Cameron and Cameron
Case
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[2007] FamCA 1115
•13 July 2007
Details
AGLC
Case
Decision Date
Cameron and Cameron [2007] FamCA 1115
[2007] FamCA 1115
13 July 2007
CaseChat Overview and Summary
In *Cameron and Cameron*, heard by Barry J, the parties sought orders for a partial property settlement. The dispute concerned the division of various assets, including real property, a self-managed superannuation fund, and a company, with the wife being ordered to transfer her interest in one property to the husband in exchange for a sum of money, and also to transfer her interest in the superannuation fund.
The court was required to determine the terms of a partial property settlement between the parties. This involved deciding the allocation of specific assets and liabilities, including the transfer of property interests, the payment of a sum of money, the responsibility for capital gains tax, and the division of a self-managed superannuation fund. The court also needed to address the future determination of the value of a company, E Pty Ltd.
Barry J made orders for a partial property settlement, directing the wife to transfer her interest in the "B property" to the husband in return for a payment of $106,409. The wife was also to be liable for any capital gains tax on the sale of the "M property" and to transfer her entire interest in the self-managed superannuation fund to the husband. Each party was to retain other assets in their possession. A Registrar of the Family Court of Australia was appointed to execute documents if a party refused to do so. The question of the value of E Pty Ltd was adjourned.
The court was required to determine the terms of a partial property settlement between the parties. This involved deciding the allocation of specific assets and liabilities, including the transfer of property interests, the payment of a sum of money, the responsibility for capital gains tax, and the division of a self-managed superannuation fund. The court also needed to address the future determination of the value of a company, E Pty Ltd.
Barry J made orders for a partial property settlement, directing the wife to transfer her interest in the "B property" to the husband in return for a payment of $106,409. The wife was also to be liable for any capital gains tax on the sale of the "M property" and to transfer her entire interest in the self-managed superannuation fund to the husband. Each party was to retain other assets in their possession. A Registrar of the Family Court of Australia was appointed to execute documents if a party refused to do so. The question of the value of E Pty Ltd was adjourned.
Details
Key Legal Topics
Areas of Law
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Family Law
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Property Law
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Tax Law
Legal Concepts
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Remedies
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Jurisdiction
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Citations
Cameron and Cameron [2007] FamCA 1115
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