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Valuers Bill

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

69A: When interests must be disclosed

You could also call this:

"When you must tell others about your interests in a matter"

Illustration for Valuers Bill

You need to know when you must tell others about your interests. A matter is something the Board does or decides, like making a contract. You are interested in a matter if you can get money from it. You are also interested if someone close to you can get money from it. This includes your spouse, partner, child, or parent. You can be interested in a matter in other ways too. But you are not interested just because you get paid for your work. You are also not interested if your connection to the matter is very small. Having worked as a valuer in the past does not make you interested in a matter either.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1537177.

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69: Registrar, or

"The Registrar: a helper for the Valuers Board"

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69B: Obligation to disclose interest, or

"Valuers must tell others about their interests in a matter"

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

69AWhen interests must be disclosed

  1. In this section, matter means—

  2. the Board’s performance of its functions or duties or exercise of its powers; or
    1. an arrangement, agreement, or contract made or entered into, or proposed to be entered into, by the Board.

      1. A person is interested in a matter if the person—

      2. may derive a financial benefit from the matter; or
        1. is the spouse, civil union partner, de facto partner, child, or parent of a person who may derive a financial benefit from the matter; or
          1. may have a financial interest in a person to whom the matter relates; or
            1. is a partner, director, officer, board member, or trustee of a person who may have a financial interest in a person to whom the matter relates; or
              1. is otherwise directly or indirectly interested in the matter.

                1. However, a person is not interested in a matter—

                2. because they receive an indemnity, insurance cover, remuneration, or other benefits authorised under this Act or another Act; or
                  1. if their interest is so remote or insignificant that it cannot reasonably be regarded as likely to influence them in carrying out their responsibilities under this Act or another Act; or
                    1. only because they have past or current involvement in the profession of land valuation.