Read the full judgment text of FCMC 13741/2019 on BabelCite. This Family Court judgment was delivered on 1 November 2023 before Her Honour Judge Grace Chan.
Matrimonial Causes – Ancillary Relief – Asset Sharing – Child Maintenance – Disclosure – Add-back – District Court – FCMC 13741 / 2019 – Parties: BC (Petitioner) v MSH also known as H, MSO (1st Respondent) – Issues: Whether wife's cash withdrawals of $1,080,100 were reckless or concealed (No); Whether wife's AUD125,000 withdrawal should be added back (Yes); Whether husband's crypto investments were wanton spending (No); Whether there should be departure from equal sharing (No); Whether wife's Australian Funds should be shared (Yes); Child maintenance amount and backdating ($48,600/month, back-dated to 1 May 2021) – Holdings: Wife's cash withdrawals were for family expenses; Husband's crypto disclosure was deficient but not wanton; Australian Funds were matrimonial; Assets shared equally; Husband pays 60% of children's expenses – Outcome: Husband pays $48,600/month maintenance; Wife pays $3,600,000 lump sum; Interim Maintenance Order discharged; Parties retain assets; Costs reserved.
Legal issues: Wife's cash withdrawals · Wife's AUD125,000 withdrawal · Husband's crypto investments · Departure from equal sharing · Wife's Australian Funds and MPF · Children maintenance
Outcome: Ancillary relief orders made; Husband pays child maintenance; Wife pays equalisation lump sum.
Cited by 2 cases · Cites 8 cases