Divorce and Dividing a Business Asset in Australia

Divorce and Dividing a Business Asset in Australia

For many Australian couples business and pleasure are in fact mixed, with entrepreneurial spirit thriving, lots of couples run businesses together, whether these are start-ups, small businesses, local business or multinational companies. Separating the finances of a business, whether large or small, can be very tricky, but there are some common points that a person…

Divorce Preparation – Family Court Australia Legal Words Used in Court and Their Definition

Divorce Preparation - Family Court Australia Legal Words Used in Court and Their Definition

Abuse – in relation to a child, is defined in subsection 4(1) of the Act. For convenience, the definition is set out below with the definition of ‘Family Violence’. Address for service – the address given by a party where documents can be served on them by hand, post or some other form of electronic…

What Should You Be Aware Of With Consent Orders

Eventually most former couples reach some of agreement about either parenting arrangements for their children, how they are going to divide their property in their settlement, or regarding both issues. Once you have, there are major risks with leaving your agreement as an informal agreement, whether it is only a verbal agreement or whether you…

How Much Will I Get or Have to Pay in Our Property Settlement?

What Is Family Law Property Settlement and What Does It Involve? After you separate at some stage it will be necessary to divide your property through a property settlement. Property settlement includes assets, liabilities and financial resources. Financial Resources include superannuation and pension interests. The definition of ‘property’ is very wide. It will include almost…

What Is the Time Limit for Asset Division After a De Facto Relationship Ends

With the exception of those in Western Australia, the Family Law Act applies to de facto and same-sex couples if you separated: After 1st July 2010 if you are from South Australia After 1st March 2009 if you are from Queensland, New South Wales, Victoria, Tasmania, Australian Capital Territory or Northern Territory Property settlement division…