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Valuers Bill

Regulation of public valuers - When public valuer must hold annual practising certificate - Key provisions

7: Duty for public valuer to hold annual practising certificate

You could also call this:

"Public valuers must have a yearly certificate to work legally"

Illustration for Valuers Bill

If you want to work as a public valuer, you must have a special certificate. This certificate is called an annual practising certificate and it must be issued under this part of the law. You will need to get a new one every year. If you do not have this certificate, you cannot work as a public valuer, no matter what other rules say. This rule is important and it overrides any other rules that might say something different. If you work as a public valuer without this certificate, you will be breaking the law and you can get in trouble for it.

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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=LMS617021.

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6: Transitional, savings, and related provisions, or

"Special rules when the law starts"

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8: Offence relating to holding out when person does not hold annual practising certificate, or

"It's an offence to pretend to be a registered valuer when you don't have a certificate."

Part 2Regulation of public valuers
When public valuer must hold annual practising certificate: Key provisions

7Duty for public valuer to hold annual practising certificate

  1. A member of the Institute may act as a public valuer only if they hold an annual practising certificate issued under this subpart.

  2. Subsection (1) applies despite any other provision of this Act.

  3. A person who acts as a public valuer in breach of subsection (1) commits an offence.