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Separating with more than $1 million in assets? Property settlement steps and time limits

Separating or divorcing with a home, investment properties, a business, trusts or large super? The time limits, how courts divide property, the 2025 changes, and how to find the right family lawyer, free.

When a separation involves a home, investment properties, a business, a trust or large super balances, the property settlement matters as much as the divorce. Here are the rules from the official sources.

The time limits

  • Married: apply for property orders within 12 months of your divorce becoming final.
  • De facto: apply within 2 years of the relationship breaking down.
  • After that you need the court's permission, which is not always granted (Federal Circuit and Family Court of Australia).
  • You do not have to wait for the divorce to apply for property orders.

How property is divided

The court identifies and values all the property (including super, which can be split), looks at what each person contributed, considers current and future circumstances, and makes an order that is just and equitable (Attorney-General’s Department guide).

What changed in 2025

From 10 June 2025, the economic effect of family violence is a relevant consideration in dividing property, economic or financial abuse is expressly part of family violence, and the duty to disclose finances is in the Family Law Act itself (Federal Circuit and Family Court of Australia).

Before you go to court

Each person must genuinely try to resolve the dispute and follow the pre-action procedures (unless it is unsafe), and file a Genuine Steps Certificate.

Western Australia

In WA, property cases go to the Family Court of Western Australia. Married couples apply within one year of the divorce and de facto couples within two years of the breakdown (Family Court of WA).

Free official help

Find the right lawyer to speak with

Answer a few quick questions. We send you the name and contact details of a law firm that handles this kind of matter, so you can choose to speak with them.

Getting the name of the right firm is free. We do not charge you, and we do not take a fee from the law firm.

General information, not legal advice. Claim Done is not a law firm. Checked against the official sources below on 22 October 2026. If you need an interpreter, call TIS National on 131 450.

Official sources

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