Liveson and Zhou (No 2)

In *Liveson and Zhou (No 2)*, Hogan J of the Federal Circuit Court of Australia made orders concerning the valuation of businesses operated by the Respondent. The dispute involved the parties' differing approaches to valuing these businesses, necessitating specific directions to facilitate a comprehensive and accurate assessment.

The court was required to determine the appropriate methods for valuing the Respondent's businesses located at D Town and Suburb C. Specifically, the court needed to establish the bases upon which these valuations should be conducted, including whether they should be individual, aggregated, or based on assumptions of sale or retention. The court also had to address the provision of necessary financial information to enable these valuations.

Hogan J ordered that each party must cooperate to allow Ms B from B Accountants to value the businesses on multiple bases: individually, as an aggregate, and on assumptions of sale or retention. The Respondent was directed to instruct her accountants to compile divisional Profit and Loss Statements for the relevant financial years and provide them to Ms B, along with a copy of the business management software. The parties were to share the costs of preparing these statements. If Ms B found she could not complete all valuations as specified, she was to proceed with those that were possible based on the information provided. The costs of a prior appearance were reserved, and parties were granted liberty to seek a directions hearing.