Bulleen & Bulleen (No 2)

In the matter of *Bulleen & Bulleen (No 2)*, Justice Cronin of the Family Court of Australia considered an application by the husband concerning his financial obligations to the wife. The dispute arose in the context of property settlement proceedings, with the court addressing the husband's ability to meet substantial payments ordered in favour of the wife.

The primary legal issue before the court was whether to grant the husband liberty to draw funds from the Bulleen Investment Trust to satisfy a significant portion of the wife's entitlements and to cover his own taxation liabilities arising from company liquidations. This involved considering the impact of existing injunctions on the husband's access to trust assets and the court's discretion to permit such withdrawals.

Justice Cronin reasoned that, notwithstanding previous injunctions, it was appropriate to allow the husband to draw $11,000,000 net from the Bulleen Investment Trust by 4 June 2010, as a part payment of the wife's entitlements. Furthermore, the court permitted the husband to withdraw an additional sum of up to $600,000 from the trust to meet his personal taxation obligations stemming from the liquidation of Bulleen & Sons Pty. Ltd. and R Pty. Ltd. The wife's application for costs in relation to this specific hearing was dismissed.