Marinos & Marinos [2023] FedCFamC2F 1659
1 March 2024
Ages: Husband (50), Wife (48)
Relationship: 25-year marriage
Children: 2 children, aged 21 and 15
Asset pool: $2,011,505 net non-superannuation (gross assets $2,191,169 less $178,564 mortgages); superannuation dealt with separately
Division: Non-superannuation 65% to the wife, 35% to the husband; superannuation equalised
Marinos & Marinos [2023] FedCFamC2F 1659 Case Study
Relationship Details
- Type: Marriage
- Duration: 25 years; married in 1997 and separated on 25 August 2021
- Ages at Judgment: Husband 50, Wife 48
Children
- Children from Relationship: Two children, aged 21 and 15.
- Special Circumstances: The wife experienced severe postnatal depression after the birth of the first child.
Initial Financial Positions
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Husband:
- Owned a property at E Street, estimated equity of $22,000
- Motor Vehicle 5
- Approximately $10,000 in superannuation
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Wife:
- Owned the D Street property, gifted by her parents, valued at $162,000
Contributions During the Relationship
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Financial Contributions:
- Wife's parents gifted H Street homes to the wife, valued together at $115,000, providing substantial rental income.
- Husband sold his E Street property for equity of $43,000.
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Non-financial Contributions:
- Wife was the primary homemaker and caregiver; the husband also made a parenting contribution, particularly during the wife's postnatal depression.
Post-Separation Contributions and Actions
- Both parties continued their work commitments post-separation, with the younger child living with the wife full time.
Current Financial Position & Property Pool
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Major Assets & Liabilities:
- B Street Property, valued at $1,150,000 with debts summing up to $178,564 (mortgage and line of credit).
- D Street Property valued at $950,000.
- Superannuation pool treated separately and divided equally, by a splitting order of $36,864 in the wife's favour.
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Total Asset Pool: Gross non-superannuation assets of $2,191,169, less mortgages of $178,564, leaving a net non-superannuation pool of $2,011,505.
Assessment of Contributions and Future Needs
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Contributions:
- Wife: 62%, considering real estate contributions and non-financial responsibilities.
- Husband: 38%, reflecting his financial contributions throughout the marriage.
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Future Needs Adjustments:
- An additional 3% in favour of the wife, mainly for her care of the younger child.
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Final Division:
- Net non-superannuation assets divided 65% to wife ($1,307,478) and 35% to husband, requiring the wife to pay the husband $648,858. Any capital gains tax on a sale of the D Street property is to be shared equally.
Unique Aspects
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Gifts and Parental Assistance: Significant influence from the wife's parents, who provided substantial financial support through gifting properties and financial assistance for renovations.
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Valuation Disputes: The wife's non-cooperation with property valuation impacted the evidence available, although the court proceeded with available appraisals.
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Ongoing Care and Support: The court encouraged the husband to keep supporting the younger child financially until child support is assessed.
Main Takeaways
- The property's division took into account initial financial contributions, parental gifts, non-financial roles, and ongoing needs for child care.
- The court's decision balanced significant parental gifts with long-term marriage contributions.
- Child support arrangements and parental roles influenced future needs considerations, notably adjusting the wife's asset share.
The law since this decision
This case was decided before 10 June 2025. From that date the Family Law Act 1975 (Cth) sets out the steps for a property settlement in s 79(3) to (5), and the court must consider the effect of family violence on each party's contributions (s 79(4)(ca)) and on their current and future circumstances (s 79(5)(a)), and any material wastage of property (s 79(5)(d)). In Western Australia, a property case between married couples is decided under that Act in the Family Court of Western Australia. A case between de facto partners in Western Australia is decided under the Family Court Act 1997 (WA), which has not adopted those 2025 changes.
Citation: Marinos & Marinos [2023] FedCFamC2F 1659
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