DIVIDING PROPERTY
Finding out where you stand early in a matter can help you understand what orders a court is likely to make, which makes decision-making easier. Reaching agreement is always preferred, but if this cannot be achieved quickly, it is often best to move forward with court proceedings. These processes are designed to help resolve preliminary issues such as valuations and also require parties to attempt mediation. Also applying for divorce? See our step-by-step Divorce Guide.
If mediation is not successful, you will already have the preliminary steps completed, which allows you to move forward to a trial date with less delay. In many cases, this can cost less than spending months exchanging letters back and forth without resolution.
HOW PROPERTY SETTLEMENT WORKS IN AUSTRALIA
When a relationship ends, property settlement is the process of working out how assets, liabilities and financial resources should be divided. This can include real estate, savings, superannuation, businesses, debts and other shared or individual property interests.
In many matters, an agreement can be reached without going to a final court hearing. The process often begins with identifying the asset pool, considering the contributions made by each party, and then assessing future needs and circumstances. The goal is to reach an outcome that is just and equitable in the circumstances.
If agreement cannot be reached early, the matter may proceed through negotiation, mediation or court processes depending on the complexity of the dispute.
STEPS INVOLVED IN PROPERTY SETTLEMENT
1. Determining the pool of assets, liabilities and superannuation available – this can include the valuation of certain assets by agreed or appointed experts for properties, businesses and even superannuation. It can also involve the adding back of assets lost by a party, for example by gambling or wasting of assets.
2. Assessing the contributions of the parties over the course of the relationship at the start, during the relationship, and also after separation up until trial, being:
- Financial contributions – such as the assets held at the start of the relationship, any windfalls/payments received during the relationship such as personal injury proceeds or inheritances, and anything done financially after the parties have separated but before a court decides what to do.
- Non-financial contributions– being contributions to improve assets like unpaid building renovations and improvements.
- Contributions as a homemaker – in looking after a household including looking after children.
3. Assessing the factors gathered together in Section 75(2) of the Family Law Act which make adjustments for such factors as:
- Age
- Care responsibilities for children and others
- Ability to earn an income, including qualifications and experience, or a lack of them
- Property and financial resources available to the parties
- Health of the parties
- A standard of living which is reasonable in the circumstances
- The wish of a parent to continue in the role of being a parent
- The circumstances of any new relationship where relevant
4. After looking at the above factors, the court must assess what result is achieved by the above 3 steps and then apply those findings to the assets and liabilities of the parties in deciding to how the court will make an order which is “just and equitable”.
PROPERTY SETTLEMENT LAWYERS GOLD COAST — HOW WE HELP
Property settlement can quickly become complex, particularly where there are multiple assets, business interests or disagreements about contributions. Getting clear advice early can help avoid unnecessary delays and reduce the risk of ongoing disputes.
Our team assists clients across the Gold Coast with property settlement matters following separation or divorce. We provide practical guidance on asset division, negotiation strategies and the legal process, helping you understand your position and the options available.
Where possible, we focus on resolving matters efficiently through negotiation or mediation. If required, we can also assist with formalising agreements or representing you through court proceedings.
If you are unsure about your next step, speaking with a property settlement lawyer can provide clarity around your rights, obligations and the most appropriate path forward. Contact us to discuss your situation.
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RELATED PAGES
Divorce — the process and timeline
Children & Parenting — parenting plans and consent orders
Meet the Team — your family law specialists
Contact — request a consultation