Full and Frank Financial Disclosure Obligations

FAMILY LAW RULES 2004 - RULE 13.04

Full and frank disclosure

             (1)  A party to a financial case must make full and frank disclosure of the party's financial circumstances, including: 

                     (a)  the party's earnings, including income that is paid or assigned to another party, person or legal entity; 

                     (b)  any vested or contingent interest in property; 

                     (c)  any vested or contingent interest in property owned by a legal entity that is fully or partially owned or controlled by a party; 

                     (d)  any income earned by a legal entity fully or partially owned or controlled by a party, including income that is paid or assigned to any other party, person or legal entity; 

                     (e)  the party's other financial resources; 

                      (f)  any trust: 

                              (i)  of which the party is the appointor or trustee; 

                             (ii)  of which the party, the party's child, spouse or de facto spouse is an eligible beneficiary as to capital or income; 

                            (iii)  of which a corporation is an eligible beneficiary as to capital or income if the party, or the party's child, spouse or de facto spouse is a shareholder or director of the corporation; 

                            (iv)  over which the party has any direct or indirect power or control; 

                             (v)  of which the party has the direct or indirect power to remove or appoint a trustee; 

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