Clause by clause analysis
Clause 1 is the Title clause.
Clause 2 provides for the Bill to come into force 6 months after enactment.
1Preliminary provisions
Clause 3 states that the purpose of the Bill is to re-enact the Valuers Act 1948 in an up-to-date and accessible form.
Clause 4 states that the Bill is a revision Act for the purposes of sections 59 to 62 of the Legislation Act 2019. A revision Act should generally have the same effect as the old law subject to certain exceptions (see sections 62(a) and 96(3) of that Act). Schedule 2 contains a table that sets out the provisions of this Bill that correspond to the provisions of the Valuers Act 1948 and Schedule 3 sets out which provisions of this Bill are intended to change the effect of the old law.
Clause 5 defines certain terms used in the Bill.
Clause 6 provides for the transitional, savings, and related provisions set out in Schedule 1. In particular,—
a person who is registered under the Valuers Act 1948 must be treated as being registered under this Bill:
rules of the New Zealand Institute of Valuers (the Institute) continue in force under this Bill:
investigations and inquiries under the Valuers Act 1948 are continued and completed under that Act (but may result in de-registration or suspension under this Bill).