Valuers Bill
Summary of changes
These summaries explain recent changes to the law. They are generated by AI comparing versions of the legislation, so they might oversimplify, miss details, or get things wrong. Learn more about how we track these changes.


31 October 2025
- The functions of the Institute have been rephrased and expanded to include new responsibilities
- The exemption of a registered valuer with a conscientious objection from membership now requires compliance with conditions as long as the exemption continues
- The maximum fine for breaching a rule made under section 90 has been increased and rules are now classified as secondary legislation
- The register of valuers may now be kept in an electronic format and its access and operation are subject to new provisions
- The requirement for a person to be at least 23 years old to be registered has been removed
- Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations
- The Board's direction to remove a person's name from the register now requires satisfaction of certain conditions
- The Board may order a valuer to pay costs and expenses in relation to a proceeding under section 41B
- The title of provision 45 has been updated to include the word 'penalty' and enforcement of fines has been clarified
- Appeals against decisions of the Board have been broadened to include more general references to decisions under various sections
- A certificate by the Registrar can provide evidence of additional matters, including annual practising certificates
- The removal of a member must be made by written notice, including the effective date and reasons for removal
- The term of appointment for B has been amended to be up to 3 years and fees and allowances have been updated
- The Board's powers in dealing with complaints about conduct that occurred before commencement have been clarified and restricted
- The quorum for a meeting of the Board has been amended to 2 members in certain circumstances
- Notice periods and representation at hearings have been clarified and broadened to include representation by any person
- The Board of Appeal must hear appeals relating to additional matters, including termination or variation of orders
- Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
Affected provisions
- LMS623605 Notice periods and representation at hearings have been clarified and broadened to include representation by any person
- 1: Transitional, savings, and related provisions The Board's powers in dealing with complaints about conduct that occurred before commencement have been clarified and restricted
- 2: Comparative table Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 3: Intended changes to effect of old law on commencement Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 4: Consequential amendments Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 14: Register of valuers The register of valuers may now be kept in an electronic format and its access and operation are subject to new provisions
- 16: When person is entitled to be registered The requirement for a person to be at least 23 years old to be registered has been removed
- 18: Meaning of recognised certificate Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 26: Offence for false or fraudulent representation or declaration Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations
- 28: Registrar may remove name after asking valuer Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations
- 32: Board may direct that person’s name be removed from register Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations; The Board's direction to remove a person's name from the register now requires satisfaction of certain conditions
- 36: Investigation of complaint Notice periods and representation at hearings have been clarified and broadened to include representation by any person
- 38: Valuer’s rights at inquiry Notice periods and representation at hearings have been clarified and broadened to include representation by any person
- 40: Who prosecutes complaint Notice periods and representation at hearings have been clarified and broadened to include representation by any person
- 44: Costs and expenses The Board may order a valuer to pay costs and expenses in relation to a proceeding under section 41B
- 45: Enforcement of fines penalty and order to pay costs The title of provision 45 has been updated to include the word 'penalty' and enforcement of fines has been clarified
- 46: Appeals against decisions of Board Appeals against decisions of the Board have been broadened to include more general references to decisions under various sections
- 48: Board of Appeal must hear appeal The Board of Appeal must hear appeals relating to additional matters, including termination or variation of orders
- 56: Removal of member The removal of a member must be made by written notice, including the effective date and reasons for removal
- 58: How vacancy is filled The term of appointment for B has been amended to be up to 3 years and fees and allowances have been updated
- 62: Quorum The quorum for a meeting of the Board has been amended to 2 members in certain circumstances
- 68: Fees and allowances of members and assessors Remuneration and expenses The term of appointment for B has been amended to be up to 3 years and fees and allowances have been updated
- 72: Functions of Institute The functions of the Institute have been rephrased and expanded to include new responsibilities
- 76: Board may exempt registered valuer with conscientious objection from membership The exemption of a registered valuer with a conscientious objection from membership now requires compliance with conditions as long as the exemption continues
- 90: Rules of Institute The maximum fine for breaching a rule made under section 90 has been increased and rules are now classified as secondary legislation
- 93: How Board may apply money Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 105: Regulations Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations
- 110: Certificate by Registrar to be evidence A certificate by the Registrar can provide evidence of additional matters, including annual practising certificates
