In what financial matters can and cannot a Consent Order be used?

 

Consent Orders cover all types of financial matters, ranging from transferring property from joint names to one person’s name to arranging for a superannuation split.  A consent order can include closing bank accounts or transferring balances from one party to another. A consent order may require one party to make a payment to the other within a certain timeframe or to transfer a motor vehicle from joint names to one party’s name.  In addition to simple matters, consent orders can deal with more complex ones, such as the transfer or winding up of family trusts, the transfer of companies and/or their assets. As a general rule, any assets and liabilities owned by the parties can be dealt with in (financial) Consent Orders. Companies and trusts can also be bound by consent orders, and the parties can be required to act on behalf of their owned or operated companies or trusts. An individual can also receive assets from a trust or company.

 

Child support issues, however, cannot be dealt with in a consent order. So if you want to have an agreement for the payment of child support for a child or children of the relationship not covered by your consent order. Generally, child support matters fall under the jurisdiction of the child support agency. You can also have your own private and formalised child support agreement if you wish, but this document is known as a Binding Child Support Agreement, which differs from Consent Orders made by the court based on a property settlement.

If you have any questions in relation to consent orders please contact us to discuss your  proposed agreement. We provide an instant quote for your agreement online that is fixed and includes all aspects of the documentation and submission process. General information about Kate Austin Family Lawyers  can be found on our home page or if you would like information about our story or Rachel and Brendan there are links on our home page.

Kate Austin Family Lawyers provides a national service. Family Law is a federal jurisdiction so the law are uniform across the country. No matter where you are located we can assist. Sunshine Coast  Newcastle  Canberra Sydney  Melbourne 

This information is general in nature and cannot be interpreted as legal advice. Legal advice can only be provided by a qualified legal practitioner.