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Valuers Registration Act 1992 – 20 September 2010

Valuers Registration Regulation 2013 – 1 July 2016

Summary

The Valuers Registration Board of Queensland established under an earlier Act, is continued in existence. The board is to keep a register called the Register of Valuers of Queensland which records the name and other particulars of registered valuers. The board must also keep a list of specialist retail valuers.

  • Sections 5, 6, 18, 25, 25A, 26, 28, 42A, 64

An application to be registered as a valuer (of land) is to be made to the board in an approved form; and supported by such evidence as the board may require. The board must consider the application and decide to grant, or refuse to grant, the application. The requisite qualifications for registration are set out in section 30 of the Act. If registration is granted, a certificate is issued. For the definition of ‘valuer’, refer to section 3 of the Act.

  • Sections 3, 29, 30, 31, 31A, 32, 33, 34, 36, 36A, 36B, 37, 38, 39, 63; Regulations 3, 4

An individual who is a registered valuer may apply to the board to be recorded as a specialist retail valuer. The application must be in the approved form. The listing is approved where the board is satisfied the applicant has enough experience in retail rental valuation.

  • Sections 42B, 42C, 42D, 42FA, 42FB, 42G, 42GA; Regulation 5

A person who is aggrieved by the conduct of a registered valuer may complain to the board. All complaints must be in writing.

  • Sections 43, 44, 45, 49, 50, 51, 52, 59, 60

A code of professional conduct for valuers is set out in Schedule 1 of the Valuers Registration Regulation 2013 (and other documents provided for in regulation 2 – an approved document or otherwise the API Code). Pursuant to Schedule 1, regulation 7, a registered valuer who prepares a written report about a valuation must sign and date the report and include the following in the report: (a) details of the valuer’s qualifications relevant to the valuation; (b) the valuer’s number in the register; (c) the date each inspection relevant to the valuation was carried out by the valuer; and (d) the date the valuation was made. Pursuant to Schedule 1, regulation 10, a registered valuer must, if asked by a client, give the client information about the way in which a fee charged for a valuation is calculated.

  • Section 66; Regulation 2, Schedule 1
Reason for law

N/A

Relevant links

Valuers Registration Board of Queensland
Register of Valuers of Queensland
List of Specialist Retail Valuers
Forms & guides

API Code of Professional Conduct [The Australian Property Institute]

Critique

Section 49 contains the phrase ‘prima facie’. This phrase may not be understood by members of the public.

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PLEASE NOTE: The information published on this webpage may be out-of-date. Please compare the currency date of the Act/Regulation against that published on the Office of the Queensland Parliamentary Counsel website. If you require access to Commonwealth statute law, please visit the ComLaw website. If you require access to the local council laws (by-laws), please visit the Local laws database.

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