The duty of disclosure and family law property proceedings
The division of assets after couples have separated can be finalised by financial agreement, consent orders or proceedings in the Family Court. The Family Law Act 1975 (Cth) requires parties to make genuine efforts to resolve disputes. This is underlined in Schedule 1 of the Family Law Rules 2004. Parties must participate in dispute resolution, explore options for settlement and comply, as far as practicable, with the duty of full and frank disclosure.