Billington and Billington (No. 3)

In *Billington and Billington (No. 3)*, Cronin J was required to make orders concerning the division of property and the financial relationship between the husband and wife. The dispute involved the settlement of financial matters arising from the marital relationship, including the disposition of real property, company shares, trust interests, and various financial assets and liabilities.

The court was tasked with determining the terms of a final property settlement, including the payment of a significant sum by the husband to the wife, the transfer of interests in real estate, and the division of shareholdings and trust entitlements. Further issues before the court included the management and sale of a property if settlement was not achieved by a specified date, the indemnification of the wife against liabilities arising from certain entities, and the allocation of specific financial policies. The court also had to address the dismissal of extant applications and the determination of any applications for costs.

Cronin J made detailed orders to effect a final property settlement. The husband was ordered to pay a substantial sum to the wife by a specified date, with provisions for the sale of a property by public auction if this payment was not made. The orders stipulated the transfer of interests in a property, company shares, and trust entitlements, with the wife to relinquish her interests in certain entities and the husband to indemnify her against liabilities arising from them. The court also ordered the parties to retain ownership of specific insurance policies in their respective names and to relinquish any interest in assets held by the other, save as provided by the orders. All extant applications were dismissed, with a mechanism established for the determination of costs.