New South Wales Consolidated Regulations New South Wales Consolidated RegulationsFor the purposes of section 156 (3) (c) of the Act, a "prescribed person" is:
(a) in relation to the valuation of property within the meaning of the Valuers Act 2003 -a person who is a registered valuer under that Act, and
(b) in relation to the valuation of assets of some other kind-a person who has been engaged in valuing assets of that kind for a period of, or for periods totalling, at least 5 years.