Preiss and Preiss

In the matter of *Preiss and Preiss*, Cronin J considered parenting orders and property settlement between a husband and wife. The dispute involved the arrangements for their child and the division of their assets, including real estate and shares.

The court was required to determine the terms of parenting orders, specifically concerning the child's living arrangements and time spent with each parent, and to make orders regarding the division of the parties' property. This included the disposition of a property in Suburb Y, funds held in Israel, and shares in K Limited, as well as addressing potential shortfalls in entitlements and the sale of an Israeli apartment.

Cronin J discharged all extant parenting orders and established new arrangements for the child, granting equal shared parental responsibility. The child was ordered to live with the wife, with specific provisions for the child's time spent with the husband during school terms and holidays. The court also made detailed orders for the sale of shares in K Limited and the distribution of proceeds, and for the transfer of the husband's interest in the M Street property to the wife. Further orders addressed the division of Israeli bank funds and the potential sale of an Israeli apartment to satisfy the wife's entitlement, with provisions for interest and liberty to apply.