Queensland Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 70

70 Valuer

(1) For this division, the valuer of the resale value of the right to reside in the unit must be a person who--

(a) is a registered valuer; and
(b) is agreed on by the scheme operator and the former resident.

(2) If the scheme operator and the former resident can not agree on the valuer--

(a) the scheme operator or the former resident must immediately tell the chief executive by written notice; and
(b) the valuer is to be a registered valuer decided by the chief executive within 14 days after the chief executive receives the notice mentioned in paragraph (a).

(3) In this section--

registered valuer means a valuer registered under the Valuers Registration Act 1992.



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