sec.260Valuations if required consultation undertaken before commencement

sec.260 Valuations if required consultation undertaken before commencement

This section applies if— before the commencement, a trustee, for the purpose of ascertaining and fixing the value of any property under the repealed Act, section 51, consulted a duly qualified person as to the value of the property; and immediately before the commencement, the trustee had not fixed the value of the property. Section 117 applies to the trustee as if the consultation mentioned in subsection (1)(a) were consultation undertaken under section 117(3)(a) about the value of the property. (sec.260-ssec.1) This section applies if— before the commencement, a trustee, for the purpose of ascertaining and fixing the value of any property under the repealed Act, section 51, consulted a duly qualified person as to the value of the property; and immediately before the commencement, the trustee had not fixed the value of the property. (sec.260-ssec.2) Section 117 applies to the trustee as if the consultation mentioned in subsection (1)(a) were consultation undertaken under section 117(3)(a) about the value of the property.

• (a) before the commencement, a trustee, for the purpose of ascertaining and fixing the value of any property under the repealed Act, section 51, consulted a duly qualified person as to the value of the property; and
• (b) immediately before the commencement, the trustee had not fixed the value of the property.