Gadde and Gadde and Anor (No. 3)

In *Gadde and Gadde and Anor (No. 3)*, Gill J of the Federal Circuit Court of Australia made orders concerning the division of marital assets and the restraint of certain company accounts. The dispute involved the husband and wife, with an intervenor also involved, regarding the disposition of funds held in joint and individual accounts, as well as shares within a company.

The court was required to determine the appropriate orders for the immediate transfer of a significant sum of money from a joint bank account to the wife, and to impose restraints on the husband's dealings with a specific company account. The court also had to consider the terms of any such restraint, including the need for the wife to provide an undertaking for potential damages. Furthermore, the court addressed the costs of the proceedings and the future case management of outstanding matters.

Gill J ordered the immediate payment of $300,000 from a joint NAB account to the wife, authorising a Registrar to sign necessary documents if the husband failed to do so within seven days. The court also restrained the husband from dealing with the cash component of the EE Company account and limited his dealings with shares in that account to selling them and retaining the proceeds within the account, subject to the wife filing an undertaking to pay any damages ultimately found to have arisen from the restraint. Leave was granted to serve the orders on EE Company, and the husband was ordered to pay the wife's and intervenor's costs on an indemnity basis. All outstanding matters were adjourned for case management, with liberty to relist concerning the EE Company account restraint.