Financial Agreement Templates for Western Australia

The state of Western Australia has maintained its own autonomy and jurisdiction concerning financial agreements for defacto couples – heterosexual or same sex.

This means that unlike the other states of Australia , if you live in WA your financial Agreement must adhere to the regulations set down by the Family Court Act 1997 instead of the federal Family Law Act. In all other respects the agreements operate in much the same fashion.

This legislation covers the following domestic arrangements and more information on each situation can be found by following the links below.

Financial Agreement Templates for Heterosexual Couples

Before Cohabitation

During Cohabitation

After Cohabitation/Separation

Financial Agreement Templates for Same Sex Couples

Before Cohabitation

During Cohabitation

After Cohabitation/Separation

What is a Financial Agreement?

It is a written agreement that allows you to choose how to divide property and financial resources in the event of a relationship breakdown.

It helps you to:-

• Avoid potentially divisive issues that could arise if you ever separate;
• Specify ground rules for buying and owning property;
• Coordinate and support your estate plans, to be sure that family property passes as you wish;
• Avoid costly litigation following a relationship breakdown.

While the main effect of a financial agreement is to prevent either party making an application to the Family Court for the division of assets in a property settlement. The aim of introducing Financial Agreements is to encourage all couples to agree about how to divide their property in the event of, or following, separation.