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Insolvency Practice Rules (Bankruptcy) 2016
42‑180 Protecting certain assets42‑180 Protecting certain assets
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42‑180 Protecting certain assets
A registered trustee must take appropriate steps to protect assets with a commercial value that have vested in him or her, including doing any or all of the following: (a) ensuring that the assets are adequately insured; (b) taking possession of the assets; (c) perfecting legal ownership of the assets.