The Bulletin --- Page: 58-59 : 30 January 2007 Original article by Peter Freeman
ABIX Summary
New laws passed by the Senate will make the division of assets after a couple separates easier. Reforms to Australia's tax laws will allow couples that amicably agree on the division of their assets to obtain capital gains tax rollover relief. Keith Harvey, the head of Ambry Legal, explains that the relief was previously available only to couples who obtained a settlement order from the Family Court. Harvey warns that all assets under consideration must be covered in any agreement between the couple.
