Document background
A Divorce Financial Consent Order is utilized in Australian family law when divorcing parties have reached agreement on their financial settlement and wish to make it legally binding. This document is filed with the Federal Circuit and Family Court of Australia and, once approved, provides court-enforced protection for the agreed terms. It typically follows either mediation or direct negotiation between parties and their legal representatives. The order comprehensively details the division of all assets, liabilities, and financial resources, including property, investments, superannuation, and business interests. It must comply with the Family Law Act 1975 and related legislation, and should be drafted with consideration of tax implications and practical implementation requirements. The document serves as a final settlement of financial matters between the parties, preventing future claims except in very limited circumstances.
