De facto relationships and property settlements

New federal laws will commence in two months that will dramatically change how property division will be determined for de facto couples.

Separations that occur prior to the new legislation will be determined under the existing law and the new laws will only apply to separations occurring after commencement (estimated in March 2009).

There are substantial differences between the current law and the new law. Currently de facto couples cannot pursue spouse maintenance and they cannot include superannuation in a property settlement. Under the new law these two matters (and others) can be pursued.

This WILL have a dramatic impact on what is received in a property settlement.

(source Michael Lynch Family Lawyers - family Flyer 2009)

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