Pandelis and Pandelis

In the matter of Pandelis and Pandelis, Judge Henderson of the Federal Circuit and Family Court of Australia made orders concerning the property interests of the parties. The dispute involved the division of a pool of assets, including real estate and superannuation, and the allocation of debts.

The court was required to determine the appropriate property adjustment under section 79 of the *Family Law Act 1975* (Cth), considering the parties' contributions, financial resources, and future needs. Specifically, the court had to decide how to divide the net proceeds from the sale of certain properties, discharge various debts, and address the parties' respective superannuation entitlements and other miscellaneous assets.

Judge Henderson ordered a property alteration that entitled the wife to 65% of the total asset pool (excluding superannuation) and the husband to 35%. This was to be achieved through a complex series of steps involving the potential sale of two properties, Property C and Property H, with specific reserve prices and conduct of sale provisions. The orders detailed the order of priority for discharging mortgages, lines of credit, specific debts owed to third parties and the parties themselves, capital gains tax, and sale costs. The husband was also ordered to pay school fees from his share of the sale proceeds. Provisions were made for scenarios where the wife retained Property H, or if either party was unable to comply with the initial proposed property division, leading to alternative sale arrangements and distribution of proceeds. Furthermore, the court made specific orders regarding the husband's superannuation, directing a payment to the wife from his entitlement, and also ordered the equal division of frequent flyer points converted into vouchers.