Valuers Act 2003 (NSW)

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An Act to provide for the qualifications and regulation of valuers; to repeal the Valuers Registration Act 1975; and for other purposes.

Part 1Preliminary1Name of Act

This Act is the Valuers Act 2003.

2Commencement(1)

This Act commences on a day or days to be appointed by proclamation except as provided by subsection (2).

(2)

Schedule 1.6 and 1.15 commence on the commencement of Division 4 of Part 5 of the Law Enforcement (Powers and Responsibilities) Act 2002.

3Definitions

In this Act:

authorised officer has the meaning given in Part 4 (Enforcement).

corresponding law means a law of another Australian jurisdiction that is declared by the Minister from time to time by order published in the Gazette to be a law that corresponds to this Act.

Editorial note—

For corresponding laws see Gazette No 37 of 29.3.2005, p 944.

Director-General means:

  • (a)

    the Commissioner for Fair Trading, Department of Finance and Services, or

  • (b)

    if there is no such position in the Department of Finance and Services—the Director General of that Department.

disqualified person means a person who is disqualified from registration as a valuer under section 9.

property means:

  • (a)

    land (including any estate or interest in land), or

  • (b)

    an exclusive right to the separate occupation of land or a building or part of a building (whether the right derives from the ownership of a share or interest in a body corporate or arising in some other way), or

  • (c)

    an access licence under the Water Management Act 2000, or

  • (d)

    any other property that is prescribed by the regulations as property for the purposes of this Act.

Register means the Register maintained under this Act.

registered valuer means a person registered under this Act as a valuer.

valuer means a person who values property for a fee or reward that is paid or payable either to the person or to a person (including the State or an instrumentality or agency of the State) who employs the person, whether in the capacity of employee or agent or in any other capacity.

4Exception for architects, engineers and surveyors

A person who carries out a valuation of property in the course of and incidentally to the performance of services as an architect, engineer, surveyor or quantity surveyor is not a valuer with respect to that valuation if any fee or reward paid or payable in respect of those services is wholly or principally attributable to the performance of services other than the carrying out of that valuation.

5Notes

Notes included in this Act do not form part of this Act.

Part 2Registration6Natural person practising or advertising as valuer(1)

A natural person must not practise or advertise as a valuer unless he or she is a registered valuer.

(2)

A registered valuer must not practise as a valuer in contravention of any conditions to which the valuer’s registration is subject.

(3)

A natural person must not advertise…

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.