In Australia, a Binding Financial Agreement (or “BFA”) sets out what will occur in respect of finances and property in the event a relationship breaks down. BFAs apply to both married couples and de facto partners. The benefit of a BFA is it reduces the potential for dispute – both parties will be clear on how their property will be divided in the event they separate (if entered during the relationship) or now that they have separated (if prepared post-separation). If you are a business owner, a BFA may also protect your business from family law claims by a former romantic partner.

Our lawyers have experience in preparing BFAs to address a variety of property holdings (both personal and commercial) and meet the legal requirements which make a BFA binding.