Valuers Amendment (Fees) Regulation 2010 (NSW)

2010 No 160

New South Wales

Valuers Amendment (Fees) Regulation

2010

under the

Valuers Act 2003

His Excellency the Lieutenant-Governor, with the advice of the Executive Council, has made the following Regulation under the Valuers Act 2003.

VIRGINIA JUDGE, MP Minister for Fair Trading

Explanatory note
The object of this Regulation is to amend the Valuers Regulation 2005 to increase the fees payable under the Valuers Act 2003 in relation to the registration of a valuer, including the fee payable for the restoration of a cancelled registration. The fee increases are generally in line with movements in the Consumer Price Index (rounded to the nearest dollar).

This Regulation is made under the Valuers Act 2003, including sections 10 (Application to registration of Licensing and Registration (Uniform Procedures) Act 2002), 15 (Cancellation of registration) and 48 (the general regulation-making power).

Published LW 30 April 2010	Page 1
2010 No 160
Clause 1	Valuers Amendment (Fees) Regulation 2010

Valuers Amendment (Fees) Regulation 2010

under the

Valuers Act 2003

1      Name of Regulation

This Regulation is the Valuers Amendment (Fees) Regulation 2010.

2      Commencement

This Regulation commences on 1 July 2010 and is required to be published on the NSW legislation website.

3 Amendment of Valuers Regulation 2005

(1) Clause 8 Maximum fee: section 15 (4)

Omit “$767”. Insert instead “$784”.

(2)	Schedule 1
Omit the Schedule. Insert instead:
Schedule 1 Fees

(Clause 6)

Column 1	Column 2	Column 3	Column 4
Nature of fee payable	Fixed	Processing	Total
component	component
Application fee for 3 year	$600	$181	$781
registration as a valuer
Application fee for renewal of	$600	$59	$659
registration
Application fee for restoration of	$600	$120	$720
registration
Application fee for a replacement	Nil	$39	$39
of lost, damaged or destroyed certificate of registration