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During the property division process in Australia, if you’re concerned that the other party may transfer or dispose of assets without your knowledge, you can apply to the court for a Freezing Order to prevent unauthorised asset transfers, thereby safeguarding your legal rights.
To apply for a Freezing Order, you’ll need to follow these steps:
Provide the court with clear evidence that the other party may be transferring assets, such as bank transfer records or signs of asset sales.
If both parties can reach an agreement, a Consent Order can be used to simplify the process and apply for a freezing order.
Freezing orders generally do not cover the following expenses:
If applying for a freezing order is not appropriate, a more cost-effective and straightforward solution is to set a Caveat or register a security interest in the asset.
You can apply to the relevant government agency to register a Caveat on the property.
You can apply to the government’s Personal Property Securities Register (PPSR) to register your interest in the asset.
When taking steps to protect your property, whether through a Freezing Order or setting a Caveat, it’s crucial to ensure you have a solid legal foundation. This not only helps protect your rights but also avoids potential financial or legal risks.
If you need more information or legal advice, feel free to book a free consultation. We offer personalised support to help you manage property-related matters effectively.
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