlines requirements in to the division of property and aims to modernize past concepts of relationships, marriage and property involved in such arrangements. The amendment specifically states its recognition of male and female relationship equity, socioeconomic status, same sex relationships and children; providing updates in definition since development in related legislation. The main policy of the Property (Relationships) Amendment Act 2001 cites a goal for equal sharing of property from both relationship parties; upholding values of fairness and justice.