Has your financial matter been adjourned for a conciliation conference and you’re not sure what to do next?
A conciliation conference is a type of dispute resolution and is facilitated by the Court Registrar. The parties and their solicitors attend court for the conference and attempt to negotiate a settlement having regard to the evidence currently available and the Registrar’s evaluation of the matter.
Here are 5 things you should do to prepare for a conciliation conference:
1. Comply with your duty to give full and frank disclosure of your financial circumstances;
2. File and serve your Financial Questionnaire document;
3. Prepare a joint balance sheet with the other party;
4. If there is a dispute about the value of any of the assets, liabilities or superannuation interests, consider obtaining joint valuations; and
5. Obtain independent legal advice