Family Law Valuation Co.

Questions & answers

Fees

Questions about the two fixed fees, GST, what each fee includes, additional work and the upgrade credit.

Answers

How much does a business valuation cost for a divorce or property settlement in Australia?

For negotiation, mediation and property-settlement discussions, the Settlement Valuation is a fixed fee of $2,495 + GST ($2,744.50 including GST) for one reasonably straightforward business or ownership interest with complete and reliable records. The Settlement Valuation is prepared for negotiation and mediation purposes. It is not prepared for filing or reliance as expert evidence in court. Additional entities and other work outside the scope are priced before they begin.

From the Fees & inclusions page. Link to this answer

How much does a business valuation cost for family court proceedings?

For proceedings, the Family Law Expert Valuation is a fixed fee of $4,495 + GST ($4,944.50 including GST) for one reasonably straightforward business with complete and reliable records. Engagement is subject to an initial conflict and suitability assessment, review of the proposed instructions and acceptance by the appointed expert. The fixed fee applies to one reasonably straightforward business with complete and reliable records, and the scope is confirmed in writing before work begins. Court attendance, formal questions and expert conferences are priced separately at the rates on this page.

From the Fees & inclusions page. Link to this answer

Are the fees really fixed?

Yes, for the scope described: one reasonably straightforward business or ownership interest with complete and reliable records. The Settlement Valuation is $2,495 + GST and the Family Law Expert Valuation is $4,495 + GST. If the enquiry shows something materially different, such as several related entities that each need valuing, we say so and price it before starting. If something outside that scope only becomes apparent after work has begun, we say so and agree any additional work in writing before doing it, as the terms of engagement set out.

From the Fees & inclusions page. Link to this answer

What could increase the fee?

Only work outside the fixed scope, at the rates in the table above: an additional entity, urgent turnaround, formal questions and conferences, court attendance, and complex or disputed records. Where one of these can be seen at the scope stage we tell you then; where it arises later we tell you before doing the work.

From the Fees & inclusions page. Link to this answer

Is the Settlement Valuation fee credited if I move to an expert report?

Yes, in full, if you upgrade within three months. If you first obtain a Settlement Valuation and later require a Family Law Expert Valuation, the full $2,495 + GST settlement fee will be credited when you upgrade within three months. You pay only the $2,000 + GST difference. The expert report is a separate engagement, subject to the same conflict and suitability assessment as any other. The appointed expert independently reviews the material, may ask for further information and forms their own opinion.

From the Fees & inclusions page. Link to this answer

Do the fees include GST?

No. All fees on this site are exclusive of GST, which is added to each invoice at the applicable rate. Including GST, the Settlement Valuation is $2,744.50 and the Family Law Expert Valuation is $4,944.50.

From the Fees & inclusions page. Link to this answer

Who pays when a single expert is appointed?

That is set by the agreement between the parties or by the Court's orders, and your lawyer will advise on what applies. Commonly the parties share the fee, but the arrangement varies. Tell us what has been agreed or ordered in the enquiry and we will confirm the invoicing approach in the engagement letter.

From the Fees & inclusions page. Link to this answer

Are there any other costs?

Nothing outside the engagement letter. Both services are fixed fees for the defined scope, and additional work is charged at the rates on this page. Disbursements, such as travel for a site visit you request, are not included in the fixed fees and will need to be reimbursed.

From the Fees & inclusions page. Link to this answer

Is there a charge for the initial enquiry and scope review?

No. The initial enquiry, the conflict check and the scope review are free, and so is a free 15-minute consultation about your business before you choose a report. Nothing is charged, and no analysis begins, until you accept a written engagement letter or quotation.

From the Fees & inclusions page. Link to this answer

Clarity starts with a conversation.

Tell us a little about the business. We help identify the right report and confirm the scope before you commit. Not ready to enquire? Start with a free 15-minute consultation, at no cost and with no obligation. Based in Double Bay, Sydney, and working with clients and their advisers across Australia. Or call 0433 475 518 or request a call back. Phone hours are 8am to 6pm, Monday to Friday (Sydney time).