What is included as assets

What is included as assets

‘Assets’ are any tangible or intangible property or interest which has economic value to the person applying for a grant of legal assistance or to any financially associated person (FAP), including:

  • real estate
  • investments, shares, options or interests in trusts or companies
  • trading stock
  • plant and equipment (excluding tools of trade, unless they are exceptionally valuable)
  • unpreserved superannuation
  • a debt, any other right or goodwill and any other form of intangible property
  • any asset in which the person (or any FAP) has an equitable interest.

See also: Allowable assets