Golding and Golding

In the matter of *Golding and Golding*, Cronin J of the Family Court of Australia considered a dispute between a husband and wife concerning property settlement. The orders indicate that the wife was to transfer her interest in a property located at N Street, Town B, NSW, to the husband, who was to pay her $15,000 for this interest. The husband was also ordered to indemnify the wife in respect of the mortgage and outgoings on this property and to provide a discharge of her liability to the National Australia Bank.

The central legal issues before the court involved the division of property between the parties, specifically the disposition of the Town B property and the associated financial liabilities. The court was required to determine the terms of the property transfer, including the payment of a sum by the husband to the wife, and to ensure the wife was indemnified from ongoing mortgage obligations and discharged from her liability to the bank.

Cronin J ordered that the husband pay the wife $15,000, which had already been paid, by 10 February 2012, in exchange for the wife transferring her interest in the Town B property to him at his expense. The husband was further directed to immediately pay and indemnify the wife for the mortgage and outgoings related to that property. Additionally, by 10 February 2012, the husband was to provide the wife with a discharge of her liability to the National Australia Bank concerning the mortgage on the Town B property. The court also ordered that each party retain all other property in their possession, including superannuation, to the exclusion of the other, and that all other extant applications be dismissed.