How is property divided on the breakdown of a relationship?
There is no formula by which the division of property is calculated. The division of property between separated, married or defacto spouses is decided by a 4 stage process. 1. All of the assets and financial resources of you and your partner, from whatever source and whether or not that property was owned by you before your relationship, are available to be divided by an order of the Family Court of Western Australia. The first stage therefore is the determination of the net value of all of the assets and financial resources of you and your partner. If you are married, superannuation is treated as an asset. 2. The second stage is to assess the contributions you and your partner have made to the assets identified in stage one. Contributions are generally assessed in percentage terms. You and your partner will each receive “credit” for the financial and non-financial contributions made to the acquisition, conservation and improvement of assets by each of you or on your behalf. You will a
