LASKE & LASKE

In the matter of LASKE & LASKE, Aldridge J made orders concerning the property settlement between the husband and wife. The dispute involved the division of various assets, including real estate, a timeshare interest, motor vehicles, company interests, bank accounts, household contents, and superannuation funds, as well as the allocation of debts.

The court was required to determine the appropriate distribution of the parties' assets and liabilities. This involved assessing the value of each asset and liability and making orders for their division, including provisions for the realisation and sale of certain properties and the payment of a lump sum by the husband to the wife. The court also considered the potential for default in payment and made consequential orders regarding the joinder of a third party and the appointment of trustees for sale.

Aldridge J applied principles of property adjustment under the *Family Law Act 1975* (Cth). The court ordered the husband to pay a significant sum to the wife within 120 days, with a default provision requiring the sale of the C Town property if payment was not made. Leave was granted to the wife to join Mr I Laske and seek the appointment of trustees for sale of the C Town property in the event of the husband's default. The parties were also ordered to sell their timeshare interest and divide the net proceeds in specified proportions. Specific assets, including motor vehicles, company interests, bank accounts, household contents, and superannuation, were allocated to each party. Each party was to be solely responsible for their existing debts and to indemnify the other. The court also made orders for the execution of necessary documents by the Registrar in case of refusal by a party.