The Federal Government has committed funding to women and children in the family law system through the 2022-2023 Federal Budget.
Takeaways
Brief takeaways from the 2022-2023 Federal Budget include:
The Budget paper also note that from 1 April 2022, superannuation assets will be visible in family law matter to enable the information sharing pathway between the ATO and the Federal Circuit and Family Court. The Budget papers note that “This will help deliver fairer and more equitable outcomes for women going through separation proceedings by reducing the scope for former partners to under disclose their assets”. Our recent article in relation to this significant advancement can be found here.
The Budget papers also argue that the funding will assist to achieve outcomes such as:
Overall, the Federal Budget appears to continue its commitment to families accessing the family law system and in particular, protecting those most vulnerable who find themselves navigating the family law system.
A link to the Budget Statement can be found here.
If you require assistance in relation to your family law property settlement, our Family & Relationship Law team can provide you with advice tailored to you and your individual circumstances.