Did you know that there is a list in the Federal Circuit and Family Court of Australia specifically designed for pools where the net worth is $500,000 or under?
The list is known as the Priority Property Pool List or PPP500 and it is designed (as is the rest of the system) to achieve a just, efficient and timely resolution of cases.
To be eligible into this special list of cases the following will need to apply:
1. The net property of the parties (including superannuation) is, or is likely to be, $500,000 or less
2. There are no entities such as family trusts, companies or self-managed super funds; and
3. Neither party seek parenting orders, child support orders or enforcement/contravention orders.
To commence a PPP500 case there are some filing of documents that are dispensed with to simplify the process, for example parties are not required to file an Affidavit of Financi
