Co-operation Act 1923 Regulation relating to the removal of age restrictions for eligible valuers (1990-768) [GG No 167 of 14.12.1990] (NSW)

1990 - No. 768

CO-OPERATION ACT 1923 - REGULATION
(Relating to the removal of age restrictions

for eligible valuers)

NEW SOUTH WALES

[Published in Gazette No. 167 of 14 December 1990]

HIS Excellency the Governor, with the advice of the Executive Council, and in pursuance of the Co-operation Act 1923, has been pleased to make the Regulation set forth hereunder.

G. B. PEACOCKE

Minister for Business and Consumer Affairs.

The Co-operatives Regulations 1961 are amended by omitting

Regulation 86 (b) and by inserting instead the following paragraph:

(b)

a person who is registered as a practising real estate valuer, pursuant to section 15 (1) of the Valuers Registration Act 1975, and who is:

(i)	a Fellow, or an Associate, of the Australian Institute of Valuers (Incorporated); or
(ii)	a person whose name appears in the Schedule to this Regulation.

EXPLANATORY NOTE

The object of this Regulation is to amend the Co-operatives Regulations 1961 to

remove the restriction that prevents a registered real estate valuer who is of or above
the age of 72 years from being a prescribed person for certain valuations made for
the purposes of the Co-operation Act 1923.