FAMILY COURT OF AUSTRALIA
| BEST & VIDMA | [2015] FamCA 715 |
| FAMILY LAW – PROPERTY – Interim distribution – where the husband seeks an interim distribution from the proceeds of sale – where consideration of general principles – where significant factual issues between the parties – where order for modest distribution to both parties made – where characterisation of the payment reserved to trial. |
| Family Law Act 1975 (Cth) ss 75, 79, 80(1)(h), 90E, 117(2) |
| Harris & Harris (1993) FLC 92-378 |
| APPLICANT: | Mr Best |
| RESPONDENT: | Ms Vidma |
| FILE NUMBER: | PAC | 705 | of | 2014 |
| DATE DELIVERED: | 31 August 2015 |
| PLACE DELIVERED: | Parramatta |
| PLACE HEARD: | Parramatta |
| JUDGMENT OF: | Foster J |
| HEARING DATE: | 6 August 2015 |
REPRESENTATION
| COUNSEL FOR THE APPLICANT: | Mr Sansom |
| SOLICITOR FOR THE APPLICANT: | McPhee Kelshaw |
| COUNSEL FOR THE RESPONDENT: | Mr Cummings SC |
| SOLICITOR FOR THE RESPONDENT: | Turner Freeman Lawyers |
Orders
PENDING FURTHER ORDER, IT IS ORDERED THAT:
That the husband and wife do all things necessary to authorise and direct that from the net proceeds of sale of the property at Suburb B the sum of $100,000 be paid to each of them or as they may otherwise direct in writing and that otherwise the net proceeds of sale be held in an interest bearing controlled monies account in trust for the parties jointly.
That the characterisation of the payment of such monies be reserved to trial.
That the costs of the present application be reserved.
IT IS NOTED that publication of this judgment by this Court under the pseudonym Best & Vidma has been approved by the Chief Justice pursuant to s 121(9)(g) of the Family Law Act 1975 (Cth).
| FAMILY COURT OF AUSTRALIA AT PARRAMATTA |
FILE NUMBER: PAC 705 of 2014
| Mr Best |
Applicant
And
| Ms Vidma |
Respondent
REASONS FOR JUDGMENT
At the time of this interim hearing the contracts for sale of one of the properties owned by the wife in this matter at C Street, Suburb B, New South Wales have been exchanged. Settlement was imminent.
The husband makes application by way of Application in a Case filed on 24 July 2015 for an interim distribution of part of the proceeds of sale by way of a payment to him of $285,000 from such proceeds.
In support of his application the husband relies upon:
a)his affidavit filed on 24 July 2015,
b)his affidavit filed on 26 February 2015,
c)the two affidavits filed by his solicitor Ann Shrale on 24 July 2015.
The wife opposes the orders sought by the husband in her Response to the Application in a Case filed on 5 August 2015. In support of the orders sought by her the wife relies upon her affidavit filed on 5 August 2015.
The husband filed his application for property settlement orders on 24 March 2015. In summary he…
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- BEST & VIDMA [2015] FamCA 715
- Case
- [2015] FamCA 715
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CaseChat Overview and Summary
The primary legal issue before the court was how to characterise and distribute the net proceeds of sale of the property pending a final determination of the parties' financial matters. Specifically, the court needed to decide whether to permit a partial distribution of the proceeds and how to manage the remaining funds.
Foster J ordered that from the net proceeds of sale of the property at Suburb B, the sum of $100,000 was to be paid to each of the husband and wife, or as they directed in writing. The remaining net proceeds were to be held in an interest-bearing controlled monies account in trust for the parties jointly. The court further reserved the characterisation of these payments for the final trial and also reserved the costs of the present application.
Orders
Orders of the court
PENDING FURTHER ORDER, IT IS ORDERED THAT:
1.
That the husband and wife do all things necessary to authorise and direct that from the net proceeds of sale of the property at Suburb B the sum of $100,000 be paid to each of them or as they may otherwise direct in writing and that otherwise the net proceeds of sale be held in an interest bearing controlled monies account in trust for the parties jointly.
2.
That the characterisation of the payment of such monies be reserved to trial.
3.
That the costs of the present application be reserved.
Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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