FEDERAL MAGISTRATES COURT OF AUSTRALIA
| DALRY & DALRY | [2007] FMCAfam 171 |
| FAMILY LAW – Property – marriage of approximately twenty-three years in duration – children of marriage aged 23 and 20 – major asset cane farm acquired from husband’s parents in part through donation and in part through subsidised purchase – weight to be given to such contributions – weight to be given to home making and parenting contributions – valuation issues – cane farm valued as both a farming concern and as “life style” blocks – highest and best use – assessment of s.75(2) factors – just and equitable. |
| Family Law Act 1975, ss,79, 75(2) |
| Commonwealth v Milledge (1953) 90CLR 157 Spencer v Commonwealth (1907) 5 CLR 418 Lee Steere v Lee Steere (1998) FLC 91-626 Ferraro v Ferraro (1993) FLC 92-335 Clauson v Clauson (1995) FLC 92-595 Wardman & Hudson (1978) FLC 90-466 TWN & PAQ [2005] FamCA 677 Pierce & Pierce [1999] FLC 92-844 Russell v Russell (1999) FamCA 187 D & D [2003] FamCA 473 Smith & Smith (1991) FLC 92-261 Waters & Jurek (1995) FLC 92-635 GVR v VAR [2006] FamCA 894 Rosati v Rosati (1998) FLC 92-804 Gosper & Gosper (1987) FLC 91-818 Kessey & Kessey (1994) FLC 92-495 |
| Applicant: | MR DALRY |
| Respondent: | MS DALRY |
| File No: | TVM 2169 of 2006 |
| Delivered on: | 2 April 2007 |
| Delivered at: | Adelaide |
| Hearing dates: | 20 & 21 February 2007 |
| Judgment of: | Brown FM |
REPRESENTATION
| Counsel for the Applicant: | Ms Pagani |
| Solicitors for the Applicant: | J Hamilton & Associates |
| Counsel for the Respondent: | Mrs Pack SC |
| Solicitors for the Respondent: | M.S. Kelly & Co |
ORDERS
The husband pay to the wife the sum of $175,000.00 within sixty (60) days of the date of these orders.
Concurrently with order 1 hereof the wife transfer to the husband all her right, title and interest in the cane farm being Lot 1 on Registered Plan 71xxx and Lots 5 and 6 on Registered Plan 73xxx.
The husband retain all the plant and equipment associated with the cane farm referred to in order 2 hereof and which is currently in his possession.
The Holden motor vehicle be sold as soon as is practicable and the husband take all necessary steps to place the aforesaid vehicle on the market at a price to be agreed between the parties and after the selling costs have been paid, the proceeds be divided so that the husband receive 70% of the proceeds and the wife receives 30%.
The husband indemnify the wife and keep her forever indemnified in respect of all debts owed by the parties to the National Australia Bank and to Mrs D Senior (the husband’s mother).
Concurrently with order 1 hereof the husband transfer to the wife, at the husband’s expense, all his interest in the Telstra shares and AMP shares currently jointly owned by the parties.
Unless otherwise specified in these orders:
(a)Each party be solely entitled to the exclusion of the other to all other property and chattels of whatsoever…
Continue reading Dalry and Dalry
Sign in free to access the full text
- AGLC
- Dalry and Dalry [2007] FMCAfam 171
- Case
- [2007] FMCAfam 171
- Decision Date
CaseChat Overview and Summary
The court addressed several key legal issues, including the principles of fairness and equality in property division, the valuation of assets, and the implications of each party retaining their respective liabilities. The court considered the contributions of each spouse to the acquisition and maintenance of the assets, as well as future earning capacities and needs. In making its determinations, the court balanced the equitable distribution of property with the need to provide for the wife's reasonable ongoing needs. The court also gave weight to the husband's capacity to meet the financial orders made against him.
After careful consideration, the court ordered that the husband pay the wife $175,000 within sixty days, transfer his interest in certain shares to her, and indemnify her against specific debts. The wife was to transfer her interest in the cane farm to the husband. The court also directed the sale of a motor vehicle, with the proceeds to be divided between the parties in specified proportions. The court further delineated that each party was to be solely responsible for any liabilities associated with the property they retained. Additionally, the court reserved the right for the wife to seek further orders if the husband failed to comply with the primary financial order.
Orders
Orders of the court
1.
The husband pay to the wife the sum of $175,000.00 within sixty (60) days of the date of these orders.
2.
Concurrently with order 1 hereof the wife transfer to the husband all her right, title and interest in the cane farm being Lot 1 on Registered Plan 71xxx and Lots 5 and 6 on Registered Plan 73xxx.
3.
The husband retain all the plant and equipment associated with the cane farm referred to in order 2 hereof and which is currently in his possession.
4.
The Holden motor vehicle be sold as soon as is practicable and the husband take all necessary steps to place the aforesaid vehicle on the market at a price to be agreed between the parties and after the selling costs have been paid, the proceeds be divided so that the husband receive 70% of the proceeds and the wife receives 30%.
5.
The husband indemnify the wife and keep her forever indemnified in respect of all debts owed by the parties to the National Australia Bank and to Mrs D Senior (the husband’s mother).
6.
Concurrently with order 1 hereof the husband transfer to the wife, at the husband’s expense, all his interest in the Telstra shares and AMP shares currently jointly owned by the parties.
7.
Unless otherwise specified in these orders:
(a) Each party be solely entitled to the exclusion of the other to all other property and chattels of whatsoever nature and kind in the possession of such party as at the date of these orders and that for this purpose bank accounts are deemed to be in the possession of the person whose name appears on the bank records thereof, insurance policies are deemed to be in the possession of the beneficiary thereof and superannuation entitlements are deemed to be in the possession of the person who is named as the worker whose age working future provides the conditions for payment out of such entitlements.
(b) Each party be solely liable for and indemnify the other against any liability encumbering any item of property to which that party is entitled pursuant to these orders.
8.
The parties have liberty to apply for consequential orders in the event the husband is unable to comply with order 1 hereof.
Background
Background to the litigation
Full text does not contain this section.
Evidence
Evidence Before The Court
Full text does not contain this section.
Decision
Reasons for decision
Full text does not contain this section.
Ratio Decidendi
Legal Principle Established
Full text does not contain this section.