Consent order vs financial agreement: 5 key differences

When you and your partner separate, deciding how to divide your property, finances, and other assets can be overwhelming.

While there are many ways to manage this process and reach an agreement, there are two options that allow you to legally formalise these agreements in Australia. These are consent orders and Binding Financial Agreements (BFA). Both serve to protect your interests and make your financial arrangements legally binding, but there are key differences between them.

In this article, we'll explore the differences between a Consent Order and a Financial Agreement, and ensure that you have all of the details you need to know about binding financial agreements and consent orders.