The Court has introduced a new fast track pathway for designated financial applications.
If the property matter involves a total net asset pool (excluding superannuation) of $500,000 or less, and there are no entities that might require expert valuation reports and no issues of complexity or parenting orders, the case is likely to be classified as a PPP500.
Each party to the proceeding will need to have complied with pre-action procedures before the Court proceedings are initiated.
A simplified Form 13 Financial Statement and specialised Affidavit may be utilised when filing the initiating application or response.
Orders will be made in Chambers before the first court date to ensure parties have complied with their obligations of disclosure etc.
An extended Conciliation Conference will be listed soon after the first return date. If the matter does not settle prior to, or at the conference, it will then be expedited to Trial.
