The new financial battleground for divorcing couples
Kalus Kenny Intelex Lawyers partner Josephine Sergi, a family law specialist, said frequent flyer and other reward points were increasingly forming part of property settlements.
'It's often an afterthought for a lot of people because when they're giving details of their assets and liabilities they don't think of those,' Sergi said.
Points 'can be quite valuable'
Some rewards points could be cashed in or transferred, Sergi said, and 'they can be quite valuable'.
In a 2017 Family Court case, then Justice Robert Benjamin said a de facto couple's 'Qantas Frequent Flyer points are property and have some value'.
'[For] some inexplicable reason, the de facto husband had declined to provide full details of his Frequent Flyer account,' the judge said. But the husband had 'a clear obligation to disclose that detail', Benjamin said.
The points were said to total a combined 1.7 million at the time of the hearing.
The judge ordered the husband to transfer 200,000 points from his frequent flyer account to each of their children's accounts, totalling 600,000 points. The wife was authorised to redeem the points for the children's flights.
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Sky News AU
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- Sky News AU
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