On 1 April 2022 an amendment to the Family Law Act 1975 (Cth) regarding the transparency of superannuation means that a party to a proceeding in the Federal Circuit and Family Court of Australia (FCFCOA) may seek an Order that the Australian Taxation Office provide the spouse with details of all superannuation interests held by their former partner.
While the current laws enable a person to determine the value of their partner’s superannuation entitlements by filing a Form 6 Declaration and a Superannuation Information Form, the problem with this method is that knowledge of the fund name is required so that application can be sent to the Trustee of that fund. Without the name of the fund, there was previously no way of determining the value of your spouse’s superannuation entitlements if he or she refused to disclose the details or to participate in the proceedings.
The amendments to the Family Law Act will continue to enable parties to file a Form 6 Declaration directly to the fund, but in addition will provide a alternative option for parties to apply to the Registrar of the Court to request superannuation information without needing to supply the name of the fund. The Registrar then makes the request for the spouse’s superannuation details to the Commissioner of Taxation, who discloses the information directly to the spouse or lawyer.
The purpose of the amendment is to reduce legal costs, time and stress for parties who have been frustrated by their spouse’s refusal to provide the superannuation information required by the act.
The change will particularly assist people who were involved in financially or domestically abusive situations where offenders persist with the abuse by deliberately concealing their assets.
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