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Valuers Bill

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

78: Exempted person must pay fees

You could also call this:

"Exempt valuers must still pay their fees on time"

Illustration for Valuers Bill

If you are a registered valuer who is exempt, you must pay fees to the Board. You pay the same fees you would pay if you were a member of the Institute, as per section 76. You have to pay these fees on time. If you do not pay a fee within 3 months, the Board can tell the Registrar to remove your name from the register. The Registrar will then remove your name from the register. If you pay all the fees you owe, the Registrar will put your name back on the register, but you have to pay a fee for this.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS622828.

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77: Exempted person subject to certain requirements as if they were member, or

"Exempt valuers must still follow some rules"

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79: Council of Institute, or

"The Council of Institute: A group of members managing the New Zealand Institute of Valuers."

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

78Exempted person must pay fees

  1. A registered valuer (A) who is exempted under section 76 must pay to the Board the fees or other payments, annual or otherwise, that they would be required to pay to the Institute if they were a member of the Institute.

  2. If A does not pay a fee or any other payment payable to the Board under this section within 3 months after it is due,—

  3. the Board may direct the Registrar to remove A’s name from the register; and
    1. the Registrar must remove A’s name accordingly.

      1. If A satisfies the Registrar that all of those fees and other payments have been paid, the Registrar must, on payment of the fee prescribed by the regulations, restore A’s name to the register.