As most separated or divorced parents would know, child support
is managed through the Child Support Agency of the Department for
Human Services.
Individual child support assessments can vary enormously to the
extent that a new assessment may be issued each month. This can be
frustrating for both parties, and can make it difficult to arrange
finances with any degree of certainty.
Parents can avoid this uncertainty by entering into a child
support agreement, of which there are two types – Limited and
Binding.
A Limited Child Support Agreement can include periodic or lump
sum payments of child support but also can provide for support in
kind, such as maintenance of a family health insurance policy,
payment of private education fees etc. You need to have an
assessment in amount that is less than the assessment.
