Military invalidity pensions, compensation and Family Law

Key Points:Separating couples with a current or former ADF member often face unique financial issues in family law property matters.The Federal Circuit and Family Court of Australia treats military superannuation, invalidity pensions, and compensation under the Military Rehabilitation and Compensation Act 2004 (Cth) differently.The Court examines what the payment is…

Comments Off on Military invalidity pensions, compensation and Family Law

BFA – Binding Financial Agreements

Key Points:What is a Binding Financial Agreement (BFA)?A Binding Financial Agreement (BFA) is a legally enforceable contract that couples—married or de facto—can enter into under the Family Law Act 1975 (Cth). It outlines how assets, liabilities, superannuation and financial matters will be dealt with if the relationship breaks down in…

Comments Off on BFA – Binding Financial Agreements

Family Law Property Disputes: “The Four-Steps Approach”

The Fourt-Steps Approach.Over the last twenty years,  the Full Court of the Family Court has developed and fine-tuned a method to determine the appropriate adjustment of property in a family law matter when applying its powers under the Act, it is known as “the four-steps approach” . [1]Step One – “The Pool”.Step…

Comments Off on Family Law Property Disputes: “The Four-Steps Approach”