• Commercial Law

    Commercial Law

    We are business people as much as we are lawyers. We will take care of the legal documents so you can confidently run your business.
    As your business grows, its risk profile and governance challenges will change. We partner with our clients over the long term to ensure they are in the driver’s seat for success.

  • Dispute Resolution

    Dispute Resolution

    We are in your corner when the going gets tough. Having resolved over 6,500 disputes for business owners have seen it all before.

    Whether you need a skilled negotiator or a fearless litigator, we specialise in delivering commercial results when:

    Customers refuse to pay;
    Suppliers let you down; and
    Business Partners do the wrong thing.

  • Employment & Safety

    Employment & Safety

    The biggest challenge for any business owner, is managing their employees.

    A difficult employee can make you question why you got into business in the first place and be toxic to your team morale.

    We deliver proactive solutions to manage your team via employment contracts, policies and procedures as well as handling employment disputes when they arise.

  • Property & Construction

    Property & Construction

    Property is the key most wealth in Australia.  Whether you are buying, selling, leasing or developing property, you need a lawyer you can count on.

    We can advise on the whole property development process from obtaining finance to development approvals, construction and sale or leasing.

    We also act for the Master Builders Victoria and have extensive expertise in construction contracts and disputes.

  • Family Law

    Family Law

    At Taurus Legal Management we understand the unique challenges clients encounter during family disputes, especially when children are involved. Our family lawyers specialise in handling high-asset cases with a focus on protecting clients wealth, securing their family’s future, and safeguarding the best interests of their children.


Property settlements are a crucial aspect of family law, as they play a pivotal role in ensuring a fair distribution of assets and liabilities when a relationship breaks down.

Our legal system recognises the complexities of modern relationships and provides a structured framework to determine property settlements.

This article will delve into the key factors and processes that govern how property settlements are determined in Australia.

The Family Law Act 1975: A Foundation for Fairness

The cornerstone of property settlements lies in the Family Law Act 1975. This legislation provides a comprehensive framework for the division of property and financial resources between parties following the breakdown of a marriage or de facto relationship.

The Act encourages parties to reach an agreement without resorting to litigation, emphasising alternative dispute resolution methods such as negotiation, mediation, and collaborative law.

Key Principles Governing Property Settlements

  1. Just and Equitable: The Court’s primary objective in property settlements is to ensure a division that is just and equitable. This does not necessarily mean a 50-50 split of assets; rather, it entails assessing each party’s contributions and future needs.
  2. Contributions: The contributions made by each party are assessed, including financial contributions (such as income, property, and gifts) and non-financial contributions (such as homemaking, childcare, and supporting the other party’s career).
  3. Future Needs: The Court takes into consideration the future needs of each party, such as age, health, income-earning capacity, care of children, and financial resources. For instance, a party with a lower earning capacity might receive a larger share to meet their ongoing needs.
  4. Superannuation: Superannuation, or retirement savings, is also considered a part of the property pool. The Court can split superannuation entitlements between parties to achieve an equitable distribution.

If you would like to understand where you stand with your case, contact our Family Law Partner, Nicci Bilinsky on (03) 9481 2000 or info@tauruslawyers.com.au. 

Posted by Taurus Legal Management