
Hiding superannuation no more…
Superannuation is likely to be your largest financial asset and is likely to be your largest asset second only to your property.1 On average, a household has $213,700 in superannuation funds and comprises 18% of all household assets.2 For almost twenty years, superannuation has been treated as property for family law purposes. This means that when a married or de-facto couple is separating, they can split superannuation by agreement or by court order. Even if there is no superannuation split, it is important that each party knows the size of the superannuation interest so that it can be accounted for in the property pool. Ordinarily, when parties separate, they have a duty of disclosure to provide to the other party… read more