Stanic and Stanic

In the matter of *Stanic and Stanic*, Justice Stevenson of the Supreme Court of New South Wales was required to determine the division of property and liabilities between the parties following their separation. The dispute concerned the sale of a jointly owned property, the distribution of its proceeds, the transfer of a motor vehicle, and the allocation of remaining assets and liabilities.

The court was tasked with determining how the proceeds of the sale of the property at H, New South Wales, should be distributed. This involved prioritising various payments, including agent's commission, legal costs associated with the sale and a prior subdivision, a specific debt to Esanda, and then distributing a portion of the remaining funds to each party before an equal division of the balance. Additionally, the court needed to decide on the transfer of a Jeep Wrangler motor vehicle and clarify the parties' respective entitlements to other property and liabilities.

Justice Stevenson ordered that the husband was to take all necessary steps to effect the sale of the property and distribute the proceeds in a specific order of priority. This included payment of sale expenses, legal costs for the sale and subdivision, the Esanda debt, a fixed sum to the husband and a lesser sum to the wife, and finally, an equal division of any remaining balance. The husband was also ordered to transfer his interest in the Jeep Wrangler to the wife. All other property in each party's possession was declared to be their sole entitlement, and each party was made solely responsible for liabilities in their respective names, subject to the court's orders.