Dispute over 13 Year De Facto Relationship and Property Interests

Greyson & Maher is a property dispute case between two self-employed professionals who were in a de facto relationship for 13 years from 2006 until 2019.

The applicant made the majority of the financial contributions throughout the relationship, and the respondent made most of the non-financial contributions.

The parties agreed to keep their finances separate, except for a property they purchased together.

The respondent sought a 38% share of the asset pool, including the applicant's shareholding in H Ltd. The applicant sought a 50% interest in the B Street property, while the respondent initially sought to retain it.

The court ruled that the respondent has the option to acquire the applicant's one-half interest in B Street within 30 days of the orders or pay $1,100,000, otherwise the applicant has the option to acquire the respondent's one-half interest within 60 days with the same payment. If neither party exercises their option, the respondent must sell the property on the open market, with proceeds to be split equally between the parties.