Zagoreos and Zagoreos

In *Zagoreos and Zagoreos*, Forrest J of the Federal Circuit Court of Australia considered an application by the husband and a counter-application by the wife concerning property settlement. The husband sought to have his interest in a property at C Street, Suburb D, New South Wales, removed from consideration in the property settlement proceedings. The wife sought to have the property included.

The central legal issue before the court was whether the husband's interest in the C Street property should be included as a financial resource available for division between the parties in their family law proceedings. This required the court to determine the nature of the husband's interest in the property and whether it constituted a resource that ought to be taken into account under the *Family Law Act 1975* (Cth).

Forrest J dismissed both the husband's application and the wife's application. The court made orders reflecting this dismissal, including an undertaking by the husband not to sell, dispose of, or further encumber his interest in the C Street property until further order. The husband was also ordered to pay the wife's costs of opposing his application.