Braddon and Braddon

In the matter of *Braddon and Braddon*, Cohen J of the Family Court of Australia was required to determine the distribution of funds held in a controlled moneys account following proceedings between the parties. The dispute concerned the division of assets and liabilities between the husband and wife.

The central legal issue before the Court was how to distribute the funds held in the controlled moneys account, which comprised various sums owed to creditors, the wife's parents, and the parties themselves. The Court also needed to clarify the extent of each party's interest in the property and liabilities of the other, as previously specified in a judgment of 28 November 2008.

Cohen J ordered that specific sums be paid from the controlled moneys account to GE Creditline and Network Finance, the wife's parents, the husband, and the wife. The remaining balance was to be divided, with the husband receiving 55% and the wife receiving 45%. The Court further declared that neither party held any interest in the property or notional property, nor liability for the debts of the other, as identified in paragraph 40 of the earlier judgment. Costs were reserved.