Binding Financial Agreement & Provisions of Family Law Act

While binding financial agreement, Parties may wish to determine the ownership of their assets and liabilities whilst contemplating or living in a relationship (including same-sex relationships), contemplating entering into a marriage, during a marriage or after a divorce, may wish to set out terms in an agreement which determines how their property and liabilities should be determined should their relationship break down.

Provisions in relation to Binding Financial Agreement came into effect in the Family Law Act in 2000.

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