FAMILY COURT OF AUSTRALIA
| PORTO & PORTO (NO. 3) | [2010] FamCA 1145 |
| FAMILY LAW – PROPERTY – Transaction to defeat claims |
| Family Law Act 1975 (Cth) |
| Anstis & Anstis & Anor (No.1) (2000) FLC 93-013 Minister for Immigration & Ethnic Affairs v Teoh (1995) 183 CLR273 Khademollah & Khademollah (2000) FLC 93-050 Castles & Pesic [2008 FamCa] 1003 Brown & Brown (2007) FLC 93-316 |
| APPLICANT: | Ms Porto |
| RESPONDENT: | Mr Porto |
| FILE NUMBER: | MLC | 3219 | of | 2007 |
| DATE DELIVERED: | 8 December 2010 |
| PLACE DELIVERED: | Melbourne |
| PLACE HEARD: | Melbourne |
| JUDGMENT OF: | DESSAU J |
| HEARING DATE: | 8, 9, 10, 11, 12 November 2010 |
REPRESENTATION
| COUNSEL FOR THE APPLICANT: | Ms Costello |
| SOLICITOR FOR THE APPLICANT: | Holding Redlich |
| COUNSEL FOR THE RESPONDENT: | Mr Glover |
| SOLICITOR FOR THE RESPONDENT: | Berry Family Law |
Orders
That all existing applications shall be adjourned to 10.00am on 17 December 2010 before me for costs and interest argument and the pronouncement of final property orders.
IT IS NOTED that publication of this judgment under the pseudonym Porto & Porto is approved pursuant to s 121(9)(g) of the Family Law Act 1975 (Cth).
| FAMILY COURT OF AUSTRALIA AT MELBOURNE |
FILE NUMBER: MLC 3219 of 2007
| MS PORTO |
Applicant
And
| MR PORTO |
Respondent
REASONS FOR JUDGMENT
INTRODUCTION
Mr and Mrs Porto married 37 years’ ago in Portugal. Shortly after, they moved to Australia. They worked hard, raised their two children, and grew substantial wealth of what was by 2005, the year of their separation, between about $4.5 and $5.5 million, depending whose account is accepted.
In about 2002, the parties started to “cash up” their Australian assets. Although they disagree as to the longer term plan they had at the time, they agree that between mid-2004 and mid-2005 they transferred the substantial part of the family wealth to Portugal.
On the husband’s version, he lost all the money there, in a fraud perpetrated against him just prior to his return to Australia and separation from his wife, in October 2005.
On the wife’s version, there was no such fraud. The husband simply secreted the monies to thwart her property settlement.
There are four steps for me in any property case. The first is to establish the pool of assets and liabilities. The second is to determine each party’s respective contributions. The third is to consider a range of factors including the parties’ respective future needs and responsibilities. The final step is to consider how to achieve a just and equitable result in a property division between them.
In this case, the question of the lost or hidden funds is at the heart of it all. The parties otherwise agree that they made different but equal contributions in the course of the marriage, and that taking into account s 75(2) of the Family Law Act and other matters, each would be entitled to half of any assets.
BACKGROUND
Mr Porto (“the husband”) was born in Portugal in 1947. He is now aged 63. Ms Porto (“the wife”) was born in Portugal in 1955 and…
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- Porto & Porto (No 3) [2010] FamCA 1145
- Case
- [2010] FamCA 1145
- Decision Date
CaseChat Overview and Summary
The central legal issues before the court were the determination of final property orders and the assessment of costs and interest associated with the proceedings. The court was required to resolve these outstanding matters to bring the litigation to a conclusion.
Dessau J adjourned all existing applications to a specific date for the purpose of hearing arguments on costs and interest, and thereafter, for the pronouncement of final property orders. This indicates that the substantive determination of the property division had likely occurred or was imminent, with the focus shifting to the financial consequences of the litigation and the finalisation of the property settlement.
Orders
Orders of the court
1.
That all existing applications shall be adjourned to 10.00am on 17 December 2010 before me for costs and interest argument and the pronouncement of final property orders.
Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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