Rennes and Rennes

In the matter of *Rennes and Rennes*, Brown J of the Family Court of Australia was required to make orders concerning the financial affairs of the parties, specifically relating to the audit and valuation of two companies, L Services Pty Ltd and L Home Pty Ltd, and the provision of financial information between the parties. The dispute involved the need for a comprehensive audit of the companies' accounts and a valuation of L Services Pty Ltd, as well as ongoing financial disclosure obligations.

The court was tasked with determining the specific terms and timelines for the audit of L Services Pty Ltd and L Home Pty Ltd for the financial years 2003 to 2008. Additionally, the court needed to establish the timeframe for the completion of a valuation of L Services Pty Ltd, which had been previously ordered. The court also had to consider the discharge of certain prior orders contingent on the provision of audited reports, and to set out ongoing quarterly reporting obligations for both parties regarding company accounts, BAS statements, and outstanding debtors.

Brown J ordered that both parties cooperate to facilitate an audit of the companies' accounts by K Pty Ltd and Mr R, with information to be provided to the auditor within fourteen days, and the audit to be completed by 10 July 2009 or a later agreed date. Following the audit, C Accountants were to complete the valuation of L Service Pty Ltd by 31 August 2009, or within seven weeks of the audit's completion if an extension was granted. Prior orders concerning L Home Pty Ltd were discharged, provided its audited reports were supplied to C Accountants. The wife was ordered to provide quarterly accounts and BAS statements for L Services Pty Ltd to the husband, and the husband was to provide the wife with a quarterly list of outstanding debtors, with documents to be exchanged within fourteen days of the end of each quarter, commencing from the quarter ending 30 June 2009. All interim applications were dismissed.