New South Wales Repealed Acts

This legislation has been repealed.

VALUERS REGISTRATION ACT 1975 - SECT 24

24 Practice by certain persons prohibited

(1) A person shall not:

(a) practise as a real estate valuer, or

(b) advertise himself or herself or hold himself or herself out as being entitled or prepared to practise as a real estate valuer,

unless the person is registered under Part 3 (otherwise than as a non-practising real estate valuer).

Maximum penalty: 5 penalty units or imprisonment for six months.

(2) Subsection (1) does not apply to a person who is undertaking a course of study and training prescribed under this subsection and who, for that purpose, carries out duties under the supervision of a person registered as a practising real estate valuer in connection with valuations of land that are made by that valuer.

(3) Except as provided by subsection (4), a person shall not advertise that he or she or any person employed by him or her, whether in the capacity of an employee or in any other capacity, is prepared to value land, either for fee or reward or for no fee or reward, unless he or she or, as the case may be, the person so employed is registered under Part 3 (otherwise than as a non-practising real estate valuer).

Maximum penalty: 5 penalty units.

(4) A person shall not advertise that he or she or any person employed by him or her, whether in the capacity of an employee or in any other capacity, is prepared to value licensed premises, either for fee or reward or for no fee or reward, unless he or she or, as the case may be, the person so employed is registered as a valuer of licensed premises or as a practising real estate valuer whose registration is not subject to any limitation with respect to licensed premises.

Maximum penalty: 5 penalty units.

(5) Nothing in this section applies to a corporation within the meaning of section 57A of the Corporations Act 2001 of the Commonwealth.