Question: Understand and apply the relevant parenting and property considerations under the Family Law Act and also advise the Supervising Lawyer in an active tone of
Understand and apply the relevant parenting and property considerations under the Family Law Act and also advise the Supervising Lawyer in an active tone of likely outcome of the client's dispute justifying advice based on the considerations that apply under the Family Law Act QLD with the correct provision of the Family Law Act QLD: identified the current asset pool, clearly set out the effect of the percentage division of the property in terms of assets and cash allocation. Conclude the likely outcome for property settlement that would align with what a court would make. Assets Owner Estimated Value - Northside Property Joint $1,200,000, 2020 Mazda CX-3 Simon $40,000, 2018 Mazda CX-9 Alana $40,000, Chattels Joint $20,000, CBA Streamline Account Simon $5,000, CBA, Streamline Account Alana $5,000, Sub Total $1,310,000. Liabilities- Mortgage to CBA Joint ($365,000), VISA Credit Card Joint ($15,000), Sub Total ($380,000) Net Assets $930,000 Superannuation- A Plus Superannuation Simon $145,000, We Teach Super Alana $63,000, Total Superannuation $208,000 Total Net $1,138,000 Simon is seeking - Equal division of the balance of proceeds of sale. Sole entitlement to all other property and superannuation entitlements in the possession of each party as at the date of these orders. Alana is seeking 80% of the proceeds of sale when they sale the family home because she needs it for her and the kid's future. She would need to find somewhere else for me and the kids to live and preferably near their school and friendsand a spilt of Simon's superannuation because she doesn't have much and would like half of Simon's
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