Valuers Registration Act 1975 Regulation relating to the period of training in valuing land (1992-652) [GG No 146 of 18.12.1992] (NSW)

1992—No. 652

VALUERS REGISTRATION ACT 1975—REGULATION

(Relating to the period of training in valuing land)

NEW SOUTH WALES

[Published in Gazette No. 146 of 18 December 1992]

HIS Excellency the Governor, with the advice of the Executive Council,

and in pursuance of the Valuers Registration Act 1975, has been pleased

to make the Regulation set forth hereunder.

ROBERT WEBSTER, M.L.C.,

Minister for Housing.

Commencement

1. This Regulation commences on 18th December, 1992.

Amendment

2. The Valuers Registration Regulation is amended by inserting after

clause 4 the following clause:

Period of training in valuing land

5. For the purposes of section 15 (1) (b) (i) of the Act, the prescribed period of training in valuing land, whether situated within New South Wales or elsewhere, at a standard approved by the Council, is 12 months fulll-time.

1992—No. 652

EXPLANATORY NOTE

The object of this Regulation is to amend the Valuers Registration Regulation to
reinstate a requirement that the period of training in valuing land required of an

applicant for registration as a practising real estate valuer is 12 months full-time.

This requirement, which is of continuing operation, formed part of clause 5 of

the Regulation which was repealed by an amendment to the Valuers Registration

Act 1975 made by the Statute Law (Miscellaneous Provisions) Act (No. 3) 1992.

This Regulation is made under section 15 of the Valuers Registration Act 1975.