Commonwealth Consolidated Regulations

INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 42.50

    If:

  (a)   the value of divisible property is likely to have a material impact on the administration of a regulated debtor's estate; and

  (b)   the market value of the property is not readily ascertainable;

the registered trustee must obtain advice from an independent expert in assessing:

  (c)   the extent of the trustee's interest in any realisable asset; and

  (d)   the value of the property or offers for the property.