Property_Split_in_Divorce_NSW_MIC_Lawyers
                     Property Settlement in Divorce 
– NSW
•Understanding how assets are divided after 
separation
⚬ Family Law Act 1975 framework
⚬ Applicable to married and de facto couples
What is a Property 
Settlement?
•Legal division of assets, liabilities, and financial 
resources
⚬ Can occur before or after divorce is finalised
⚬ Focuses on achieving a fair and equitable outcome
Step 1: Identify & Value the 
Asset Pool
•All assets and liabilities are disclosed
⚬ Includes property, savings, superannuation, 
businesses
⚬ Includes debts such as mortgages, loans, credit cards
Step 2: Assess Contributions
•Financial contributions (income, assets brought in)
⚬ Non-financial contributions (renovations, unpaid work)
⚬ Homemaker and parenting contributions
Step 3: Consider Future Needs
•Age and health of each party
⚬ Income earning capacity
⚬ Care of children
⚬ Financial resources available to each party
Step 4: Just and Equitable 
Outcome
•Court ensures final division is fair
⚬ No automatic 50/50 split
⚬ Each case assessed on individual circumstances
Superannuation in Property 
Settlements
•Super is treated as property
⚬ Can be split between parties
⚬ Requires formal agreement or court order
Time Limits for Property 
Claims
•Married couples: 12 months after divorce
⚬ De facto couples: 2 years after separation
⚬ Extensions require court permission
How Property Settlements Are 
Finalised
•Consent Orders through the Court
⚬ Binding Financial Agreements
⚬ Court determination if no agreement reached
Why Seek Legal Advice?
•Ensure full disclosure and accurate valuation
⚬ Protect your financial future
⚬ Avoid costly mistakes and delays
How MIC Lawyers Can Help
•Expert advice on family law matters in NSW
⚬ Negotiation and mediation support
⚬ Strong representation in court if required