Is Separation Just a 50/50 Split?
Many Australians assume, after divorce or separation upon break down of a long relationship, the assets of the marriage (or separation) are simply split down the middle – half to one and half to the other.
Separated But Living Together
Generally, if you have separated from a partner but continued to live within the same home during any part of the required 12-month separation period, the Family Court will require additional evidence from you before the divorce is granted.
Joint Bank Accounts & Separation
Smooth and simple separations are the exception rather than the norm, for fairly straightforward reasons. Parties to a marriage or de facto relationship may become fearful that the other party may take money out of a joint bank account for their own purposes.