Kasiopoulos and Garapiperis (No 2)

In *Kasiopoulos and Garapiperis (No 2)*, Justice Loughnan of the Federal Circuit and Family Court of Australia made orders concerning the division of property and ancillary matters between the applicant husband and the respondent wife. The dispute centred on the equitable distribution of assets, particularly the matrimonial home, and the wife's application for spousal maintenance.

The court was required to determine the terms of the property settlement, including the financial contributions and entitlements of each party, and the method for dealing with the matrimonial home. A key legal issue was whether the wife should be granted leave to bring proceedings for spousal maintenance out of time.

Justice Loughnan ordered that the wife pay the husband a sum of $91,070.85 within 42 days. Upon this payment, the husband was to transfer his interest in the matrimonial home to the wife, who was then to discharge the associated loan and indemnify the husband. In the alternative, should the wife fail to meet these obligations, the matrimonial home was to be listed for sale, with proceeds to be applied first to sale costs, then to discharge the mortgage, and the balance to be divided with 9.4 per cent to the husband and the remainder to the wife. The court also dismissed the wife's application for leave to bring proceedings for spousal maintenance out of time.