In a Divorce Who Gets What?
In Australia, the laws governing the distribution of property and assets during a divorce are contained in the Family Law Act 1975. The general principle is that the court will aim to divide the property and assets of the parties in a just and equitable manner, having regard to the financial and non-financial contributions made by each party to the acquisition, conservation, and improvement of the property, and the future needs of each party and any children of the marriage. There are several factors that the court may consider when determining how to divide the property and assets of the parties, including: The financial and non-financial contributions made by each party to the acquisition, conservation, and improvement of the property. The future needs of each party, including the need to provide for any children of the marriage. The income, property, and financial resources of each party. The age and health of each party. The commitments of each party to the welfare of any ch...