Hollywood personality Mel Gibson and former girlfriend Oksana Grigorieva are reported to have reached an agreement for the care of their daughter, Lucia.
"As the result of a multiday settlement conference, the court announces that Mel Gibson and Oksana Grigorieva have achieved a settlement in their ongoing dispute," a statement from the Los Angeles County Superior Court said.
While details on the specific contents of the agreement - including child custody arrangements and financial matters - have yet to be made public, a closed session is to be conducted by Judge Peter Lichtman at 08:30 on Wednesday (August 31), with an open hearing to follow.
40-year-old Russian musician Grigorieva originally requested custody of the couple's daughter Lucia - who will turn two in October - after a widely publicised split from Gibson back in 2010.
The well known Hollywood actor previously starred in action offerings such as the Mad Max series and Lethal Weapon 1 to 4, before turning his attention to directing and producing movies - most notably The Passion Of The Christ in 2004, which received mixed reviews from the wider community.
Since then, he has been involved in a number of well reported legal proceedings over the past few years.
Gibson's former wife Robyn filed divorce papers against her Hollywood husband back in April 2009 after 28 years of marriage, citing irreconcilable differences.
Under Australian law, the only ground for divorce is noted as being the irreparable breakdown of a relationship.
The ex-partners also need to show that there is no "reasonable likelihood" that they will be able to resume their married life, as evidenced by the separation of the former couple for a period of no less than 12 consecutive months.
In Australia, parents who can reach an agreement on the levels of care provided by each partner to their children are able to enter into a voluntary parenting agreement.
While not legally binding, these agreements can allow parents to avoid child custody proceedings.
This document allows former partners to stipulate the exact nature of care to be provided by each individual and can be made without the need for a court appearance - reducing the stresses associated with formal proceedings.
Consent orders differ from parenting agreements in that they are legally binding and can be made to include a range of other related matters.
A trusted family lawyer can assist in resolving child custody and other issues resulting from the breakdown of a marriage.