Sulo and Colpetti

In the matter of Sulo and Colpetti, Watts J made orders pursuant to section 79 of the *Family Law Act 1975* (Cth) concerning the division of property between the parties. The dispute involved the distribution of funds held in a controlled monies account and other assets.

The court was required to determine how the parties' property, including a significant sum held in a controlled monies account, should be divided. This involved allocating specific percentages of the controlled monies account to each party and addressing the payment of certain debts and liabilities.

Watts J ordered that the controlled monies account, including accumulated interest, be released with 53 percent to the wife and 47 percent to the husband. The husband was further ordered to pay $20,000 from his share of these funds to R and an equivalent sum to the Child Support Agency, to be credited against his child support liabilities for G. The husband was also to indemnify the wife for any liability arising from a tax invoice dated 3 September 2007 from W Realty and attend to its payment. Each party was declared the sole and beneficial owner of all other property in their possession, including superannuation entitlements. The court also made provision for a Registrar or Deputy Registrar to execute documents if a party failed to do so, and granted liberty to apply on seven days' notice.