Valuers Registration Amendment Regulation (No. 1) 2002 (Qld)

Queensland Subordinate Legislation 2002 No. 54 Valuers Registration Act 1992 VALUERS REGISTRATION AMENDMENT REGULATION (No. 1) 2002 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Amendment of s 12 (Valuation practice). . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Insertion of new pt 2, div 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Division 4—Continuing professional development 13A CPD—Act, s 36B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 13B Amount of CPD—Act, s 42FA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 Replacement of s 14 (Prescribed institutes of valuers) . . . . . . . . . . . . . . . . . 3 14 Prescribed institutes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 Replacement of sch (Fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SCHEDULE FEES

s1 2 s5 Valuers Registration Amendment Regulation (No. 1) No. 54, 2002 2002 1 Short title This regulation may be cited as the Valuers Registration Amendment Regulation (No. 1) 2002 . 2 Commencement (1) This regulation, other than sections 5 and 7, commences on 1 April 2002. (2) Sections 5 and 7 commence on 1 May 2002. 3 Regulation amended This regulation amends the Valuers Registration Regulation 1992. 4 Amendment of s 12 (Valuation practice) Section 12(a)— omit, insert— ‘(a) conform to the principles and practices of valuation stated in Professional Practice 1 published by the Australian Property Institute; and’. 5 Insertion of new pt 2, div 4 Part 2, after section 13— insert— ‘Division 4—Continuing professional development ‘13A CPD—Act, s 36B ‘ For section 36B(1)(a) of the Act, CPD is— (a) at least 10 hours spent on 1 or more of the following— 1 The publication Professional Practice may be purchased from the Australian Property Institute at level 2, 131 Leichhardt Street, Spring Hill.

s6 3 s6 Valuers Registration Amendment Regulation (No. 1) No. 54, 2002 2002 (i) attending seminars, conferences, workshops, field days or addresses about property matters, conducted by professional organisations, industry bodies or employers; (ii) preparing and presenting papers about property matters; (iii) writing and circulating or publishing articles about property matters; (iv) holding positions on committees of professional or property industry bodies or organisations; (v) undertaking formal education about property matters; (vi) undertaking informal education about property matters by perusing appropriate journals or using audio or visual tapes; or (b) giving the board— (i) at least 2 valuation reports completed during the previous 18 months; and (ii) reasons for not acting under paragraph (a). ‘13B Amount of CPD—Act, s 42FA ‘For section 42FA(b) of the Act, the amount of CPD is 5 hours.’. 6 Replacement of s 14 (Prescribed institutes of valuers) Section 14— omit, insert— ‘14 Prescribed institutes ‘For sections 30(b)(i) and 36B(1)(b) of the Act, each of the following bodies is a prescribed institute— (a) the Australian Property Institute; (b) the Royal Institution of Chartered Surveyors; (c) the New Zealand Property Institute.’.

s7 4 s7 Valuers Registration Amendment Regulation (No. 1) No. 54, 2002 2002 7 Replacement of sch (Fees) Schedule— omit, insert— ‘SCHEDULE ‘FEES section 3 1. Inspection of register (Act, s 27) . . . . . . . . . . . . . . . . . . . . 2. Application for registration as a valuer (Act, s 29) . . . . . . 3. Certificate of registration (Act, s 34) . . . . . . . . . . . . . . . . . 4. Roll fee (Act, s 36(1)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Late fee (Act, s 36(2)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Late fee (Act, s 36B(2)) . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Application for restoration of registration as a valuer (Act, s 40) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. Application to be recorded on list of specialist retail valuers (Act, s 42B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. Application for renewal of recording on list of specialist retail valuers (Act, s 42FA) . . . . . . . . . . . . . . . . . . . . . . . . 10. Application for restoration of recording on list of specialist retail valuers (Act, s 42GB(2)). . . . . . . . . . . . . . $ 8.00 69.00 20.00 69.00 20.00 20.60 69.00 69.00 71.20 20.60’. ENDNOTES 1. Made by the Governor in Council on 28 March 2002. 2. Notified in the gazette on 28 March 2002. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Department of Natural Resources and Mines.

© State of Queensland 2002