NAVE & RAYMOND

In the matter of *Nave & Raymond*, Rees J of the Family Court of Australia determined the division of assets between the husband, Mr Nave, and the wife, Ms Raymond. The dispute concerned the distribution of funds held in a controlled monies account, bank accounts, vehicles, and the contents of the former matrimonial home.

The court was required to determine how the parties' financial and non-financial assets should be divided. Specifically, the court needed to decide the quantum of funds to be paid from the controlled monies account to each party, the allocation of interests in joint bank accounts, the ownership of a utility vehicle and a Japanese motor vehicle, and the method for dividing the contents of the former matrimonial home.

Rees J ordered that the funds in the controlled monies account be paid, with $356,850 to the wife and the remaining balance to the husband. The parties' interests in St George Bank and ING Bank accounts were to be transferred to the husband. The utility vehicle was also to be transferred to the husband, while the Japanese motor vehicle was to be transferred to the wife. Furthermore, the court stipulated that unless the parties agreed otherwise, the husband was to prepare two lists of the contents of the former matrimonial home, and the wife would then choose one list, with each party receiving the items on their respective chosen or remaining list.