A divorce does not formalise any division of property or parenting arrangements. Once a divorce is official, the parties will have 12 months to formalise any property settlement matters.
Becoming divorced will only formalise the end of the marriage. It will allow parties to remarry.
It is important to ensure that you have changed your Will and Enduring Power of Attorney as well as any beneficiary entitlements for superannuation or life insurance, as the divorce can impact upon these documents.