15 Jul 2016
JOHNSON v JOHNSON [2016] NZHC 1606
- Citation
- [2016] NZFLR 634
- Court
- High Court
The High Court has jurisdiction under s7 and s33 of the Property (Relationships) Act 1976 to order a NZD lump sum to equalise relationship property despite the bulk of assets being offshore and placed in a trust; a set‑off of the smaller NZ assets against the larger offshore amount is required and the order is properly expressed in New Zealand dollars; interest is payable on the net amount from 1 March 2011 at the average annual bank term deposit rates published on interest.co.nz up to the judgment date; costs are awarded to the applicant on the High Court 2B scale with a 50% uplift for disco…