Georgeson and Georgeson

In *Georgeson and Georgeson*, Cleary J of the Family Court of Australia made orders concerning the division of property and the resolution of financial disputes between the parties. The proceedings involved the wife being directed to sell a property located in the United States of America, with the net proceeds to be distributed according to a specified formula after the payment of sale expenses and certain debts.

The court was required to determine the appropriate distribution of the net proceeds from the sale of the overseas property, as well as to make final orders regarding the division of other assets and liabilities. This included addressing the entitlement of each party to property in their possession, bank accounts, superannuation benefits, and insurance policies, and establishing a mechanism for indemnifying each party against liabilities associated with the property allocated to them.

Cleary J ordered that the wife was to take all necessary steps to sell the D Street property within six weeks. Following the deduction of sale expenses and liabilities associated with the property, the wife was to receive her legal costs of AU$15,615. The remaining net proceeds were to be divided with 60% allocated to the wife and 40% to the husband. Further orders stipulated that each party was solely entitled to property in their possession, bank accounts, and insurance policies, and that they would forego claims to each other's superannuation. Each party was also to indemnify the other against liabilities encumbering their respective property entitlements. The court also empowered the Registrar to execute documents on behalf of a party who refused or neglected to do so, pursuant to section 106A of the *Family Law Act 1975*.