Lennon and Lennon

This matter concerned consent orders made by Macmillan J in the Federal Circuit Court of Australia between the parties, Lennon and Lennon. The dispute revolved around the division of property and the resolution of financial liabilities between the parties.

The court was required to determine the terms of consent orders that would finally determine the financial relationship between the parties. These orders addressed the refinancing or sale of two properties, B Street and D Street, the distribution of proceeds from any sale, the discharge of various debts and liabilities, the transfer of interests in numerous companies and trusts, and the allocation of other assets and liabilities.

The court's reasoning was based on the consent of the parties, as evidenced by the detailed orders made. These orders stipulated specific actions to be taken by each party regarding the properties, including refinancing obligations, sale conditions, and the distribution of sale proceeds. The orders also included provisions for the indemnification of liabilities, the transfer of directorships and shareholdings, and the removal of caveats. Furthermore, the court noted by consent that the orders were intended to finally determine the financial relationship between the parties pursuant to section 81 of the *Family Law Act 1975*, and that a Binding Financial Agreement would be entered into concerning spousal maintenance.

By consent, the court ordered the specific terms of settlement, including the refinancing or sale of the B Street property, the transfer of the D Street property or its sale, the discharge of various debts, the transfer of interests in numerous entities, and the allocation of other assets and liabilities. The orders also included provisions for confidentiality, compliance with a Deed of Forbearance with Bendigo Bank, and the appointment of a Registrar to execute documents if necessary. The parties' applications were otherwise dismissed, and the proceedings were removed from the pending cases list.