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Legal Speculations About Binding Financial Agreement

May 10, 2012 Ray Latimer 0

Prior to the ability to produce Binding Financial Agreements (BFAs) was extended to same-sex and de facto relationships, when such a relationship had split up, both sides would have had to prepare themselves for some long-winded and laborious litigation through the Supreme Court. Thank goodness, this has now all been altered with the introduction of section 90UD of the Family Law Act 1975 which specifically entitles people in de facto relationships to agree upon what they consider to be a fair division of property and money once the relationship has broken down. Efficiently, this now puts de facto agreements in the same category as is already loved by husbands and wives. It indicates that same-sex relationships are apportioned with the exact same rights to heterosexual couples and this will be observed as a welcome move by many gay rights groups that have been involved and campaigning throughout these challenges.