IANNELLO & IANNELLO (No.3)

In *Iannello & Iannello (No.3)*, Judge C.E. Kirton QC of the Family Court of Australia considered an application by the Husband for part property settlement and for orders concerning the Wife's future bonus payments. The dispute centred on how certain assets should be treated and distributed as part of the overall property settlement between the parties.

The primary legal issues before the Court were whether the Husband should be permitted to retain specific shares as a partial property settlement and whether orders should be made regarding the Wife's entitlement to future bonus payments. The Court was required to determine the appropriate characterisation and distribution of these assets within the framework of the *Family Law Act 1975* (Cth).

The Court ordered that the Husband retain the shares detailed in his Financial Statement as a partial property settlement, pursuant to sections 79 and 80(1)(h) of the *Family Law Act 1975*. Consequently, the Husband's application concerning the Wife's future bonus payments was dismissed. The Court also ordered the Husband to pay the Wife's costs for the interim hearing in the sum of $3,619.38.