Yes. Time limits are different for married and de facto couples and it is important to be aware of them.
For de facto couples; parties must settle their financial issues via a Consent Order or otherwise file an Application for property adjustment in the Family Courts within 2 years of the date of separation occurring.
For married couples:
- There is no time limit if the parties are separated but not divorced.
- If divorced, parties must finalise their financial settlement by way of a Consent Order or otherwise file an Application for property adjustment in the Family Courts within 1 year of the Certificate of Divorce.