Belperio and Vazouras

In the matter of *Belperio and Vazouras*, Watts J of the Family Court of Australia was required to determine the division of property between the parties. The dispute concerned the net proceeds of the sale of the former matrimonial home and other assets and liabilities.

The court was tasked with making orders pursuant to section 79 of the *Family Law Act 1975* (Cth) to divide the parties' property. This involved determining the appropriate allocation of the net proceeds from the sale of the former matrimonial home, as well as the entitlement to other property and superannuation held in each party's name, and responsibility for various liabilities.

Watts J ordered that the net proceeds of the sale of the former matrimonial home, held in a controlled monies account, be divided as to $171,895 to the wife and $49,721 to the husband, out of a total of $237,126. Each party was also to retain sole entitlement to property and superannuation in their own name or possession, and money in their respective bank accounts. Furthermore, each party was to be solely responsible for liabilities incurred in their name or relating to property allocated to them, and to indemnify the other party against such liabilities. The court also made provision for the Registrar to execute documents if a party refused to do so.