Albray & Albray

In the matter of *Albray & Albray*, heard by Terry J, the parties, Mr. Albray (the applicant husband) and Ms. Albray (the respondent wife), sought final orders concerning parenting arrangements for their two children and the division of their property following their separation. The dispute involved complex financial matters, including the matrimonial home, business interests, company shares, and various debts and assets.

The court was required to determine the appropriate parenting responsibilities for the children, specifically regarding medical and dental decisions, and to make orders for the division of the parties' property. This included the allocation of the former matrimonial home, business assets, motor vehicles, company shares, and other personal property, as well as addressing the associated liabilities and indemnities. The court also considered the impact of various financial factors under section 75(2) of the *Family Law Act 1975* (Cth).

Terry J made orders that the wife would have sole parental responsibility for medical and dental treatment decisions for the children, subject to providing the husband with seven days' notice for non-urgent appointments and allowing him to raise concerns, though the wife's decision would prevail if no agreement was reached. Otherwise, the parents were to share parental responsibility. The court ordered that the wife pay the husband $283,980.00 and refinance the matrimonial home into her sole name, with the husband to transfer his interest contemporaneously. If the wife failed to comply, the property was to be sold, with proceeds distributed according to a specified formula. The wife was to indemnify the husband against all liabilities related to the property. The husband was to be solely responsible for liabilities associated with Motor Vehicle 1, which was to be transferred to him. The wife was to receive the husband's shares in various companies and his interest in a business, and she was to indemnify him against all liabilities incurred by those entities. The husband was to be removed as a beneficiary of the Albray Family Trust. Specific personal items were to be made available for the husband's collection, and the wife was declared the owner of money in a UK bank account. Otherwise, each party was to retain property in their possession. The court appointed a Registrar to execute documents if either party failed to comply with the orders.