Description
In the 20 years since the SuperSplitting amendments commenced (28 December 2002 was the start date), there have been two significant macroeconomic events that have resulted in significant falls in the securities markets. The first was the so called Global Financial Crisis in 2008 and the second was due to Covid 19. In the financial year ending 30 June 2022, there was an average across the board loss of 3% to 4%.
In Bulow & Bulow [2019] FamCAFC 3, the Full Court said:
“Speaking generally, where the superannuation interests of both parties to family law proceedings are accumulation interests, few difficulties are usually encountered.”
However, difficulties can be encountered when the securities markets are more volatile. Are you drafting your splitting orders to take account of the volatility in the securities markets?
This webinar will take you through the detail of drafting what is generally considered to be the simplest of splitting orders for accumulation super together with the most up to date precedents for accumulation super.