Why is disclosure important in financial matters?

In this video, special counsel Craig Turvey talks about disclosure in financial matters. Craig covers the kinds of documents parties are often requested to exchange, whether you have to provide those documents and how disclosure can protect you.

Video transcript

Hi, my name's Craig Turvey and I'm a special counsel in the Cooper Grace Ward family law team and today, I'd like to talk to you about disclosure and financial matters.

Disclosure obligations

There's broadly a long list of disclosure documents that parties are expected to exchange in financial matters. Obviously, the more complicated your financial affairs are, so if you've got companies, trusts, self-managed super funds, various investments, those sorts of things, you're going to have to provide more disclosure documents than someone who simply has a house, a super account, a bank account, a car and that's pretty much it. Clients often get very upset or annoyed at requests for disclosures, so the