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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

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

72: Functions of Institute

You could also call this:

"The Institute's jobs are to help valuers work fairly and follow the law."

Illustration for Valuers Bill

The proposed law says the Institute has several jobs. You will see the Institute promoting ethical behaviour among valuers. It will also help keep the good name of valuers. The Institute will provide ways for valuers to learn and share knowledge about land valuation. It will even think about and suggest changes to laws about land valuation. The Institute will help valuers resolve professional disagreements peacefully. It will protect the interests of valuers and the public when it comes to land valuations. The Institute must do what this Act and other laws say it must do. It can also do other things that are related to its main jobs.

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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=LMS616987.

Topics:
Business > Industry rulesHousing and property > Land use
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71D: Validity of acts, or

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

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73: Registered valuers are members of Institute, or

"Being a registered valuer means you're automatically part of the Institute."

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

72Functions of Institute

  1. The functions of the Institute are—

  2. to promote and encourage ethical conduct among valuers and other members of the Institute; and
    1. to preserve and maintain the integrity and status of valuers and other members of the Institute generally; and
      1. to provide opportunities to acquire and communicate knowledge in relation toland valuation and related subjects; and
        1. to consider and suggest amendments to the law relating to land valuation and related subjects; and
          1. to provide means for the amicable settlement of professional differences; and
            1. to protect and promote—
              1. the interests of the profession of land valuation; and
                1. the interests of the public in relation to valuations of land and related subjects; and
                2. to perform and exercise the functions and powers conferred or imposed on it by or under this Act or any other legislation; and
                  1. to perform any functions that are incidental and related to, or consequential on, its functions set out in this section.