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Division 7A

Division 7A – Is There a Liability?

by Peter Magee on October 28, 2016

Byron Leong

Before a Court can make an order pursuant to the Family Law Act 1975 about how to divide assets of married or de facto parties, it must first work out the “legal and equitable interests” of the parties available for division. This means that the Court must work out the total net value of assets. The total net value of … Read more