The Family Law Act makes provision for binding financial agreements between parties to a marriage and between parties to a de facto relationship. These agreements can be made before, during or after the marriage or de facto relationship. Agreements entered into before a marriage are colloquially known as ‘prenuptial’ agreements.
Malcolm Gittoes-Caesar recently had the pleasure of representing Coleman Greig as a participant on SBS’ Insight program, where he was given the opportunity to discuss Binding Financial Agreements. Here, Malcolm gives his 5 key takeaways from the show, why to implement them, and how to go about doing so in an effective manner.
In 2017, the High Court of Australia handed down a judgment that could have potentially resulted in Binding Financial Agreements being a thing of the past.
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