Illegal Contracts Act 1970
| Illegal Contracts Act | |
|---|---|
 | |
| New Zealand Parliament | |
| An Act to reform the law relating to illegal contracts | |
| Date of Royal Assent | 01 December 1970 |
| Date commenced | 01 December 1970 |
| Administered by | Ministry of Justice |
| Status: Current legislation | |
The Illegal Contracts Act [1970] manages how the law handles contracts that are deemed illegal under either common law or under Statute.
Under this law, all such contracts are deemed illegal, but it gives wide discretionary powers to grant relief, including granting orders such as ordering:
- validation ie.declaring the contract to be either partially or fully enforceable
- variation of the contract
- restitution
- compensation (damages)
External links
- Illegal Contracts Act [1970] text of the Act
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