In Australia, there are two ways of reaching a formal agreement regarding property settlement after a divorce or separation- consent orders and binding financial agreements.  

During a formal property settlement process, either party may request Full and Frank Disclosure of the other party’s financials, this is when a financial questionnaire and balance sheet will be used. 

Consent orders are most commonly used in family law following the breakdown of a marriage or de-facto relationship. Consent orders are typically used to finalise an agreement regarding child custody, financial and property agreements.

Getting A Divorce? We’ve put together a step by step guide to help educate you on the divorce process in NSW, Australia.