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Valuers Bill

Regulation of public valuers - When public valuer must hold annual practising certificate - When Registrar may issue certificate

11: When annual practising certificate is in force

You could also call this:

"What happens when you have a yearly valuer's certificate"

Illustration for Valuers Bill

You get an annual practising certificate for a year. It is valid for that whole year. If you stop being a registered valuer, your certificate is cancelled. You are considered to have an annual practising certificate when you apply and pay the fee. The fee is set by regulations. A year in this case means from 1 January to 31 December. You must be registered as a valuer to keep your certificate. If you are not registered, your certificate will be cancelled. This rule applies to people who are entitled to get an annual practising certificate.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS655095.


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10: Registrar may issue annual practising certificate to registered valuer, or

"Registrar can give a yearly certificate to practise as a valuer"


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12: Annual list of holders of practising certificates, or

"Who has a valuer's practising certificate each year"

Part 2Regulation of public valuers
When public valuer must hold annual practising certificate: When Registrar may issue certificate

11When annual practising certificate is in force

  1. The annual practising certificate is in force during the year in respect of which it is issued.

  2. However, if, at any time during that year, the holder of the certificate ceases to be registered as a valuer, the certificate is cancelled.

  3. A person entitled to receive an annual practising certificate must be treated as having obtained that certificate when they have applied for it and have paid the fee prescribed by the regulations.

  4. In this section, year means a year ending on 31 December.