FEDERAL MAGISTRATES COURT OF AUSTRALIA
| BRAY & BRAY | [2011] FMCAfam 906 |
| FAMILY LAW – Property – trauma insurance payment – effect on division of assets. |
| Family Law Act 1975, ss.75 and 79 |
| Hickey & Hickey & Attorney for Commonwealth of Australia (Intervenor) (2003) FLC 93-143 Munroe & Monroe [2009] FamCAFC 173 Strahan & Strahan [2009] FamCAFC 166 |
| Applicant: | MR BRAY |
| Respondent: | MS BRAY |
| File Number: | ADC 1852 of 2009 |
| Judgment of: | Cole FM |
| Hearing dates: | 3, 4 & 9 November and 23 December 2010, 28 January, 16 & 23 February, 7 & 15 March and 11 April 2011 |
| Date of Last Submission: | 11 April 2011 |
| Delivered at: | Adelaide |
| Delivered on: | 16 September 2011 |
REPRESENTATION
| Counsel for the Applicant: | Mr Jordan |
| Solicitors for the Applicant: | David Burrell & Co. |
| Counsel for the Respondent: | Mr Heinrich |
| Solicitors for the Respondent: | Adelaide Family Law |
ORDERS
The husband pay to the wife the sum of $530,023 as follows:
(a)the sum of $230,023 within fourteen (14 days); and
(b)the sum of $300,000 within sixty (60) days.
Simultaneous with the payment in paragraph 1(b), the wife sign such documents (the cost of the preparation of such documents to be at the husband’s expense) and do such actions as are reasonably required:
(a)to resign from any office she may hold with the Bray Family Trust;
(b)to transfer any interest she may hold in the Trust assets to the husband including the interest in [G] and the Mercedes van;
(c)to transfer her right, title and interest in the property situated at Property S, [S], being the whole of the land comprised in Certificate of Title Register Book Volume [omitted]; and
(d)to enable the husband to obtain finance for the purposes of complying with these orders by the provision of the signed documents on such terms as agreed between the parties.
Save and except that the wife will pay her PAYG tax and income tax for the 2009, 2010 and 2011 financial years, the husband indemnify the wife and keep her indemnified in respect of any liabilities arising from her interest in the Bray Family Trust.
Any interest the husband may have in:
(a)the property situated at Property P, [P];
(b)the Honda Motor vehicle;
(c)the VW motor vehicle in the wife’s possession;
(d)the [business] equipment; and
(e)the chattels and personal items in her possession and control
vest in the wife absolutely.
The wife indemnify the husband and keep him indemnified in respect of any liability arising from the property in the wife’s possession including but not limited to:
(a)the mortgage secured against the [P] property;
(b)her credit card liabilities; and
(c)her personal tax liabilities.
Any interest the wife may have in:
(a)the property situated at Property M, [M];
(b)the boat in the husband’s possession;
(c)the husband’s superannuation entitlements; and
(d)the chattels and personal items in his possession and control
vest…
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- AGLC
- Bray and Bray [2011] FMCAfam 906
- Case
- [2011] FMCAfam 906
- Decision Date
CaseChat Overview and Summary
The court was required to determine how best to divide the assets and liabilities between the parties, considering their respective contributions to the accumulation of wealth, their future needs, and the overall fairness of the outcome. The court also had to decide on the specific steps each party should take to effectuate the division of assets and to ensure that each party was protected against certain liabilities arising from the division.
The court found that the husband was to pay the wife a sum of money in two installments, while the wife was to transfer various assets and interests to the husband, including her interest in a property and a vehicle. The husband was also to indemnify the wife against certain liabilities arising from her interest in a family trust. The wife was to indemnify the husband against liabilities related to certain properties and personal debts in his possession. Additionally, specific properties and personal items were allocated to each party, with each party indemnifying the other against liabilities associated with those items.
In conclusion, the court issued orders detailing the division of assets and liabilities, the steps to be taken by each party to effectuate the division, and the indemnification obligations between the parties. The proceedings were dismissed, and all extant orders were discharged.
Orders
Orders of the court
1.
The husband pay to the wife the sum of $530,023 as follows:
(a) the sum of $230,023 within fourteen (14 days); and
(b) the sum of $300,000 within sixty (60) days.
2.
Simultaneous with the payment in paragraph 1(b), the wife sign such documents (the cost of the preparation of such documents to be at the husband’s expense) and do such actions as are reasonably required:
(a) to resign from any office she may hold with the Bray Family Trust;
(b) to transfer any interest she may hold in the Trust assets to the husband including the interest in [G] and the Mercedes van;
(c) to transfer her right, title and interest in the property situated at Property S, [S], being the whole of the land comprised in Certificate of Title Register Book Volume [omitted]; and
(d) to enable the husband to obtain finance for the purposes of complying with these orders by the provision of the signed documents on such terms as agreed between the parties.
3.
Save and except that the wife will pay her PAYG tax and income tax for the 2009, 2010 and 2011 financial years, the husband indemnify the wife and keep her indemnified in respect of any liabilities arising from her interest in the Bray Family Trust.
4.
Any interest the husband may have in:
(a) the property situated at Property P, [P];
(b) the Honda Motor vehicle;
(c) the VW motor vehicle in the wife’s possession;
(d) the [business] equipment; and
(e) the chattels and personal items in her possession and control
vest in the wife absolutely.
5.
The wife indemnify the husband and keep him indemnified in respect of any liability arising from the property in the wife’s possession including but not limited to:
(a) the mortgage secured against the [P] property;
(b) her credit card liabilities; and
(c) her personal tax liabilities.
6.
Any interest the wife may have in:
(a) the property situated at Property M, [M];
(b) the boat in the husband’s possession;
(c) the husband’s superannuation entitlements; and
(d) the chattels and personal items in his possession and control
vest in the husband absolutely.
7.
The husband indemnify the wife and keep her indemnified in respect of any liability arising from the property in the husband’s possession including but not limited to:
(d) the mortgage secured against the [M] property;
(e) his credit card liabilities; and
(f) his personal tax liabilities.
8.
There be liberty to the parties to apply as to consequential orders.
9.
The proceedings be otherwise dismissed and all extant orders be discharged.
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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