Disclosure by parties before conference held
127 Disclosure by parties before conference held
The chairperson must give the parties a notice requiring them to give the chairperson, within 14 days after the notice is given, copies of all documents they have in their possession relevant to the valuation (the disclosure obligation).
If the chairperson is satisfied all parties have complied with the disclosure obligation, the chairperson must—
give copies of the documents given by a party to the other party; and
arrange the objection conference.
If the chairperson is not satisfied both parties have complied with the disclosure obligation—
the objection conference must not be held; or
if the conference has started, the chairperson may end the objection conference; or
the chairperson may give the party who has not complied with the obligation (the noncompliant party) a further period of not more than 14 days to comply with the requirement.
However, the chairperson may give a further period only if the chairperson considers it is reasonably likely that the noncompliant party will comply with the disclosure obligation within that period.
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