1.1.B.30 Binding child support agreement
Definition
A binding child support agreement is a written agreement between parents (1.1.P.10) (and/or a non-parent carer on the amount of child support (1.1.C.60) to be paid, and how it will be paid.
Each party to the binding child support agreement must have received independent legal advice before entering into the agreement. Binding child support agreements operate in a similar manner to financial agreements that separating parents might make in relation to property, superannuation and spousal maintenance.