EUFROSIN & EUFROSIN

In *Eufrosin & Eufrosin*, Stevenson J determined property settlement orders between the parties. The dispute concerned the division of various assets, including real estate, shares in a company, and business debts, following the breakdown of the marriage.

The court was required to consider the application of sections 75(2) and 79 of the *Family Law Act 1975* (Cth) to determine how the parties' property should be divided. This involved assessing the contributions of each party to the acquisition, conservation, and improvement of the property, as well as considering future needs and other relevant circumstances.

Stevenson J ordered the transfer of two properties to the wife, free from encumbrances. In return, the wife was to transfer her shares in Eufrosin Pty Limited to the husband and resign as a director. The husband was to discharge various business loans and liabilities associated with Eufrosin Pty Limited, using the properties transferred to the wife as security. Additionally, the wife was ordered to pay a sum of $334,709 to the husband. Each party was declared the sole owner of other property in their possession, and each was to indemnify the other against any liabilities related to the property they received.