Geborovich and Geborovich

Judicial Registrar Loughnan considered the financial matters between the husband and wife in this family law proceeding. The dispute concerned the division of property, specifically the wife's entitlement to a sum of money from the husband.

The court was required to determine the specific orders to be made regarding the financial settlement between the parties. This included the method and timeframe for the husband to satisfy his financial obligations to the wife, and the consequences of any failure to comply with those orders. The court also needed to address the division of other assets and the mechanism for enforcing the orders.

The court ordered the husband to pay the wife a sum of $118,401.00 within two months. If this payment was not made, the husband was directed to take all necessary steps to sell their property at J, New South Wales, at the best reasonably obtainable price. The orders provided a mechanism for resolving disputes regarding the sale price or reserve price by appointing the President of the Australian Institute of Valuers. Specific timeframes were set for the sale, and the proceeds were to be applied first to sale costs, then to the wife's payment with interest, with any balance to the husband. The court also ordered that each party retain other assets in their possession and appointed the Registrar of the Family Court of Australia as an attorney to execute documents if either party refused to do so, pursuant to section 106A of the Family Law Act 1975 (Cth).