International Assets
Navigating International Assets in a Gold Coast Family Law Property Settlement
If you hold property, investments, or wealth outside of Australia, separating from your partner can get a lot more complicated. Whether it’s a condo in Spain, a pension in the US, or shares in Asia, international assets introduce disclosure, valuation, and jurisdictional issues that aren’t always straightforward.
At Collective Family Law Group, we work with Gold Coast families who hold assets around the world—helping them achieve fair, strategic settlements that reflect their global financial reality.
Are International Assets Included in Your Property Pool?
Yes. Under Australian family law, all worldwide assets—regardless of where they’re located—must be disclosed and considered in your property settlement.
- This includes:
- Real estate (e.g., villas, apartments, land titles)
- Foreign bank accounts
- Overseas shareholdings and business interests
- Trusts, inheritances, or pensions located abroad
- Superannuation equivalents held in other countries
Even if those assets are technically outside the reach of an Australian court, they still count in the overall net asset pool when deciding what’s fair.
So, Can the Court Enforce Orders on Overseas Assets?
Not always directly. Australian courts can’t enforce orders against foreign land or property in many cases. But they can issue in personam orders—like requiring you to transfer a property or offset the value using local assets. It’s about practical fairness, not just jurisdiction.
For example, if you own a house in New Zealand but it can’t be sold easily or enforced through Australian court channels, you may be allowed to keep that property, but your ex might receive a larger portion of Australian assets to balance the books.
How Courts Deal With International Assets in Separation
Just like any other property settlement, courts apply a four-step approach:
Step 1: Identify and Value All Assets (Domestic and Overseas)
You must disclose all offshore holdings fully. This includes:
- Current market value of foreign property
- Up-to-date share prices (in AUD equivalent)
- Bank balances, crypto wallets, or pensions abroad
- Trust assets where you have control or benefit
Courts may require independent, on-the-ground valuations from qualified professionals in the asset’s country. Exchange rate fluctuations and unfamiliar legal systems make this step more complex than valuing Australian property.
Step 2: Consider Contributions
The court will ask:
- Did one partner fund the purchase of the overseas asset?
- Was the property acquired with marital savings or an inheritance?
- Did one party manage or maintain the asset during the relationship?
Even if you didn’t contribute money, your non-financial efforts (e.g., raising children while your partner worked overseas) are equally important under family law.
Step 3: Evaluate Future Needs
Courts aim for fairness, not perfect equality. If one party keeps international assets that are hard to liquidate or access, the other might receive a larger share of local, more stable assets.
This helps both parties walk away with something meaningful and usable—especially if children or financial risk are involved.
Step 4: Ensure the Outcome Is Just and Equitable
Courts have discretion to adjust the final division based on practicality, enforceability, and fairness. If there’s uncertainty around accessing foreign property, Australian-based compensation may be the best path.
Case Law You Should Know
📘 Kowaliw v Kowaliw (1981)
Established the “add-back” principle. If one party recklessly or wastefully dissipates assets — for example through gambling, extravagant spending, or poor financial decisions — the Court can notionally add the value of those assets back into the property pool to ensure a fair division.
📘 Kennon v Spry (2008)
Confirmed that control over a trust can matter more than legal title. Even if assets are held in a discretionary trust, if one party has effective control or can benefit from it, the Court may treat those trust assets as part of the matrimonial property available for division.
📘 Prest v Petrodel Resources Ltd (UK, 2013)
A UK Supreme Court decision, often cited in Australia, which clarified that assets held by companies can in some circumstances be treated as belonging to an individual spouse. Where a company is effectively holding property on trust for a party, courts may look past the corporate structure and include those assets in the pool.
Gold Coast Example: How It Might Play Out
You and your spouse are separating after a 15-year marriage. Your overseas holdings include:
- A €400,000 villa in Spain
- $120,000 in Hong Kong shares
- A UK pension worth £200,000
After disclosing everything:
- The villa is retained by you, as it’s emotionally and logistically complex to divide
- The shares are independently valued and counted at market rate in AUD
- Your ex receives a larger slice of your Australian property and super to balance the international holdings
Even though the Spanish and UK assets stay in your name, the total division is adjusted here in Australia to reflect fairness.
Common Scenarios with International Assets
🌏 Scenario 1: Offshore Property Held in Your Name
Work with a family law team (like ours at Collective) that understands digital assets. We also engage forensic accountants who can interpret blockchain data and crypto transaction histories.
💼 Scenario 2: Undisclosed Business in Singapore
If your ex fails to disclose income or equity in a company held offshore, your legal team may engage a forensic accountant. The court can then adjust the final order to reflect that hidden value—even without accessing the business directly.
👵 Scenario 3: Foreign Superannuation
You hold a US-style retirement account that cannot legally be split. The court classifies it as a financial resource and adjusts the rest of the property settlement accordingly.
Practical Steps If You Hold (or Suspect) Overseas Assets
✅ 1. Be Transparent from the Start
Early, complete disclosure reduces conflict and strengthens your credibility in court. Provide statements, deeds, tax documents, and other records for any overseas holdings.
🌐 2. Get Advice in the Country Where the Asset Sits
You need foreign legal guidance—especially on how that country treats Australian court orders. In some places, enforcement is simple. In others, it’s nearly impossible.
📈 3. Obtain Reliable Valuations
Ensure foreign valuations are:
- Recent and market-based
- Issued by qualified professionals
- Converted using up-to-date exchange rates
💱 4. Mitigate Currency Fluctuation Risk
Where possible, agree on a valuation date close to separation or mediation to reduce unfair swings from currency volatility.
📑 5. Plan Strategically With Your Lawyer
If certain assets can’t be split easily, we’ll help you negotiate a division using assets you both can access.
For example, you might propose: “You keep the overseas super; I take a larger share of the investment property in Queensland.”
🧊 6. Prevent Asset Dissipation
If you suspect your partner is moving money or assets offshore, courts can issue freezing orders to preserve your share.
FAQs: What Gold Coast Clients Ask About International Assets
Can the court force me to sell overseas property?
Not directly. But it can order you to cooperate, transfer ownership, or compensate your ex using Australian assets.
What happens if I hide overseas assets?
If discovered, the court may:
- Reopen your settlement—even years later
- Penalise you with cost orders
- Draw adverse inferences
- Refer you for further legal action
Do Binding Financial Agreements help?
Yes. A well-drafted BFA can set out exactly how international assets will be treated if you separate, giving you more certainty and legal protection.
How long do these cases usually take?
When international assets are involved, it’s not unusual for matters to take 12 to 24 months. Delays often stem from gathering valuations, coordinating with foreign professionals, or securing disclosure.
Final Thoughts: Handle International Assets with Strategy
If you or your partner have global holdings, don’t treat them as afterthoughts.
At Collective Family Law Group, we help Gold Coast clients:
- Real estate (e.g., villas, apartments, land titles)
- Foreign bank accounts
- Overseas shareholdings and business interests
- Trusts, inheritances, or pensions located abroad
- Superannuation equivalents held in other countries
Book a consultation here with Collective Family Law Group
Contact us today to make an appointment to discuss your family law matters, or for further information on how we can assist you so that you can move on with your life with certainty and security.