BADER & BADER

This matter concerned a property adjustment dispute between a husband and wife, heard by Judge Newbrun. The court was tasked with determining the division of the parties' assets and liabilities.

The central legal issues before the court were the assessment of the parties' respective contributions to the marriage and the consequent orders for property adjustment. This involved considering various asset classes, including real estate, investments, vehicles, personal property, superannuation entitlements, and employment-related benefits.

Judge Newbrun made orders that required the wife to pay the husband $48,150 within ten weeks. If this payment was not made, the parties were to list their jointly owned property at B Street, Town A, New South Wales, for sale. The proceeds of this sale were to be applied first to sale costs, then legal costs, adjustments for rates and taxes, with the remaining balance to be paid to the husband ($48,150) and the wife receiving any surplus. The husband was declared the sole beneficial owner of an investment with Company C, with specific provisions for the transfer of the wife's interest. Furthermore, each party was declared the sole and absolute owner of all assets in their possession, including motor vehicles, furniture, savings, superannuation, and employment entitlements, with provisions for the execution of necessary documents by the Senior Registrar in case of non-compliance.