The Parliament of New Zealand enacts as follows:
This Act is the Contractual Remedies Amendment Act 2016.
This Act comes into force on 1 March 2017.
This Act amends the Contractual Remedies Act 1979 (the principal Act).
After section 4, insert:
Stipulations in contracts as to time or otherwise that would not, before 13 September 1882 (the date of the coming into force of the Law Amendment Act 1882), have been deemed to be or to have become the essence of such contracts in a court of equity must receive in all courts the same construction and effect as they would have received in equity before that date.
Compare: 1908 No 89 s 90
14 September 2016
Divided from Judicature Modernisation Bill (Bill 178–2) as Bill 178–3K
11 October 2016
17 October 2016
This Act is administered by the Ministry of Justice.