The parties married on 2 July 1977 out of community of property in terms of an antenuptial contract, excluding community of property, profit and loss, and accrual. The marriage lasted approximately 27 years. The appellant husband instituted divorce proceedings in April 2003. During the marriage, the appellant was the primary breadwinner, working as a quantity surveyor and later in the building industry. The respondent wife initially worked but stopped to care for their two daughters, born in 1983 and 1987. Both parties testified that throughout the marriage they pooled their income and regarded assets as jointly owned. The family emigrated from South Africa to New Zealand in 1998, then to Australia in 2000. When the appellant sold his member's interest in T&B Log Homes in 1997, part of the consideration included member's interests in two close corporations - WN 20 CC was transferred to the respondent, WN 21 CC to the appellant. The parties purchased a house in Brisbane, Australia, registered in joint names. Following marital breakdown (partly due to the respondent's adultery in July 2002 and the daughter Kate's behavioral problems), the Brisbane house was sold in November 2002 for approximately A$590,000. The appellant unilaterally transferred A$215,000 from the net proceeds to his own account without the respondent's knowledge. The respondent obtained an order in the Australian Family Court to freeze these funds. The appellant then transferred the remaining A$157,900 to an account held by a business associate. The respondent sold her member's interest in WN 20 CC for net proceeds of approximately R284,000.