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3.10.4 Unrealisable Assets
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In this section
For a person to be considered under the financial hardship rules, they must have an unrealisable asset. This section contains information on different types of unrealisable assets and how they are treated.
An asset of a person is an unrealisable asset if:
- the person cannot sell or realise the asset and cannot use the asset as a security for borrowing, or
- the person could not reasonably be expected to sell or realise the asset and could not reasonably be expected to use the asset as a security for borrowing.