Did you know that laws recently changed for de facto couples?

When a de facto couple separated in Western Australia, they were previously unable to split their superannuation in the case of property settlement. Unlike a married couple, the other party legally had no right to claim the other’s superannuation funds.

As of 18th August 2022, the WA Parliament passed legislation stating that de facto couples can now split super assets.

Previously, the inability to split super resulted in inequity between separated parties, with a particular disadvantage to women – who are more likely to take time away from work in order to have children and thus have less super than men. It also means that assets can be more fairly split, instead of one party leaving with a larger portion of non-super assets.

If you’re in a de facto relationship and want to discuss a binding financial agreement, please contact me.