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DUTIES ACT 2001 - SECT 421 What is matrimonial property

DUTIES ACT 2001 - SECT 421

What is matrimonial property

421 What is matrimonial property


"Matrimonial property" is property of the parties to a marriage or of either of them that is—

(a) residential land, the residence on which is for use as the principal residence of the party to whom it is to be or is being transferred; or
(b) a vehicle for use for private purposes by the party to whom it is to be or is being transferred.