Child Support Agreements
Limited Child Support Agreement
A Limited Child Support Agreement enables you to arrange with the other parent to change how Child Support is paid, provided that the amount paid is equivalent to, or greater than, the assessed amount of Child Support.
A Limited Child Support Agreement enables you to make arrangements about payments directly to school, or payments in kind, such as a payment towards the home loan, rather than receiving weekly or fortnightly payment of funds.
A Limited Child Support Agreement can be made by completing a form provided by Child Support. There is no requirement that either party obtain legal advice for a Limited Child Support Agreement to be valid.
Binding Child Support Agreement
Parents can agree to an amount of Child Support that is less than the assessed amount by entering into a Binding Child Support Agreement. Parties must have obtained independent legal advice as to the pros and cons of a Binding Child Support Agreement and a certificate provided by each of the Solicitors who have provided such advice.
A Binding Child Support Agreement may be helpful when:
- The parties have agreed to a Property Division on the basis that the paying parent not having to pay the full amount of the Child Support assessed. Rather, the parties might agree that the receiving parent receive a higher amount than they would otherwise have in order to afford to retain the home but forego the full amount of periodic Child Support that has been assessed.
- Where Parenting Arrangements may be resisted by a parent on the basis that they will have to pay more Child Support. Using a Binding Child Support Agreement, the Parenting Arrangement can be altered without the Child Support Assessment following suit.