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

  1. LMS623605
    Notice periods and representation at hearings have been clarified and broadened to include representation by any person
  2. 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
  3. 2: Comparative table
    Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
  4. 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
  5. 4: Consequential amendments
    Minor wording changes have been made to various provisions, including replacement of 'land valuing' with 'land valuation' and updates to schedules
  6. 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
  7. 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
  8. 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
  9. 26: Offence for false or fraudulent representation or declaration
    Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations
  10. 28: Registrar may remove name after asking valuer
    Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations
  11. 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
  12. 36: Investigation of complaint
    Notice periods and representation at hearings have been clarified and broadened to include representation by any person
  13. 38: Valuer’s rights at inquiry
    Notice periods and representation at hearings have been clarified and broadened to include representation by any person
  14. 40: Who prosecutes complaint
    Notice periods and representation at hearings have been clarified and broadened to include representation by any person
  15. 44: Costs and expenses
    The Board may order a valuer to pay costs and expenses in relation to a proceeding under section 41B
  16. 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
  17. 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
  18. 48: Board of Appeal must hear appeal
    The Board of Appeal must hear appeals relating to additional matters, including termination or variation of orders
  19. 56: Removal of member
    The removal of a member must be made by written notice, including the effective date and reasons for removal
  20. 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
  21. 62: Quorum
    The quorum for a meeting of the Board has been amended to 2 members in certain circumstances
  22. 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
  23. 72: Functions of Institute
    The functions of the Institute have been rephrased and expanded to include new responsibilities
  24. 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
  25. 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
  26. 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
  27. 105: Regulations
    Penalties for various offences have been increased, including false or fraudulent representation and breaching regulations
  28. 110: Certificate by Registrar to be evidence
    A certificate by the Registrar can provide evidence of additional matters, including annual practising certificates