PROPERTY SETTLEMENT

 

What is the Time Limit to do
a Property Settlement

 

Property Settlement Time Limits

 

There are time limits within which you must do your family law property settlement.

You can do your family law property settlement as quickly or as soon as you want after separation. 

There is no minimum time period you have to wait to do a property settlement, although emotionally, parties usually need a little time to have elapsed since separation before they can properly consider property division.

A maximum time limit does apply.  There must be an Application to the Court for property settlement filed in the appropriate Court within:

  • 1 year of a Divorce becoming “absolute” for married couples.  A divorce becomes “absolute” when the Court issues  a Certificate of Divorce – usually 1 month and 1 day after the Divorce hearing; or
  • 2 years of separation for de facto couples.

Extending Time seeking "Leave to Proceed" if Time Limit has expired

 

If the time limit has expired you can make an Application to the Court for “leave to proceed” notwithstanding the expiration of the time limit. 

If "leave to proceed" is granted then the time frame you have to pursue your property settlement has been extended.

An Application to the Court for leave to proceed with a property settlement outside the time limit will only be granted in limited circumstances. 

 

 

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Content By:
Michelle Beatty
MRB LAW

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