Chang and Liao and Ors

In the matter of *Chang and Liao and Ors*, Judicial Registrar Loughnan made orders concerning the division of property between a husband and wife. The dispute involved the distribution of assets and liabilities following the breakdown of the marriage, with specific attention to a property located in New South Wales.

The court was required to determine how the parties' property and debts should be divided, including the sale of their jointly owned home and the distribution of the net proceeds. The orders also addressed the allocation of other assets, chattels, and superannuation held by each party, as well as the indemnification of each party for any debts associated with the property they retained.

Judicial Registrar Loughnan ordered the husband to pay a sum of $75,000 to the wife's solicitor within two months. The parties were directed to sell their New South Wales property by private treaty, with a mechanism in place to resolve any disagreements regarding price or marketing by seeking a decision from the President of the Real Estate Institute of NSW. The net proceeds of the sale were to be applied in a specific order of priority: firstly, to discharge the Commonwealth Bank mortgage; secondly, to cover sale costs and legal expenses; thirdly, agent's commission and advertising; fourthly, costs associated with the Real Estate Institute's involvement; and finally, any remaining proceeds were to be paid to the wife. The orders stipulated that each party would retain all other property, chattels, and superannuation in their respective names or possession, and would indemnify the other for any associated debts. The Registrar was appointed as an attorney to execute documents if either party failed to comply with the orders, and the operation of the orders was stayed for 21 days, with leave granted to restore proceedings regarding the form of the orders.