There are two (2) very important Statutory Time Limits in property settlements that are critical for family law matters which clients should be aware of.
These are summarised below:
1. After a Divorce Order has been granted, parties have twelve (12) months from the date of the Divorce Order to commence Court proceedings seeking Orders for property settlement and/or spousal maintenance.
2. Following the breakdown of a de facto relationship, parties have twenty-four (24) months from the date of separation to commence Court proceedings seeking Orders for Property Settlement and/or Spousal Maintenance.