Page 1391 - Week 05 - Thursday, 25 June 1992

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(5) "Assets" is the value of all assets owned by the person including those in which the person has a contingent or beneficial interest but does not include the value of:

- clothing; - ordinary household effects; - ordinary household equipment; - tools of trade; - plant and equipment necessary for earning income; and, - one motor vehicle.

(6) Given the applicants declaration, the value placed on assets by applicants is generally accepted as sufficiently accurate. In the cases of former property owners following marriage breakdown, solicitors statements outlining dispersal of sale proceeds are usually sought to confirm cash holdings.

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