PART VSupplementary Provisions
Valuation regulations
78Power to make valuation regulations
1
Regulations may be made with respect to the determination of the value of assets and the amount of liabilities in any case in which the value or amount is required by any provision of this Act to be determined in accordance with valuation regulations.
2
Without prejudice to the generality of subsection (1) above, regulations under this section may provide that, for any specified purpose, assets or liabilities of any specified class or description shall be left out of account or shall be taken into account only to a specified extent.
3
Regulations under this section may make different provision in relation to different cases or circumstances.