Scepetti and Scepetti

In the matter of *Scepetti and Scepetti*, Foster J of the Federal Circuit Court of Australia considered a dispute between a husband and wife concerning the division of their financial resources. The central issue before the court was the appropriate distribution of a capital sum held in a controlled monies account.

The court was required to determine how a sum of $253,148, held in a controlled monies account, should be divided between the husband and wife. This included determining the quantum of the capital sum each party was to receive and how any accrued interest on that sum should be distributed.

Foster J ordered that within 14 days, both the husband and wife were to take all necessary steps, including signing all required documents, to authorise the payment of $235,649 from the controlled monies account to the husband, or as he directed in writing. The remaining balance of the capital sum was to be paid to the wife, or as she directed in writing. Furthermore, any interest accrued on the capital sum was to be paid to the parties on a pro rata basis, reflecting the division of the capital sum as outlined in the order.