Section 79 of the Family Law Act provides the Court to make relevant orders for property settlement, in the event of a relationship breakdown.
Many people hold an incorrect view about the divorce process and property settlement process. It is quite common for people who have separated from their spouse to think that their divorce and their property settlement are the same process. However this is not the case. In fact, your divorce and your property settlement are two separate processes.
It is important to know that once you are divorced, there is a time limit of 12 months from the date of your divorce within which to legally document and finalise your property settlement i.e., by way of consent orders, binding financial agreement or final orders made by the Court.See below for some of the most frequently asked questions in relation to property settlements.
Armstrong Legal are Australian Family Lawyers who specialise in property settlements and superannuation splitting. If you need assistance with a property settlement please call us on 9261 4555.
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