Family law property settlement refers to the legal process of dividing assets, liabilities, and financial resources between separating or divorcing parties. It applies to married couples, de facto relationships, and same-sex relationships.

In Australia, the Family Law Act 1975 governs property settlements, focusing on achieving a fair and equitable division of property. The process involves identifying and valuing the assets, considering financial and non-financial contributions, future needs, and the overall justice and equity for both parties.