This page is about a bill. That means that it's not the law yet, but some people want it to be the law. It could change quickly, and some of the information is just a draft.

Valuers Bill

Valuers Registration Board and New Zealand Institute of Valuers - New Zealand Institute of Valuers

71C: Acts must be for purpose of functions

You could also call this:

"The Institute can only do things that help it do its job."

The New Zealand Institute of Valuers can only do certain things if they help the Institute do its job. You need to think about what the Institute's functions are. The Institute can do these things under section 71A or 71B, but only if they are helping the Institute perform its functions.

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This page was last updated on 30 October 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1451094.

Topics:

Business > Industry rules

71B: Other things Institute can do, or

"The Institute can do things like a person, unless the law says no."

71D: Validity of acts, or

"What happens if the Valuers Institute makes a wrong decision?"

Part 3Valuers Registration Board and New Zealand Institute of Valuers
New Zealand Institute of Valuers

71CActs must be for purpose of functions

The Institute may do an act under section 71A or 71B only for the purpose of performing its functions.