Consent Orders are a way for parties to formalize an agreement they’ve reached dividing their assets and liabilities or formalizing the arrangements for the future care of their children Without having to go to court. It is done by making an application to the Family Court Which sets out the specifics of the agreement that you’ve reached. Once the court makes Orders in accordance with your agreement it becomes legally binding in the same way as if the court had made Orders pursuant to a contested hearing. Property settlement Orders and the financial relationship between you and Orders a formalizing your parenting arrangements give you both peace of mind for the future.
What financial matters can and can’t a Consent Order deal with?
Financial Consent Orders include the transfer of assets between the parties on the sale of assets and the division of the net proceeds of sale. Any assets can be included such as real estate, bank accounts, trusts, companies, cars and superannuation.
Financial Consent Orders cannot however deal with child support matters. The child support agency typically looks after the payment of child support and you can enter into your own private child support agreement if you want to However these are not matters that are covered by Consent Orders.
