Do time limits apply to property settlement court proceedings?

Marriages
If you are married you can commence property settlement court proceedings at any time before you divorce. After you divorce, you can only commence property settlement Court proceedings within 12 months of the date of divorce or apply to the Court for permission to commence proceedings out of time but your application may be refused.

De Facto Relationships
Either party can commence property settlement court proceedings within 2 years of separating. You can apply to the Court for permission to commence proceedings after 2 years but your application may be refused.