15/04/2026
What is financial disclosure?
Anyone who is involved in a family law property settlement is required by the Court Rules to be transparent about their finances. This includes their income, expenditure, assets, liabilities and superannuation.
Documentation about all of these issues is generally exchanged between the parties prior to negotiations commencing and commonly includes things like bank account statements, income tax returns, payslips, superannuation statements, loan statements and information about shares or other assets.
The provision of this financial material is essential if parties are to negotiate in the full knowledge of the composition of their property pool. The Court sometimes describes it as ‘laying your cards on the table, face up’. It’s a great description.
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