Under the Family Law Act, the Court will not make property settlement orders unless the proposed orders are ‘just and equitable’. The Court will consider contributions made by the parties to the relationship and property pool, such as:-
- Financial contributions (for example, income earned from work or lump sums received by a party)
- Non-financial contributions (for example, efforts made to improve or maintain the value of assets)
- Contributions as a parent (for example, day to day parenting duties and responsibilities)
- Contributions as a homemaker (for example, day to day cleaning, cooking and household maintenance)
The Court will also consider current and future needs factors of each party, such as health, age, income and care of dependents.
This process ensures that orders for property settlement are fair and appropriate, taking into account the circumstances of the parties and the relationship.
Do you have other questions or need support? Our Support Team will respond to all enquiries within 24 hours.