30 Jun 2021
MEO v MEO [2021] NZHC 1601
- Citation
- [2021] NZHC 1601
- Court
- High Court
The Seatoun loan repayments made to a family trust were payments to trust property and therefore outside the Family Court's jurisdiction under s 18B; they should not have been included in the s 18B compensation calculation. The Family Court correctly treated retained earnings as part of company equity reflected in share valuation and did not err in its valuation approach. Consequently the appeal is allowed in part and the Family Court equalisation payment is reduced to account for removal of the Seatoun s 18B item.