Luo and Zeng

This matter concerned orders made by Judge Obradovic in the Federal Circuit Court of Australia, dealing with the division of property between the parties, Ms Luo (the wife) and Mr Zeng (the husband). The dispute involved the sale of a property, the distribution of sale proceeds, the winding up of a company, and the division of superannuation interests and other financial resources.

The court was required to determine the terms and conditions for the sale of a property, including the method of sale, listing price, and the appointment of agents and solicitors in the event of disagreement. Further, the court needed to establish the priority of payments from the sale proceeds, including adjustments, costs, mortgage discharge, company debts, and the final distribution between the parties. The court also addressed the division of superannuation interests pursuant to section 90MT(1)(a) of the *Family Law Act 1975* (Cth) and the retention of other assets and liabilities by each party.

The court ordered that the property be listed for sale by private treaty within seven days, with provisions for appointing an agent and determining the listing price if the parties could not agree. If the property remained unsold after three months, it was to be sold by public auction, with further provisions for re-listing if it did not sell at auction. The proceeds of sale were to be applied in a specific order of priority, with the balance to be distributed 53% to the wife and 47% to the husband. The court also made orders for the division of superannuation, the closure of joint bank accounts, and the exclusive retention of other assets and liabilities by each party, including provisions for indemnification. The Registrar of the Federal Circuit Court was appointed to execute documents if a party refused to do so.