The Federal Circuit and Family Court of Australia was created under the Act to resolve disputes between parties to such relationships and they have very broad powers to make orders dealing with the interests that parties have in property. It is simply not true that assets are divided 50/50 in all cases. The Act sets out the factors which must be taken into account to determine how property is to be divided. You will need to get advice from a property settlement lawyer in our firm to assess how the Act applies to your situation.
