New Zealand Legislation: Acts

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 one of the spouses or partners, this section is modified by section 86.

  Section 18C: inserted, on 1 February 2002, by section 17 of the Property (Relationships) Amendment Act 2001 (2001 No 5).

  Section 18C(2): amended, on 26 April 2005, by section 3(2) of the Property (Relationships) Amendment Act 2005 (2005 No 19).

  Section 18C(3): amended, on 26 April 2005, by section 3(1) of the Property (Relationships) Amendment Act 2005 (2005 No 19).