Plain language law

New Zealand law explained for everyone

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

90: Rules of Institute

You could also call this:

"The Institute's Rules: A Guide for Members"

Illustration for Valuers Bill

The New Zealand Institute of Valuers can make rules at a meeting with at least 20 members. You can think of these rules like a guide for how the Institute and its members should work. The rules can cover things like membership, branches, and how the Institute is run. The Institute can make rules about things like electing leaders and handling money. They can also make rules about how members should behave and what happens if they do not follow the rules. You might be interested in learning more about the Legislation Act 2019 to understand how these rules are published. The rules must follow the law and be approved by the Minister before they can be used. If a member breaks a rule, they might have to pay a fine of up to $1,000. This fine is like a debt that the member owes to the Institute and can be taken to court if it is not paid.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=LMS616994.

Topics:
Business > Industry rulesMoney and consumer rights > Consumer protection
Previous

89: Officers of Institute, or

"The Council chooses helpers for the Institute."

Next

91: Registrar must receive fees, or

"You must pay a fee to the Registrar before they help you."

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

90Rules of Institute

  1. The Institute may, at a meeting at which no fewer than 20 members are present, make rules for all or any of the following purposes:

  2. the regulation and good governance of the Institute and of the members and affairs of the Institute:
    1. providing for the qualifications for membership of the Institute, and for different classes of members:
      1. providing for branches of the Institute:
        1. providing for—
          1. the election of the members of the Council by the members of the branches of the Institute; and
            1. the number of members of the Council that may be elected by the branches; and
              1. the filling of extraordinary vacancies:
              2. regulating the election of the president and vice-presidents of the Institute:
                1. regulating the audit of the financial statements of the Institute and the appointment of auditors, and prescribing their qualifications:
                  1. providing for and regulating the granting of certificates of membership:
                    1. providing for the calling of ordinary and special meetings of the Institute and of the Council, and regulating the quorum, the representation of members, and the procedure at those meetings:
                      1. providing for the conferring of fellowships, honorary memberships, and other distinctions:
                        1. prescribing the fees or other payments, annual or otherwise, that members of the Institute must pay:
                          1. exempting any class of registered valuers or members from any fee or other payment:
                            1. prescribing a code of ethics for regulating the professional conduct of members of the Institute:
                              1. imposing a fine not exceeding $1,000 on any member of the Institute for the breach of any rule made under this section:
                                1. generally for carrying the objects for which the Institute is formed into full effect.

                                  1. The rules must not be inconsistent with this Act.

                                  2. The rules do not come into force unless and until they are approved by the Minister.

                                  3. A fine imposed on a member under a rule is a debt due from the member to the Institute and is recoverable accordingly in a court of competent jurisdiction.

                                  4. Rules made under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

                                  Notes