Prior to March 2004, it was the usual process for parties to each retain a valuer, whether it be for a business, the family home or any other asset that required valuing. If there was a difference between valuers they were then required to ‘hot tub’ and come up with a joint statement setting out any areas of agreement and any areas of continued disagreement. That process occupied a lot of court time and was quite expensive for the parties. In March 2004 there were a plethora of new rules introduced, most notably dealing with the appointment of single experts and also the requirement to disclose any other valuation evidence such as market appraisals, thus preventing parties from ‘shopping around’. Those rules have continued to evolve over time to the current rules, being the Federal Circuit and Family Court of Australia (Family Law) Rules 2021 (Cth). We now have a process where one party (usually the applicant) will submit the names of three proposed experts, the other party will choose, and then a joint letter of appointment is prepared. The parties should have minimal interaction with that expert, other than to provide the requested information or access.