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Valuers Bill

Regulation of public valuers - Disciplinary powers of Board

44: Costs and expenses

You could also call this:

"When the Board investigates, the valuer might have to pay costs."

Illustration for Valuers Bill

If a case involves section 41, the Board can tell a valuer to pay some money. This money is for the costs of the Board's inquiry or investigation. The Board decides how much the valuer must pay. In some cases, the Board can also tell a valuer to pay for the costs of a proceeding under section 41B. The Board gets to decide how much the valuer must pay in these cases. You can find more information about investigations in section 36.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS617015.

Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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"When a valuer's work is stopped, it happens 21 days later, unless they appeal"

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45: Enforcement of fines penalty and order to pay costs, or

"Paying fines and costs that you owe"

Part 2Regulation of public valuers
Disciplinary powers of Board

44Costs and expenses

  1. In a case to which section 41 applies, the Board may order the valuer to pay the amount that the Board thinks fit in respect of either or both of the following:

  2. the costs and expenses of and incidental to the inquiry by the Board:
    1. the costs and expenses of and incidental to the investigation conducted under section 36 in relation to the complaint to which the inquiry relates.

      1. In a case to which section 41B applies, the Board may order the valuer to pay the amount that the Board thinks fit in respect of the costs and expenses of and incidental to the proceeding of the Board under that section.