Aye & Aye

The case of *Aye & Aye* concerned a dispute between a mother and father regarding property settlement and parenting orders. The court was required to determine the final division of the parties' assets and liabilities, and to make orders concerning the future living arrangements for their son.

The primary legal issues before the court were the valuation and division of the parties' property, including a property at S, motor vehicles, and superannuation interests. The court also had to address the living arrangements for the parties' son, who had moved to reside with the father following previous orders.

In relation to the property settlement, the court adopted a global approach to valuing the asset pool, particularly concerning the husband's superannuation. This approach was deemed appropriate as a separate assessment of the husband's employer contributions to superannuation post-separation would not alter the overall outcome. The court made detailed orders for the transfer of the S property, the discharge of a mortgage, and the distribution of sale proceeds if the property was not transferred. Specific assets, including vehicles and superannuation, were vested in each party. The court also ordered that the mother retain certain joint account funds in trust for the children.

The court also made orders concerning the children, discharging a previous paragraph of orders and directing that the parties return to previous final orders regarding the son's residence. Each party was ordered to discharge their own debts and liabilities contracted after the orders were made.