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Valuers Bill

Miscellaneous - Financial provisions

93: How Board may apply money

You could also call this:

"How the Board can use its money"

The Board can use the money mentioned in section 92 in several ways. You can think of it like a budget for the Board. They can use the money to pay for things like expenses and audits. They can also use it to pay fees to Board members and make grants for education that helps the land valuation profession. The Board can use the money for other expenses too, as long as they are allowed to do so.

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This page was last updated on 30 October 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS641076.

Topics:

Money and consumer rights > Banking and loansEducation and learning > Higher educationBusiness > Industry rules

92: Fees, monetary penalties, or other money must be paid into bank account, or

"Paying fees and penalties into a bank account"

94: Board may compile and publish land valuation data, or

"The Board can collect and share information about land values to help people."

Part 4Miscellaneous
Financial provisions

93How Board may apply money

The Board may apply the money referred to in section 92 as follows:
to pay the expenses incurred by the Board in respect of this Act, including the cost of the audit of its financial statements:
to pay any fees or allowances payable in accordance with this Act to members of the Board:
to make grants for educational purposes that in the opinion of the Board will be of benefit to the profession of land valuation:
to otherwise pay any expenditure lawfully incurred by the Board.