FEDERAL MAGISTRATES COURT OF AUSTRALIA
| KENDRICK & KENDRICK | [2012] FMCAfam 1032 |
| FAMILY LAW – Property – add backs – notional asset pool – financial contribution from wife’s parents during marriage – portion of funds spent by husband notionally added back into asset pool – s.75(2) future needs. |
| Family Law Act 1975, ss.75(2), 79 |
| Lee Steere & Lee Steere (1985) FLC 91-626 Kessey & Kessey (1994) FLC 92-495 |
| Applicant: | MS KENDRICK |
| Respondent: | MR KENDRICK |
| File Number: | ADC 2649 of 2011 |
| Judgment of: | Kelly FM |
| Hearing dates: | 14, 15, 27 June, 26 July 2012 |
| Date of Last Submission: | 26 July 2012 |
| Delivered at: | Adelaide |
| Delivered on: | 28 September 2012 |
REPRESENTATION
| Counsel for the Applicant: | Ms H Tinning |
| Solicitors for the Applicant: | Adey Lawyers |
| Counsel for the Respondent: | Mr Campton |
| Solicitors for the Respondent: | Andrew R Ford |
ORDERS
In full and final settlement of any claim that either party may have against the other now or at any time in the future for settlement of property
The funds presently held in NAB Account no [1] be disbursed as follows:
(a)to the wife the sum of $207,418;
(b)to the husband the sum of $518,926.
Within 28 days the husband shall transfer to the wife his estate and interest in the following:
(a)the Voyager and Mercedes motor vehicles;
(b)his shareholding in [D] Investment Group Pty Ltd (“the company”) and shall resign as a director of that company;
(c)his interest as a beneficiary or other object, or his units in both the [D] Trust and the [D] Investment Trust;
with the wife to prepare all necessary documentation at her expense to give effect to the relevant transfers.
Thereafter the wife shall be responsible for and pay all claims, actions, demands and liabilities arising from or relating to the husband’s interest in the [D] Investment Group Pty Ltd (whether as a shareholder or director of the company), the [D] Investment Trust and the [D] Trust and shall indemnify the husband in relation to same.
Thereafter the husband shall forego any claim against the [D] Investment Group Pty Ltd, the [D] Trust and the [D] Investment Trust or any claim against the wife in relation to any of these entities.
The determination of the husband’s involvement, holding or capacity with respect to the company and the Trusts shall be deemed to have fully ended on 30 June 2011.
As and from 30 June 2011 the wife shall hereby be deemed at all times from that date to have had the sole conduct and running of the company and Trusts without any claim by the husband.
In accordance with section 90MT(1) of the Family…
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- Kendrick and Kendrick [2012] FMCAfam 1032
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- [2012] FMCAfam 1032
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