Farlow and Farlow

In *Farlow and Farlow*, Mushin J made orders concerning the division of property between a husband and wife. The dispute involved the allocation of various assets, including real estate, motor vehicles, financial accounts, shares, superannuation, and business interests, as well as the assumption of liabilities and the payment of a significant sum of money from the husband to the wife.

The court was required to determine how the parties' accumulated property and liabilities should be divided. This involved considering the nature and value of each asset and liability, and ensuring a just and equitable distribution between the husband and wife. The orders reflect a comprehensive settlement of the parties' financial affairs, addressing both the division of existing assets and the allocation of future financial responsibilities.

The orders made by the court detail a specific division of assets and liabilities. The wife received several properties, a motor vehicle, bank accounts, shares, and her superannuation, while assuming associated liabilities and indemnifying the husband against them. Conversely, the husband retained other properties, business interests, horses, his bank account, insurance proceeds, and his superannuation. Crucially, the husband was ordered to pay the wife a substantial sum of $818,925. The orders also provided for the vesting of personal property based on current possession and reserved liberty to apply for both parties.