Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

Family Law

Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

Family Law

Article excerpt

MANNY WOOD

HYPOTHETICAL

CYNTHIA and Robert have been married for 10 years and have two children who are nine and seven years of age.

Unfortunately, their marriage breaks down and Cynthia and Robert separate.

Cynthia has the major care of the children after separation and is only able to work part-time, earning a much lower income than Robert.

Cynthia and Robert own a home with a mortgage.

They each also have superannuation entitlements, small savings and a car.

They had few assets at the commencement of the relationship and accept that during the relationship there has been an equal contribution to the acquisition, conservation and improvement of their assets.

Even though Robert was the major income earner, Cynthia was the major carer of the children and her indirect non-financial contribution towards the acquisition, conservation and improvement of assets, together with her earnings from part-time employment, is seen to be equal to Robert's contribution. …

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