New Zealand Case Law: Decisions & Judgments | LexChat

Topic

Consent requirement

Legal area

Court

1 Jun 2021

THE CHIEF EXECUTIVE OF LAND INFORMATION NEW ZEALAND v ZHANG [2021] NZHC 1266

Citation

[2021] NZHC 1266
Court

High Court

Court accepted agreed starting range of $135,000–$140,000 for a moderately serious but inadvertent breach, applied a 20% discount for mitigation (cooperation, early admission, remedied by change in residency) and imposed a civil pecuniary penalty of $110,000 with $15,000 contribution to regulator costs.
8 Jun 2020

CHIEF EXECUTIVE OF LAND INFORMATION NEW ZEALAND v CHOR LTD [2020] NZHC 1254

Citation

[2020] NZHC 1254
Court

High Court

Where beneficial ownership of the property remained with the original beneficiaries from acquisition to sale, the quantifiable gain is attributable to the trust and a penalty equivalent to the net quantifiable gain is appropriately imposed under s 48(1) and (2)(b); accordingly Chor must pay $539,914.47 and $15,000 towards costs.