Dewell and Harris

In *Dewell and Harris*, the husband and wife were parties to family law proceedings concerning the division of their matrimonial assets. The dispute ultimately came before Rees J in the Federal Circuit and Family Court of Australia.

The central legal issue before the Court was the appropriate method for calculating and ordering the payment of interest on a sum of money awarded to the wife as part of the property settlement. Specifically, the Court needed to determine the quantum of interest and the timeframe for its payment.

Rees J ordered the husband to pay the wife interest in the sum of $222,927.03 within seven days of the date of the orders. This order reflects the Court's determination of the financial adjustment required between the parties, incorporating an interest component on a specific sum.