Document background
A Nuptial Agreement (also known as a Binding Financial Agreement or prenuptial agreement) is used by couples planning to marry in Australia who wish to establish clear arrangements regarding their financial affairs and property. The agreement must comply with the Family Law Act 1975 and requires both parties to receive independent legal advice before signing. It typically includes comprehensive financial disclosure from both parties, detailed arrangements for property division and financial support in case of separation, and provisions for dealing with future acquired assets. The document is particularly relevant for couples with significant assets, business interests, expected inheritances, or those entering second marriages. It provides certainty and can help avoid costly legal disputes in the event of relationship breakdown.
