Search this question online and you will find people answering it with total confidence in both directions. One says a parent can move wherever they like. Another says it is illegal to move at all. A third says you can move anywhere within your state but not across the border. None of that is quite …
A common story goes something like this. Three hundred thousand dollars moves out of a joint offset account. By the time the other person finds out, it has gone into cryptocurrency, and by the time anyone asks properly, the explanation is that it was lost in a scam. Now it is settlement time, and one …
For a long time, people who had been financially controlled during a relationship found that the law had very little to say about it once the property was divided. The money was counted. What had been done to get it, or to keep it out of one person’s hands, largely was not. That has changed. …
When parties separate, the first step in determining the division of property is to work out the pool that is to be divided. Real estate, motor vehicles, bank accounts and investments such as share portfolios and superannuation and other assets of value comprise examples of property that may be included in the asset pool. Liabilities …
The Federal Circuit and Family Court of Australia has the power to determine the distribution of assets and liabilities between parties in a manner which is just and equitable. The Court will exercise its discretion in family law disputes with a particular focus on the parties’ financial and non-financial contributions (including in their capacity as …
When parties separate, it is not uncommon for a party to have little knowledge about the other party’s individual financial affairs or even the joint finances of the parties. This may arise where one party was responsible for administering the parties’ finances during the course of the relationship. Financial disclosure enables parties to identify the …
Binding Child Support Agreements are written agreements between parents or carers which cover child support arrangements. They were implemented to allow parents flexibility to make different arrangements concerning the payment of child support and other child-related costs whilst still providing a high level of certainty for the payee and payer parents. The purpose of child …
It has been one year since Hannah Clarke and her three young children, Aaliyah, 6, Laianah, 4 and Trey, 3, were murdered by their estranged husband and father on a residential Brisbane street. To the outside world, Rowan Baxter was a loving and attentive father, who despite being separated from his wife, was a devoted …
Spousal maintenance is the provision of financial support of one spouse by the other following the breakdown of a marriage or de facto relationship. A more familiar term for spousal maintenance is “alimony”, which is used readily in the United States of America. Spousal maintenance differs from child support and adult child maintenance, which specifically …
What is Capital Gains Tax (CGT)? Capital Gains Tax (CGT) is a tax paid when an asset is sold, disposed of, or transferred. Assets attracting CGT include investment properties, shares or collectables. The ‘capital gain’ is the difference between the price that the asset was originally acquired for and the amount for which it was …
