BEAM & BEAM

In BEAM & BEAM, the Applicant Wife and Respondent Husband sought orders for the division of their property. The dispute involved the valuation of the former matrimonial home, consideration of property damage, and the future needs of the parties, with the court ultimately making orders largely as proposed by the Wife.

The court was required to determine how to divide the parties' assets and liabilities, including the former matrimonial home, a water licence, C Pty Ltd, and various other chattels and bank accounts. Key issues included addressing property damage, ensuring a just and equitable distribution of assets, and considering the future financial circumstances of both the Husband and Wife.

Judge McNab applied principles of family law concerning property division, aiming for a final determination of the parties' financial relationship under section 81 of the *Family Law Act 1975* (Cth). The court ordered the Husband to pay the Wife a sum of $117,950.00 within 60 days, and contemporaneously, the Wife was to transfer her interest in the former matrimonial home to the Husband. In the event of non-payment or failure to discharge the mortgage, the property was to be listed for sale, with proceeds to be applied in a specific order, including repayment of the outstanding sum to the Wife. The Husband was also ordered to pay the Wife's costs fixed at $7,120.50.