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Valuers Bill

Regulation of public valuers - Disciplinary powers of Board

41: Further disciplinary powers of Board

You could also call this:

"What happens if a valuer does something wrong: the Board's extra powers"

Illustration for Valuers Bill

If you make a complaint about a registered valuer, the Board will look into it. The Board can then choose to do one or more of the following things: censure the valuer, order the valuer to pay a penalty of up to $10,000, or suspend the valuer's registration for up to 12 months. The Board's decision must be in writing and signed by the chairperson. If the valuer has already been convicted of an offence, the Board cannot impose a penalty for the same act. The Board has these powers in addition to its other powers under sections 35 to 40. The Board's decision is an important one, and it must follow the rules. The rules say that the Board's powers are in addition to its other powers. This means the Board has more ways to deal with complaints about registered valuers.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS617014.

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40: Who prosecutes complaint, or

"Who speaks up for a complaint?"

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42: Effect of suspension, or

"What happens when a valuer's registration is suspended"

Part 2Regulation of public valuers
Disciplinary powers of Board

41Further disciplinary powers of Board

  1. After an inquiry into a complaint against a registered valuer, the Board may do 1 or more of the following:

  2. censure the valuer:
    1. order the valuer to pay a penalty not exceeding $10,000:
      1. suspend the valuer’s registration for a period not exceeding 12 months.

        1. A censure or an order under this section must be in writing and signed by the chairperson.

        2. The Board must not impose a penalty under subsection (1)(b) for an act or an omission that constitutes an offence if the valuer has been convicted of the offence.

        3. The Board’s powers under this section are in addition to its powers under sections 35 to 40.