However, the High Court proposed three considerations.
The first is to identify, using common law principles the existing legal and equitable interests of parties in the property. That is to say, what does each party own and is it fair to disturb respective interests of the parties in the property?
Whilst this is a broad power conferred on the Court to determine what is just and equitable, the High court warns that power should be exercised judiciously.
The court observed that in R v Watson 136 CLR 248 at 257 and Ex Parte Armstrong that judges called up to make that decision is not entitled to make that decision based on ‘palm tree justice’. Palm tree justice is a term describing an ad hoc judicial decision making founded on common sense rather than legal principles. There should not be a presumption that interest in matrimonial property should be altered without scrutiny of the legal principles.
“Whether it is ‘just and equitable’ to make the order is not to be answered by assuming that the parties rights to or interests in the marital property are or should be different from those that exist.” At [39]
Furthermore, before going to considerations of s 79(4) the Court must not proceed with the assumption that one or the other party has “the right to have property of the parties divided between them or has the interests in marital property which is fixed by reference to the various matters set out in s 79(4) because to do so is to conflate the statutory requirements and ignore the principles laid down by the Act. at [40]
Then the High Court want further and proclaim that “community ownership arising from marriage has no place in the common law.” Property settlement by parties to a marriage is to be “decided according to the same scheme of legal titles and equitable principles as govern the rights of any two persons who are not spouses.”
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