Adanti and Coli

In Adanti and Coli, the parties brought an application before Macmillan J concerning financial disclosure and asset preservation in family law proceedings. The dispute centred on the Husband's alleged failure to provide adequate disclosure of his financial position and the potential dissipation of marital assets.

The court was required to determine the extent of financial disclosure the Husband ought to provide to the Wife, specifically regarding his personal tax returns, company tax returns and financial statements for several entities, bank accounts, and details of his new business interests. Additionally, the court considered whether to impose restraining orders on the Husband to prevent him from selling, encumbering, or disposing of various identified assets, including company shares, property, and the proceeds of a business sale.

By consent, the court ordered the Husband to provide extensive disclosure of financial documents within 14 days, encompassing tax assessments, BAS statements, profit and loss statements, bank statements, and evidence of asset disposals and acquisitions. The court also made orders by consent restraining the Husband from dealing with specific company shares, property in Australia and Country D, and the proceeds of sale from Company M. Further orders dismissed extant interim applications, listed the matter for final hearing, and directed the Husband to pay the Wife's costs of the application.