Property Settlements and Financial Agreements
At Galloway Family Law, we are highly experienced and knowledgeable in the area of property division and settlements. We can provide valuable assistance in determining how income, financial resources and debts are divided between you and your former spouse.
Property settlement upon relationship breakdown is governed by the provisions of the Family Law Act and, where separated spouses cannot agree on their property settlement, disputes are determined by either the Family Court of Australia or the Federal Magistrates Court.
Property settlements can arise through agreement of the parties, subject to approval by the court, or by court order. Once approved, the settlement functions like a contract for enforcement or modification purposes.