Northey and Claughton (No.2)

This matter concerned property adjustment orders made by Judge Burchardt of the Federal Circuit Court. The dispute involved the division of various assets between the Husband and the Wife, including multiple real properties, a partnership, and other personal and financial interests.

The court was required to determine the terms of the sale and distribution of proceeds from several real properties, the payment of a significant sum from the Husband to the Wife, and the dissolution and transfer of a partnership. Additionally, the court needed to address the allocation of specific assets such as motor vehicles and shareholdings, and the respective liabilities and indemnities of each party concerning these assets and the partnership.

The court made final property adjustment orders, detailing the sale of specified real properties, the application of sale proceeds, and a substantial payment to be made by the Husband to the Wife, subject to certain deductions and adjustments. These orders also provided for the dissolution of the parties' partnership, with the Husband to receive the Wife's interest and indemnify her against all liabilities arising from it. The court also allocated various other assets and liabilities between the parties, including motor vehicles, shareholdings, and superannuation entitlements, and severed any joint tenancies. Liberty to apply was reserved.