20 Jun 2008
SMITH V SMITH HC WN CIV 2008 485 242
- Citation
- openlaw-83865a9d_ec82_40ab_a3a5_7a00f41418ff.pdf
- Court
- High Court
Valuation of the shares is confirmed at the hearing date under s2G but adjusted under s18B to compensate the husband for post-separation contributions: shares remain relationship property but netted so the wife is to be paid 30% of the hearing-date value (effectively a 70-30 split in favour of the husband). Post-separation dividends are relationship property under s8(1)(l) but subject to s18B adjustment; net after-tax dividends are divided 60% to husband and 40% to wife. The wife's appeal on additional spousal maintenance is dismissed because she had available capital from sale of the home an…