Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) For determining whether a transaction is an eligible transaction, the Commissioner may:
(a) by written notice given to a relevant person, require the person to lodge a written valuation of property within the time stated in the notice; or
(b) obtain a valuation from the Valuer-General or another valuer.
(2) If the Commissioner is not satisfied with the valuation lodged by the relevant person, the Commissioner may obtain a valuation from the Valuer-General or another valuer.
(3) The Commissioner may recover the cost of obtaining the valuation as a debt due to the Territory by the relevant person.
(4) In this section:
"property" means:
(a) a home; or
(b) land; or
(c) a relevant interest in land.
"relevant person", for a transaction, means an applicant or former applicant for a first home owner grant in relation to the transaction.
"valuer" means a certified practising valuer who is a member of the Australian Property Institute, and includes a person who, in the Commissioner's opinion, has equivalent qualifications.