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A comparison between a BFA and a Financial Consent Order


12.05.20

If you’d like to understand more about what a Binding Financial Agreement (BFA) and a Financial Consent Order (FCO) are and the differences between the two, CLICK HERE.

A comparison between a BFA and FCO

There’s a reason why we specialise in FCOs, but here is a breakdown comparison of the major differences to help you form your own view.

BFA

FCO

Can you DIY?

❌ sort of but not really…

Legal advice

Required Optional

Approved by Court

Legally recognised

Binding and enforceable

Deals with maintenance (optional)

Typically faster?

Typically cheaper?

Benefits

💥 Save money on stamp duty

💥 Transfer real estate, cars and shares

💥 Rollover CGT relief

💥 Split super

💥 Cut all financial ties

💥 Peace of mind

💥 Financial security & certainty

💥 Save money on stamp duty

💥 Transfer real estate, cars and shares

💥 Rollover CGT relief

💥 Split super

💥 Cut all financial ties

💥 Peace of mind

💥 Financial security & certainty