Part 15Family property
199Abolition of presumption of advancement
1
The presumption of advancement (by which, for example, a husband is presumed to be making a gift to his wife if he transfers property to her, or purchases property in her name) is abolished.
2
The abolition by subsection (1) of the presumption of advancement does not have effect in relation to—
a
anything done before the commencement of this section, or
b
anything done pursuant to any obligation incurred before the commencement of this section.