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
- LMS623605Notice periods and representation at hearings have been clarified and broadened to include representation by any person
- 1: Transitional, savings, and related provisionsThe Board's powers in dealing with complaints about conduct that occurred before commencement have been clarified and restricted
- 2: Comparative tableMinor 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 commencementMinor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 4: Consequential amendmentsMinor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 14: Register of valuersThe 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 registeredThe requirement for a person to be at least 23 years old to be registered has been removed
- 18: Meaning of recognised certificateMinor 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 declarationPenalties for various offences have been increased, including false or fraudulent representation and breaching regulations
- 28: Registrar may remove name after asking valuerPenalties 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 registerPenalties 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 complaintNotice periods and representation at hearings have been clarified and broadened to include representation by any person
- 38: Valuer’s rights at inquiryNotice periods and representation at hearings have been clarified and broadened to include representation by any person
- 40: Who prosecutes complaintNotice periods and representation at hearings have been clarified and broadened to include representation by any person
- 44: Costs and expensesThe 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 costsThe title of provision 45 has been updated to include the word 'penalty' and enforcement of fines has been clarified
- 46: Appeals against decisions of BoardAppeals against decisions of the Board have been broadened to include more general references to decisions under various sections
- 48: Board of Appeal must hear appealThe Board of Appeal must hear appeals relating to additional matters, including termination or variation of orders
- 56: Removal of memberThe removal of a member must be made by written notice, including the effective date and reasons for removal
- 58: How vacancy is filledThe term of appointment for B has been amended to be up to 3 years and fees and allowances have been updated
- 62: QuorumThe 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 expensesThe term of appointment for B has been amended to be up to 3 years and fees and allowances have been updated
- 72: Functions of InstituteThe functions of the Institute have been rephrased and expanded to include new responsibilities
- 76: Board may exempt registered valuer with conscientious objection from membershipThe 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 InstituteThe 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 moneyMinor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
- 105: RegulationsPenalties for various offences have been increased, including false or fraudulent representation and breaching regulations
- 110: Certificate by Registrar to be evidenceA certificate by the Registrar can provide evidence of additional matters, including annual practising certificates
