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About assets

Transcript

An asset is anything you or your former partner owns, or have a financial interest in, that has value.

In a financial settlement under Australian family law, you must disclose all assets — whether they are in your name, your former partner’s name, joint names, or held through a company or trust. This includes property, money, investments, superannuation, business interests, and valuable personal items.

The Court looks at the total asset pool (assets minus liabilities) when determining a division of property. If you are unsure whether something counts as an asset, it is safer to disclose it.

We've added a selection of common assets that you can quickly add to save time.

Start by adding bank accounts, shares or any property you or your partner owns.

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