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→How are property and debt divided?
Spouses can make agreements and the court can make orders about how property and debt should be divided. Only the Supreme Court can make orders about the division of property and debt.
Note that agreements and orders about debt made under the ''[[Family Law Act]]'' are only binding between spouses. They don’t affect the rights of creditors or the steps creditors can take to collect on a debt.
====Family property and family debt====
Under section 81(a) of the ''[[Family Law Act]]'', spouses are presumed to:
#each be entitled to one-half of family property, regardless of how they contributed to or used the property; and,