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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

Miscellaneous - Financial provisions

95: Board must operate in financially responsible manner

You could also call this:

"The Board must manage its money carefully."

Illustration for Valuers Bill

The proposed law says you, as part of the Board, must make sure it operates in a financially responsible manner. You must manage its assets and liabilities carefully. You must also try to ensure the Board is financially viable in the long term and acts like a successful business.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1451102.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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94: Board may compile and publish land valuation data, or

"The Board can collect and share information about land values to help people."

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96: Board’s financial statements, or

"The Board must prepare and sign its financial reports within 6 months of the financial year ending."

Part 4Miscellaneous
Financial provisions

95Board must operate in financially responsible manner

  1. The Board must ensure that it operates in a financially responsible manner and, for that purpose, that it—

  2. prudently manages its assets and liabilities; and
    1. endeavours to ensure—
      1. its long-term financial viability; and
        1. that it acts as a successful going concern.