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Citation:
[2024] FCoA 201
Court:
Federal Circuit and Family Court of Australia
Date:
8 April 2024
Issue:
Property settlement – Non-disclosure of cryptocurrency assets
Summary:
The wife alleged the husband had failed to disclose significant cryptocurrency holdings during financial disclosure. Evidence was presented showing wallet transactions inconsistent with his disclosed assets.
The Court found the husband had failed in his duty of disclosure and drew adverse inferences. The asset pool was adjusted to include an estimated value of undisclosed cryptocurrency, and the wife received a 65/35 split in her favour to account for the non-disclosure and additional legal costs incurred.
Outcome:
65/35 property split in favour of wife. Husband ordered to pay wife costs on indemnity basis.